How to invest SGD $20k?

Assuming you're investing for the long run:

For beginners looking for wealth accumulation, I will recommend starting with Index Investing.

Essentially, indexes are a basket of companies used usually to represent the performance of a country's economy or an industry. For SG, we have the STI and the US has the S&P 500. By investing in funds that track these indexes, when the index moves up, our investments move together with it as well. Since markets tend to trend upwards, your investment should too as well in the long run. The S&P 500 has actually returned a whooping 9.8% since the 1920s per annum!

Between SG and overseas, I would definitely recommend a US index or a global index to start. Both have done well historically compared to the STI and are also much more diversified. You can try the following ETFs:

• CSPX (Irish Domiciled S&P 500 ETF)

• VOO/IVV (US Domiciled S&P 500 ETF)

• IWDA/VWRA (Irish Domiciled Global ETF)

• VEU/VXUS (US Domiciled Global Ex US ETF)

Hope this helps!

If you're not sure which broker to use, you can check out a comparison I did here!