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

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Asked by Anonymous

Asked on 01 Mar 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?

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Dawn Fiona
Dawn Fiona

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Level 5. Genius
Answered on 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.

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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.

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