Anonymous
Student with large sum of money, conservative risk appetite, what are my options?
I have 22k sitting in a normal POSB account and I'm clueless about what I can do with the money. My parents are 53 this year. I'm not keen on risky investments so am considering SSBs. Should I top up a significant sum to my parents' CPF?
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Gabriel Tham
08 Mar 2019
Tag Team Member at Kenichi Tag Team
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TUBInvesting
08 Mar 2019
Finance at Singapore Management University
If you think equities are risky investment, then the best is 1 year treasury bonds.
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Gabriel
31 Oct 2018
Undergraduate at National University of Singapore
You can consider putting it in CIMB FastSaver which gives 1% interest per annum, a Fixed Deposit acc...
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Singapore Savings Bonds are a good choice.
You can reconsider CPF top ups once you are very sure that you will not need the money for many years. Like maybe after you bought a flat, married, wedding done, etc and you have spare cash.