Asked by Raimi Jasman

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? ?

0
0
Share this
Answer this question
Add
Add
Select
Clear
Add
Write your answer

Answers (1)

Sort by:
Most Upvote
  • Most Recent
  • Most Upvote
    • Gabriel Tham
      Gabriel Tham

      Top Contributor (Jan)

      415 Answers, 742 Upvotes
      Answered on 25 May 2018

      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.

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

      Comments (0)
      1
      0
      Share this

Download Seedly’s free

Expense Tracking App
Download on the App StoreGet it on Google Play
  • Sync all your banks in one place
    Sync all your banks in one place
  • Quickly add transactions and view reports
    Quickly add transactions and view reports
  • Community Q&A and blog integration
    Community Q&A and blog integration