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Anonymous
What to do with 15K? Invest? Save?
I have about 15K in cash right now and I would love to explore investing options.
I am open to a long horizon of more than >20 years and I'm looking at around 5-7% interest.
Currently, I'm using StashAway contributing 100/month and it has been giving me around 7-8% interest.
I would like liquidity as well, therefore, StashAway seems like a good option for me to get moderate returns at a low risk
Should I put 10K into StashAway or are there other options I can look at?
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Your very longterm horizon makes stock investing a feasible option, very successful in the past.
You can do self directed investion without the help of financial advisors.
You need: a cheap online brokerage account (f.ex. POEMS, FSMone), much reading,
ultra-longterm horizion, an defined emergency fund before investing the rest of your mones, avoiding mutual funds or unit trusts, the concept that global or U.S. long-term passive stock indexing ETFS and maybe S-REIT ETFs can be the most successful investment producs depending on your individual situation.
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Javis Ye
27 Dec 2019
Financial Consultant at Prudential Assurance Company Singapore
You should definitely have liquidity. However, 6 months of your last drawn income should be set asid...
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You can split the money into 6 or 12 portions and continue to put into Stashaway to avoid buying at the peak. I think Stashaway is a good start and you can explore other options from there like DIY your portfolio.