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? - Seedly

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Asked by Anonymous

Asked on 18 Jun 2018

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
Level 8. Wizard
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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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
Nicholas Chan

20 Sep 2018

Can look to invest your emergency fund in higher yielding interest accounts or ssb. Can also look to invest in global etfs.