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Where would you invest your money at 25?

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  #21 (permalink)  
Old 08-11-2020, 02:37 PM
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hey, if you want to make an investment make sure you have the right person or knowledge about it. Visit .finestincity.com they have the best local companies that might help you where you want to invest your money. Hope this helps.

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  #22 (permalink)  
Old 08-11-2020, 02:38 PM
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Hey, you may visit .finestincity.com. They have the best local companies that would surely help you choose the best investment you could have. Hope this helps.

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  #23 (permalink)  
Old 09-11-2020, 11:40 PM
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Anyone any advice?

Currently have about 50K in stocks, 5K in cash
28 years old, no family, no debt, full time employee

My stocks are all SG companies
20K of the 50K is in the STI index itself
thats a very dangerous game as u dont have a safety net. Save up at least 9-12 months or your salary as a buffer in case u lose your job or medical accident...

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  #24 (permalink)  
Old 15-11-2020, 12:18 AM
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thats a very dangerous game as u dont have a safety net. Save up at least 9-12 months or your salary as a buffer in case u lose your job or medical accident...
Yes, you should save up like enough to cover 1 year in case something like covid comes along again and affects you directly.
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  #25 (permalink)  
Old 16-12-2020, 12:14 AM
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In fact, this is a very difficult question that depends on a huge number of different factors. I have thought more than once about investments, but not ordinary ones, but those that are spent in banks for a certain period. Thus, I always know how much I will get in the end. The only problem is that I will not be able to withdraw money ahead of time. But recently I stopped worrying about this, as I learned that there are game apps that pay you. It is thanks to such applications that I always have spare money that can come in handy at any time!
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  #26 (permalink)  
Old 26-12-2020, 11:52 AM
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Default Put them in stocks

At age 25, the safe thing is to save money for your immediate and upcoming life expenses first (wedding, bto etc.)

After you have some runway for all those things, then the next thing would be to consider stock investments. Stocks have historically had the best rate of return over a long time since companies are generally quite productive.

The only thing is to educate yourself and not buy bad stocks for investment. I run a free investment education blog at .humjiinvestor.com for people without finance background to pick up the basics. It touches on all the small things to keep note of before investing.
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  #27 (permalink)  
Old 29-12-2020, 02:48 PM
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Originally Posted by Jnsy View Post
Hi All,

Im 24yo single this year have been working since I was 18.

OA-41K
SA-12K

I am currently drawing a salary of 3.4k , going to complete my uni course in January.

My biggest regret is not saving or investing any money when I was younger ,buying cars and stupid handbags and getting in ridiculous credit card debt.

I Would be debt free in March 2019(study loans and cc loans)

What would you do if you were my 25 with 2k cash every month and 40k OA?
How would you grow your wealth?
Is it even possible to generate 5k passive income ever month in 5 years time?
Please advise, Thank you!
Before you think about investing you better think about saving for an emergency fund equivalent of 1 year of your gross pay. Then save for marriage and save for HDB. Forget about investing as investing carries risk. You might lose your money. People these days talk as if investing is a sure earn money thingy. No such thing.
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  #28 (permalink)  
Old 22-01-2021, 02:11 AM
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Default Currently studying in uni

4k cash
30k in stock and bond
4k in ssb (bought in 2017)

student loan estimate 30k and onwards

when graduate, broke af.

Typical loser sinkie.
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  #29 (permalink)  
Old 22-01-2021, 02:36 PM
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sim uol rocks. NUS thumbs down
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  #30 (permalink)  
Old 25-01-2021, 11:38 AM
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Quote:
Originally Posted by no username View Post
4k cash
30k in stock and bond
4k in ssb (bought in 2017)

student loan estimate 30k and onwards

when graduate, broke af.

Typical loser sinkie.
Why broke?
Juat take the 30k stock and bonds to fully pay off your student loan first. Then you are debt free. Its easier to build wealth if you are debt free. For starters it gives you a choice to choose a job that you want to do rather than a job that pays the most but one that you know will make you miserable juat because you have to pay your loans.
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