I have been working for over a year, what kind of diversification should I park aside when it comes to saving?

A bank acct with high interest! Possibly those that offers high interest if you credit your salary + spend on your cc tied to the same bank that is under your name!

I would choose to park in REITS. Becausw i feel REITS is less complex and easier to understand compare to individual stocks. Of cuz i will only invest if the yield is more than 5%.

Hey there! Let me try to break it down for you:

1) Emergency funds of about 6 months salary.

2) Hospitalisation insurance (but usually you pay it at the end of the year)

3) Investing in stocks (depending on your preference, can be dividend/growth stocks)

And in between point 2 and 3, if you have plans to get married/BTO, do factor in that buffer first as well!

1. Emergency fund of 6 mths of expenses

2. Hospital insurance (the shield plans that can use govt CPF-Medisave to pay

3. critical illness insurance

4. Then go deep into stocks

Go for IWDA ETF (google IWDA ETF forum) if don't wanna think too much. if not, just go for stock ETF or individual stocks.

The stock market is the best diversification you can have for finances. Even bonds you can choose to invest in bonds ETF, but I won't invest in bonds because I am overweighted in bonds via CPF-OA and CPF-SA.

Go for stocks in the long run and you will be happy. IWDA ftw.

or just STI ETF if u prefer local