Quote:
Originally Posted by Unregistered
6 months of expenses in emergency fund may not be enough. One could take longer than 6 months to get a job esp in times like these. And you don't want to rush into getting a job which you might regret.
Its stupid to invest 50% of your income into equities at such a young age. Too much risk. You could end up with nore losses than gains. All your hard earned money gone. Especially if you get greedy and buy spec stocks. Go with the safe route. Save money first then go into AAA rated bonds and if you have extra allocate not more than 30% of your portfolio into stocks. Don't be like those people who lose hundreds of thousands in stock market only to have to realise losses because you were retrenched and took longer than 6 months to find another job.
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just like the other guy said, what you said pretty stupid.
you are young, just go full YOLO in stock.
there are many safe bets in equity, considering SATS (at current price) and also defensive play like e.g Sheng siong.
if not simply buy into a index like S&P and you will make your money worth 20-30 years later, unless america will be down 20 years later.
nobody know where a stock will go, but think of stocks as a company like they are
the worse thing you can keep is cash, what do you want so much cash for? the value of it depricate every year, if u want to be extremely safe, top up
CPF is a viable option too, you get compound interest.
Worst thing is to keep cash.