I'm graduating from university in 1 year's time. I currently have around $50k and I'm not sure what to do with it. Should I invest in stocks? And should I be considering insurance at this stage?

Just a suggestion on allocation. You can adjust according to your comfort levels.

1. Keep 30k in a bank account with a good base interest rate and tell yourself not to touch it. With the rising SIBOR i recommend citibank maxigain. These will be your emergency funds. After a while, see if a multiplier account may work better as you develop your spending habits. But the risk of keeping it all in one account is that you will feel more tempted to spend it.

2. Put $10k in singapore savings bonds. Don't look at them for 10 years. No monitoring needed.

3. Remaining $10k use for riskier investments. For this again it really depends on your risk profile. Check out the various seedly articles and always always remember every investment carries some risk. It is whether it is high or low only.

Since you're graduating from uni in 1 year's time, i believe you're under 27 still.

Open up the Standard Chartered Jumpstart account, & park $20k in there. You will generate an interest rate of 2% p.a., of which it's appx $33.33 per month, for the $20k.

For your remaining $30k, look at some other instruments. You probably might not want to consider bonds, given it's low yield during this period time. However, to get started in investing, please be equipped with the knowledge first. You might want to start off with the ETF which tracks the performance of the market. Historically, the S&P500 ETF have been generating 9% annualised returns, & STI ETF have been generating 7% annualised returns. Of course, past performance is not indicative of the future, so please DYODD.

Insurance is a must, healthcare should be your priority. After which, take a look at term or life plan.

Rmb, you need to first protect your wealth before building your wealth.

Hope this helps :)