What are the simplest ways to beat inflation? Besides savings accounts, are there any other options I can consider?
Anyone has any tips? Which one will you recommend to a total newbie like me?
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Shania Loh
10 Aug 2020
Seedly Student Ambassador 2020/21 at Seedly
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Investing for more than 10 years into MSCI World ETF with periodical re-investing
what to avoid, I wrote up here
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Lim Chun Long Jimmy
09 Aug 2020
Co-founder at PolicyWoke (Traded Endowment Policies)
Other than savings accounts, one option is resale endowment policies, which are short-term, high-int...
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Hi!
I personally think to beat inflation, one should start investing. There are many ways to do so now but if you are a beginner, I suggest investing with a robo-advisor. There are plenty in the market to choose from such as StashAway, AutoWealth, EndowUS etc. If you are looking to start small, consider investing with StashAway since they do not have a minimum investment sum.
You may consider StashAway Simple, there cash management account that can earn you about 1.9% interest rates (not guaranteed) but it is definitely higher than what the bank is offering.
Other alternatives include Singlife (2.5% interest rates) or seeking advice from a finanical advisor and see if you are comfortable buying a savings plan.