Asked by Anonymous
Asked on 19 Sep 2018
You should start studying as reits and equities are a major part in investment. If you do not have time, you can invest in robo advisor as they are a hands free approach to investing.
If you don't want to trade your time for money, you need to invest in knowledge. Save in short term cash instruments that can fetch you above 4% to gain exposure, but don't get in any comfort zone. That's how you move forward.
What you are doing now look good. Don't rock the boat. Review again in 5 yrs time. In the meantime hope you have the time to look for a spouse.
Robo advisories will be your best bet, if you don't have time to study other methods of investing. Alternatives to this will be Singapore Savings Bonds or other high yielding savings accounts. Do note that there is a limit for both of these to achieve the maximum efficient interest rate. Limits for high yielding savings accounts vary by bank, so do check each out individually. Common ones often mentioned are CIMB FastSaver (1% for 1st S$50,000, 0.6% thereafter) and Citibank's Maxi Gain (base interest of 80% of 1 month moving SIBOR rate for 1st S$150,000, 0.05% thereafter).
Hope this helps and all the best.
Hi, for the balance 2k, if you don't want/ no time to manage and want to invest on REITS, you can try REITS ETF:
All points still relevant except #5 Taxes where the 17% corporate tax no longer apply. So no 17% corporate tax.
You can buy via the trading platform in SG , read seedly guide on it with the fees charges by each platform:
Just go for Robo advisors. If you have abit of time, i would have recommend you to invest in global equity etf. Since no time, robo advisors seems to be better for your case.
Well, you can consider amassing about 6 to 12 months of your annual income as a rainy day fund.
Not too sure what are your short term financial commitments, but it's good to have some cash lying around to prepare for housing, renovation, wedding etc