Anonymous

04 Aug 2020

∙

General Investing

I will need in the next 2-3 years for my tuition fees / studies, any good place to put 200k and upkeep?

Since I got these monies, private bankers have been reaching out to me to advertise for insurance plans!

5

Discussion (5)

What are your thoughts?

Learn how to style your text

Shuennnyyy

04 Aug 2020

Don't buy insurance plan or savings plan, especially ILP.

If you need the cash in 2-3 years, then park them in low risk high liquidity instrument such as bonds, high yield savings account, FD, or cash management solution such as StashAway Simple.

Reply

Save

Alex Chua

02 Aug 2020

Seedly student Ambassador 2020/21 at Seedly

Hi,
You may need to spend your 200k during your university for opportunities.
I would suggest you not to put in lock in plans like the insurance plans.
U can put at fixed deposit or singlife 2.5%

If you have high risk appetite, I would suggest invest a portion of it to roboadvisors

Reply

Save

Elijah Lee

28 Jul 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Please don't put $200K (or any amount of money, for that matter) into anything with a lock...

Write your thoughts

Related Posts

What would be the recommended joint account with your partner? Planning to use this account for wedding/BTO/reno/kids education. Putting in ~$300 each a month. Probably in 2-3 years time we need to plan for wedding?

Currently an undergrad, was thinking if I should put $30k into Endowus' new Ultra Defensive Portfolio (100% bonds) assuming that I will need these funds to pay off my tuition fees in 3 years' time?

Where is a good place to keep half of your savings since FD rate is so low now and investment for noob? Need flexibility to take out some of the money next year.

I am 22 yo this year. After working 1+ years, I've managed to save up about $10k. Planning to do my degree next year & thought of investing, but I might need that money to pay for a part of the school fees next year. Hope to receive some advice.?

I am currently 1 year into my first job and planning to propose by next year and get married in 2-3 years time. However, our BTO application have not been successful. What should I do?

Related Products

Standard Chartered JumpStart Account

4.8

778 Reviews

Maximum Interest: 2.50% p.a. for balances up to S$50,000

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

Moomoo Singapore

4.7

479 Reviews

Saxo Markets

4.5

957 Reviews

Related Posts

What would be the recommended joint account with your partner? Planning to use this account for wedding/BTO/reno/kids education. Putting in ~$300 each a month. Probably in 2-3 years time we need to plan for wedding?

Currently an undergrad, was thinking if I should put $30k into Endowus' new Ultra Defensive Portfolio (100% bonds) assuming that I will need these funds to pay off my tuition fees in 3 years' time?

Where is a good place to keep half of your savings since FD rate is so low now and investment for noob? Need flexibility to take out some of the money next year.

I am 22 yo this year. After working 1+ years, I've managed to save up about $10k. Planning to do my degree next year & thought of investing, but I might need that money to pay for a part of the school fees next year. Hope to receive some advice.?

I am currently 1 year into my first job and planning to propose by next year and get married in 2-3 years time. However, our BTO application have not been successful. What should I do?