facebookI have some savings around $50k (minus what emergency funds for rainy days). Where should I be placing them? - Seedly

Anonymous

02 Jun 2020

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Saving Hacks

I have some savings around $50k (minus what emergency funds for rainy days). Where should I be placing them?

Currently it’s in the OCBC 360 account. Any advice?

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Self-managing after reading some good ETF books is feasible.

here somethings already, I have written up, particularly what not to do:

https://seedly.sg/questions/what-is-your-genera...

you could start with part of your funds buying an MSCI World ACWI ETF, that would be a worldwide diversified stock investment. Other alternative: simple SP500 ETF investing.

To be fair, most advisors would also recommend to buy Bond ETFs, but I'm not a fan of bonds. You need a lot of patience, do not sell during drop downs, don't buy single stocks. You need at least 5-10 years to see that with passive indexing on average (annualized % performance) you are successful. And this is maybe the only rather probable way a retail investor can actually be successful, then property and gold possibly also lead to some stability of your assets.

When there are some excellent customer centered professional advisors, you can expect that a majority has conflicts of interest. So always think for Yourself. In Seedly you can always ask for help, even when there are sometimes partly incongruent differing views, all want to help you out.​​​

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