Quote:
Originally Posted by Unregistered
Just turned 27 two months ago, M.
Cash $95k
Money also goes into PruWealth $400/month - there’s about $10k stuck there now (bad decision!)
Only $5k invested in stocks currently
$37K in CPF OA
Thinking of how to grow my money faster and not sure where/ what to invest.
Anyone with some sound advice? |
Don't think you should include
CPF OA into your networth calculation. You will never know when the government will change laws to lock it in permanently. Judging by the looks of it pretty soon.
Before talking about investment make sure you have at least the very least, 1 year of your GROSS income saved as emergency fund. Then save for marriage and
HDB. Don't bother about investments until you get all these sorted
Invest in stable assets like etf of bonds. Then DCA in. Don't do stocks from the get go. Only set aside no more than 30% of your portfolio on stocks.