facebookMy mum gave me 2000 dollars to invest. What should i buy? I to ensure that she doesnt lose money and have a stable return from this.? - Seedly

Anonymous

13 Nov 2019

βˆ™

General Investing

My mum gave me 2000 dollars to invest. What should i buy? I to ensure that she doesnt lose money and have a stable return from this.?

Discussion (4)

What are your thoughts?

Learn how to style your text

Arpita Mukherjee

13 Nov 2019

Community Evangelist at Kristal.AI

Hi Anon,
Albeit, $2000 is not a great number but it is not small either and you should definitely invest it in a good strategy. You can go for REITs, other ETFs and bonds, but before you do that, I'd suggest you read up as much to understand what a Robo-advisor really does. Robo-advisory platforms assess your current financial position and recommend a portfolio strategy after reviewing your risk profile. These bionic advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees. And the best part is that they give you the most unbiased advice.

You can read here for a better understanding.

I work at kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.

Gabriel Tham

07 Mar 2019

Tag Team Member at Kenichi Tag Team

Singapore Savings Bond. Won't lose money unless govt and Singapore die.

Stable returns for the next 10 years.

$2 transaction fee on buying or early withdrawal.

1 Month withdrawal period. Quite fast if you suddenly need it.

Just need a CDP account and bank account linked to CDP.

Kenneth Lou

07 Mar 2019

Co-founder at Seedly

Interesting question... 2k is not alot but it's a good start :) You can either choose the following ...

Write your thoughts