What is a basic first endowment plan a fresh grad should consider?

You can consider Traded Endowment Plans with much lower term tenure and higher returns (but higher risk than your own endowment). Or short term endowments (with minimum of 10k e.g), or even just have a good basic account like SC Jumpstart account (not necessarily need to lock money anyway).

But if you are asking how much, i would say a minimum of $50 a month to $100 only. If you can get lower, then good. This is to prevent buyers regret (i met with so many that i have a pool of Traded Endowments).

Learn more about investments (yes higher risk, so the potential for higher returns). You will benefit more because you have a longer horizon.​​​

Hi anon,

Before you consider an endowment, consider asking yourself first: What are you saving for?

I can provide a broad guideline: You usually either save for retirement, or save for some future goal such as children's education. Endowment plans can work to help you achieve both goals, provided that it is what you want in the first place. There are many types of endowments so you should select the right type for the right goal.

If you feel a little lost about what to save for (it's common, and it's also okay to feel that way), perhaps you might want to speak to an independent financial advisor to help uncover your objectives and desires. You'll then be able to decide after that if you want to start an endowment or not.

Once you decide that you'd want to start something, the advisor should also be able to work out your numbers and let you know what a reasonable amount to commit would be.