Guidance needed for extra savings!
 

Hello all.

I have just graduated from NUS (age 25) working with a monthly income of ~4k/mth and also ~2k/mth from giving private tuitions. As I intend to spend only from my tuition earnings, I am looking at a savings upwards of 50k per annum (with bonuses).

What should I do with these savings? Should I save them for future uses like wedding and BTO or should I use them for investment? In addition, since I am quite packed everyday with tuitions and work, I do not have the time to do my research and invest.

Would love to get from guidance from any experts here or maybe share their experience. I am open to suggestions and advice here or privately. I am also hoping to achievement my first million by 35!

of course invest. in such a way that when you need it for BTO or wedding, the securities can be easily liquidated within a timeframe.

consider low risk investments: fixed deposits, bonds, property
medium risk: high dividend stocks, unit trusts
higher risk: invest in startups, or business related activities

Thanks for the advice. However, as I stated previously, I do not really have time for research in investing. In this case should I engage a fund manager instead?

anyone else willing to share? tks in advance!

Invested >$200k in REITs and defensive stocks, yielding >6%pa in distributions/dividends

go for medium risk. If no time to do research, at least go check which stocks provide high dividends. Shares like reits, starhub, singtel, sph, or those glc firms shd be your choice. Accumulate savings and invest in these stocks by lots. Some stocks would offer quarterly dividends, while some provide half-annual or annual dividends.. Do comparison on the total dividends, the share price, initial IPO and recent performance to determine. But nv put all eggs on 1 basket.

Or else, you can try for forex if you wan much higher risk or bonds ( govt bonds) if you go for lower risk. Property can wait till you earn few hundreds of k.

Do you even have time to date? if no then think about what BTO?

ppl already say no time liao, u all still can ask him blindly throw money inside some stocks.

jus go for index funds or etf. that is the simplest strategy with decent returns over the long run (many studies have shown that actively managed funds do not outpeform index funds or etf).

n i dunno how u guys can jus throw out REITs like that. there r so many downsides with limited upside at the moment. n u guys is advising ppl who do not have the time to do proper research to park his money there?

All investments come with risk, even the safest ones. This means you may LOSE money.

Since you will need the money quite soon, I suggest you put it in a time deposit or with the CIMB savings account which pays 0.8%. If you have a few hours a month, you can explore OCBC 360 which pays 3.05% on $50k. This way, you will not lose money.

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