If you have spare cash available, what would you do during this pandemic?

Hello!

If you are willing to take more risk, I would suggest going for option 2 or 3. You can opt for a regular savings plan with FSMone if you would like to invest in the STI (they have the most competitive rates imo).

For banking stocks, I feel all 3 local banks have good fundamentals. Now is also a good time to buy as the price has dipped abit with the dividend cap by MAS (this would be good if you can hold for awhile, at least until dividend levels are allowed to return to normal).

For the S&P500, you could invest with either FSMone (which has the most competitive rates again) or with DBSvickers but choosing and ireland domicile fund to have your dividend tax cut in half. Let me know if you have any questions.

Hope this helps!

Hi Anon! Glad you're focusing and planning on the long-term, don't forget to consider your risk appetite as well. This will determine where you put your funds. I'd suggest considering putting your cash in a higher yield savings account first as well as a short term endowment plan before you consider investing as there is always higher risk involved.

Alternatively, if you want something fuss free and easy when it comes to investing, consider robo-advisors such as StashAway, Syfe, AutoWealth, EndowUS etc. There will definitely be one out there that caters to your needs! ​​​

My advise is buying in consistently into the S&P 500 through mutual funds.

Ticker : IVV / VOO

I would put my money where the big companies are. mutual funds in singapore are good but how much can they grow compared to the US listed companies.

Higher growth would mean higher returns.

I would suggest to keep more cash right now because IMO the market is overvalued. At leat the US markets is.

There would be opportunity where the market will be in a correction like in march that is where you pounce. And that is where u make the real money.

https://seedly.sg/questions/what-is-your-genera...

(but for more than 10 years)​​​