Anonymous

07 Jun 2019

∙

General Investing

Where should my mom park her 300k?

My mom has 300k of spare cash and is looking for somewhere to park the money instead of a savings account. She is not financially savvy and does not want to lock up her money for too long (I.e. more than 5 years. Is FD the best option for her? If yes, what is a realistic rate we are looking at? If not, what are the other options?

AMA Christopher Tan

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Kenneth Lou

07 Jun 2019

Co-founder at Seedly

For me i would be abit more adventourous and train myself to become a very basic dividends fund manager.

one example would be creating a very simple portfolio of a REIT companies in sg which is diversified enough In different industries.

this returns around 7-9% dividends pa

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Loh Tat Tian

07 Jun 2019

Founder at PolicyWoke (We Buy Insurance Policies)

What age is your mother at now?

Has she reached the FRS amount for CPF?

Is capital guaranteed important to her (which means the money must be able to be used in 5 years time?

Has she put into Singapore Savings Bond already?

Has she explored citigain maxi-savings account?

Does she want to explore Elastiq Etiqa too?

Do let us know more, if not, it really depends.

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Zin Htoo

21 Jan 2019

Financial Services Consultant at AIA

For a person not looking to lock up their money for too long, I believe there are a few options. Fur...

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