Asked by Anonymous

I'm currently in my late 20s and have setup my emergency fund and started investing via RSP (STI ETF). How should I start investing the rest of my money?

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  • Marcus Goh
    Marcus Goh
    Level 3. Wonderkid
    Answered on 18 Jun 2018

    I believe before you started investing into other financial instruments, you should first invest in your financial education.

    You can:

    1) Start reading financial or investment books

    2) Attend courses or seminar. (SGX provides some quality free course in SGX Academy)

    https://www.sgxacademy.com/

    3) You can consider which type of Asset Class suit you personally after getting some knowledge and able to make prudent investments.

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  • Hariz Arthur Maloy
    Hariz Arthur Maloy
    Top Contributor

    Top Contributor (Apr)

    Level 7. Grand Master
    Answered on 18 Jun 2018

    Hi Anon, you should look to have a diversified global portfolio as soon as you can. Having all your eggs in one basket is never a good idea (in this case, Singapore).

    Thus robo advisories, and traditional FAs can help you set up such a portfolio and do a RSP into it as well.

    A good rule of thumb is to have a fixed income portfolio that follows your age band, to have some capital preservation elements as well.

    So once you hit your 30s, maybe you can have about 30% in bonds and property. 65% in equity and about 5% in cash instruments.

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  • Tan Wei Jie Shawn
    Tan Wei Jie Shawn
    Level 2. Rookie
    Answered on 18 Jun 2018

    You may look into blue chip stocks or bonds to diversify your portfolio :)

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  • Hannah Foo
    Hannah Foo
    Level 3. Wonderkid
    Answered on 18 Jun 2018

    Singapore Saving Bonds for risk-free investment. Robo advisor for higher risk higher returns

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  • Yong Kah Hwee
    Yong Kah Hwee
    Level 6. Master
    Answered on 20 Sep 2018

    you can look into robo investors for a start! also, start reading up on investments. Seedly has a lot of good resources! :)

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  • Gabriel Lee
    Gabriel Lee
    Level 6. Master
    Answered on 20 Sep 2018

    Depending on your risk appetite, you can invest through robo-advisors (Stashaway, Smartly or AutoWealth), P2P lending, Singapore Savings Bonds, blue chip stocks etc.

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  • Jeff Yeo
    Jeff Yeo, amateur Social contributor at School of social sharing
    Level 6. Master
    Answered on 20 Sep 2018

    It depends on your risk level

    if you want something “safer”

    • singapore savings bonds
    • blue chips
    • ETF via robo advisors

    if You can stomach higher risk

    • stocks
    • forex

    in any case please read up and become savvy about the investment before jumping into it !

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    • Nicholas Chan
      Can look to invest your emergency fund in higher yielding interest accounts or ssb. Can also look to invest in global etfs.
      20 Sep 2018