What to do with 2k

[virtualfullstop]

Hello guys,

I am a dip graduate waiting to go NS.

Worked a few months as a temp and now have some cash (2k).

I know it's not a lot. But just wanna ask whether there's any ways for me to use this 2k to invest or something.

Thanks in advance!

[Husky]

Originally Posted by virtualfullstop

Hello guys,

I am a dip graduate waiting to go NS.

Worked a few months as a temp and now have some cash (2k).

I know it's not a lot. But just wanna ask whether there's any ways for me to use this 2k to invest or something.

Thanks in advance!

Er... save it? At your age and life stage (waiting to enter NS), it would be prudent to save some money just for daily cash flow. Try to save too when you enter NS. When you ORD, you may or may not get a job immediately, if you don't, the money will tide you over for a while. Also, you will need money to buy working clothes etc...

[virtualfullstop]

Originally Posted by Husky

Er... save it? At your age and life stage (waiting to enter NS), it would be prudent to save some money just for daily cash flow. Try to save too when you enter NS. When you ORD, you may or may not get a job immediately, if you don't, the money will tide you over for a while. Also, you will need money to buy working clothes etc...

I see. Alright, I see your point.

Actually I still have a few years before I enter the working world. NS then Uni for 4 years. Just thinking how I can attempt to do something with my cash rather than leaving it stagnant.

Although saving it for rainy days is a viable option too..

Any other suggestions? Don't mind just hearing them out.

[Husky]

Hmm... something for your reading pleasure.

Investment FAQ | HSBC Singapore

Nope. I am not from HSBC. I am not even in the financial industry and is probably not the best person to ask if you need more detailed information.

[Hermit]

buy some gold... like our grandparents.

and check back at this forum 1 year later.

[Ryan002]

You should probably save it. Once you get up to 5k, invest it. If you don't know how to invest, I suggest a 3 or 5 year fixed deposit. While the interest still won't beat the inflation rate, you will at least get 0.4% instead of the standard 0.125%.

Good luck!