Anonymous

24 Feb 2020

∙

General Investing

Should you save or invest your funds? For my scenario, which would be a better option?

Which is a better option?
a) Save 3-6 months of emergency funds first before investing.
b) Save and invest at the same time.

How much should i save and how much should i invest?

7

Discussion (7)

What are your thoughts?

Learn how to style your text

Tan Li Xing

24 Feb 2020

Financial Consultant at Prudential Assurance Company (Singapore)

Hi Anon,

What phase of life are you in? I think if you are have not gotten a full time job, b) is possibly a good option, as your can tread investing and yet save for yourself.

If you have a full time job, it might be good to build up your emergency funds first, with the guideline of about 6 months of your monthly income before starting to invest. But just to share, it would be good to look into your protection as well, so that your income is protected due to possible unforeseen circumstances

Reply

Save

Sj Oh

24 Feb 2020

Option A will be safer.
Option A to provide the base; before going on to invest.

Also, do consider your plan for 3-5 years.
1) are there any big purchases coming up?
2) any new milestones in life that require you to tap on your savings?

Reply

Save

Davin

24 Feb 2020

Option A is better.
Once I set aside my emergency fund, I will invest all my savings into different ...

Write your thoughts

Related Posts

For cash management accounts like endowus and stashaway they mostly invest in lion global money market funds Would it be better to invest directly in lion global and save the roboinvestors mgmt fee?

What are better investment options to AIA Pro Achiever for someone with limited investment knowledge, no time to monitor funds, looking at 10-15 years investment horizon, targeting returns of 5%?

I’m 19 years old and would like to get into investing. Should I invest in index or mutual funds? Should I save a monthly goal and use that to invest? My goal is long term growth. Any advice?

Which is a better option? Invest in ETF or SSB? Newbie here. 21 years old still studying but working full time. Would really want to start "investing"?

Hi, I am thinking of investing $500 every month. What are some good options for investment? My goal is to start saving for retirement as I’m nearing 40 but it’s better to start late than never right?

Related Posts

For cash management accounts like endowus and stashaway they mostly invest in lion global money market funds Would it be better to invest directly in lion global and save the roboinvestors mgmt fee?

What are better investment options to AIA Pro Achiever for someone with limited investment knowledge, no time to monitor funds, looking at 10-15 years investment horizon, targeting returns of 5%?

I’m 19 years old and would like to get into investing. Should I invest in index or mutual funds? Should I save a monthly goal and use that to invest? My goal is long term growth. Any advice?

Which is a better option? Invest in ETF or SSB? Newbie here. 21 years old still studying but working full time. Would really want to start "investing"?

Hi, I am thinking of investing $500 every month. What are some good options for investment? My goal is to start saving for retirement as I’m nearing 40 but it’s better to start late than never right?