facebookWhat should I do with my savings of $10K in my remix e-savings account? I have sufficient back up funds aka emergency funds. Should I split the $10K into various % for SSB/STI ETF/go for a holiday a portion of it? ? - Seedly

Mimi Jasman

Customer Service Officer at DHL PTE LTD

25 Feb 2020

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What should I do with my savings of $10K in my remix e-savings account? I have sufficient back up funds aka emergency funds. Should I split the $10K into various % for SSB/STI ETF/go for a holiday a portion of it? ?

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If you are still young and have a long investment timeframe, you can allocate more into your sti etf so that you can ensure your investments will grow along the singapore economy. The rest of the money you can put it in SSB and your holidays,

Gabriel Tham

25 May 2018

Tag Team Member at Kenichi Tag Team

That is a sound strategy, splitting into SSB and STI ETF. The allocation is entirely up to your risk profile. Allocating more to ETF can mean higher potential growth but also subject to more volatility. Allocating more to SSB can mean stability and stable returns but also lower potential gains.

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Going for holiday is also good, we all need to relax once in a while!

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