What to invest in with the money set to pay for uni assuming I took a tuition fee loan and I Wan to make use of the 0% interest when studying. Length of study is 3 years? - Seedly

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Asked by Anonymous

Asked 2w ago

What to invest in with the money set to pay for uni assuming I took a tuition fee loan and I Wan to make use of the 0% interest when studying. Length of study is 3 years?

Advice needed

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Pat
Pat
Level 4. Prodigy
Updated 2w ago

First, understand that with investing there are risks. It may be possible that at the end of 3 years you may have losses (who knows what the economy will be?). If you can stomach that, then look out for opportunities.

Second, what is your risk level? Low risk - 1-2% per annum via savings accounts (e.g. CIMB, OCBC+), fixed deposits and Singapore Savings Bond. (This ain't rly investing, but max your money.)

Mid risk - Robo-advisors, blue chips, regular savings plan, retail bonds

Higher risk - Choosing your own stocks, P2P lending

I do agree with your stance, but do remember to pay back the loan immediately upon graduation. They have this weird fixed window for you to pay back (i.e. you can't pay back earlier) and past a certain date (idk like 2 weeks after grad?) the interest will kick in. All the best!

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