Anonymous

18 Apr 2019

∙

If you had $100K spare cash (with emergency fund set aside), what would you do with it?

I'm more on the conservative side, if capital guaranteed would be better. Was putting into fixed deposit for 6 months, thinking I might need the money in the near future. I fear of losing the money but yet at the same time I wish to use this 100K to earn even more money. What is a good balance?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Dawn Fiona

04 Mar 2019

If you need the money in the near future then yes, FDs and short-term endowment plans might be more suitable.

But you also want to use the 100k to earn more money.

So what about splitting it into two pots? This is what we call portfolio allocation. Have some in risk-free investments, some in low-risk investments, and the rest in mid to higher risk investments.

Reply

Save

Nicholes Wong

03 Mar 2019

Diploma in Business Management at Nanyang Polytechnic

Put into high interest savings account like the Citi maxigain or put into SSBs. Both options are better than FD and good for risk averse people.

Reply

Save

Write your thoughts

Related Posts

I'm 28. After setting aside 12 months emergency fund, do I still need to allocate money to savings? Or should I use my spare cash to invest or top up CPF?

I am 40 years old with $100k avail for investment, prefers capital protection with some growth. I already set aside 6 months of emergency funds and not needing the $100k in 5 years. What to invest?

After setting aside an emergency savings fund and with no liabilities, would investing all your savings monthly be a good idea?

How would you allocate a $15K portfolio in you were a beginner? And why? Emergency funds and all already set aside so $15K solely for investments. Any advice?

Hi, I have about $5k spare cash after putting aside emergency funds?

Related Posts

I'm 28. After setting aside 12 months emergency fund, do I still need to allocate money to savings? Or should I use my spare cash to invest or top up CPF?

I am 40 years old with $100k avail for investment, prefers capital protection with some growth. I already set aside 6 months of emergency funds and not needing the $100k in 5 years. What to invest?

After setting aside an emergency savings fund and with no liabilities, would investing all your savings monthly be a good idea?

How would you allocate a $15K portfolio in you were a beginner? And why? Emergency funds and all already set aside so $15K solely for investments. Any advice?

Hi, I have about $5k spare cash after putting aside emergency funds?