Anonymous

25 Dec 2019

∙

What should I do with my $18,000 savings that is stored in my ePOSBkids Account?

I'm 25 and have around $18,000 savings in my ePOSBkids Account. Recently read about what I should do with my salary (20-50-30 rule). I'm very keen on growing this small sum of savings, but have never invested before. Not even in the STI ETF / Robo-advisors, which I would be starting on with my monthly pay. What should I do with my $18,000 savings?

Also, any tips on how a newbie like me should start looking at higher risk investments than the STI ETF / Robo-advisors?

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Lky

25 Dec 2019

Move to a better savings account like DBS Multiplier or SCB Jumpstart for higher interests!

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Gabriel Tham

09 Oct 2018

Tag Team Member at Kenichi Tag Team

If you are starting on ETF or robo advisor with monthly pay then keep it as emergency savings for rainy day. Can put in singapore saving bond.

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