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Ernest Yeam Wee Leong
22 Sep 2019
Content Creator at www.youtube.com/c/JustBeingErnest
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Victor Lye
21 Sep 2019
Founder & CEO at SquirrelSave
It depends on your risk appetite and time horizon. It also depends on your liquidity needs.
If you really want passive income, bank savings and bond funds are available. But the returns are relatively low.
Frankly, you will be better off in a globally diversified portfolio if you can afford to invest without the need for liquidity for the next 1 - 3 years.
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You should invest. Either you profit or you learn from your mistake when it's still a small amount. ...
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You can invest in dividend-paying stocks or REITs if you understand how stocks and REITS works and how to value it.
Otherwise, you can use $1000 to learn from others who are successful in making passive income.