Guidance needed for extra savings! - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Guidance needed for extra savings!

Reply
 
Thread Tools
  #1 (permalink)  
Old 26-08-2014, 03:56 PM
Junior Member
 
Join Date: Aug 2014
Posts: 3
rdpd is on a distinguished road
Default 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!

Reply With Quote
  #2 (permalink)  
Old 26-08-2014, 04:31 PM
Unregistered
Guest
 
Posts: n/a
Default

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

Reply With Quote
  #3 (permalink)  
Old 26-08-2014, 05:07 PM
Junior Member
 
Join Date: Aug 2014
Posts: 3
rdpd is on a distinguished road
Default

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?

Quote:
Originally Posted by Unregistered View Post
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

Reply With Quote
  #4 (permalink)  
Old 29-08-2014, 10:07 AM
Junior Member
 
Join Date: Aug 2014
Posts: 3
rdpd is on a distinguished road
Default

anyone else willing to share? tks in advance!
Reply With Quote
  #5 (permalink)  
Old 29-08-2014, 09:31 PM
Unregistered
Guest
 
Posts: n/a
Default

Invested >$200k in REITs and defensive stocks, yielding >6%pa in distributions/dividends
Reply With Quote
  #6 (permalink)  
Old 29-08-2014, 09:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
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.
Reply With Quote

  #7 (permalink)  
Old 18-10-2014, 12:42 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by rdpd View Post
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!
Do you even have time to date? if no then think about what BTO?
Reply With Quote
  #8 (permalink)  
Old 04-11-2014, 10:36 AM
Unregistered
Guest
 
Posts: n/a
Default

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?
Reply With Quote
  #9 (permalink)  
Old 04-11-2014, 11:45 AM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote
  #10 (permalink)  
Old 14-11-2014, 03:29 PM
Junior Member
 
Join Date: Nov 2014
Posts: 2
bethgreene is on a distinguished road
Wink Tax Refund

The government should check if they are collecting the right amount of tax every year. About three-quarters of Americans who filed income taxes got a refund a year ago. The typical refund came out to about $2,800. Most of those Americans said the refund cash would be used in sensible ways. However, other data suggests most of them blew at least some of the money on discretionary things. Do you intend to spend your tax refund, or will you use it wisely? Source for this article: look on the homepage! You should try availing a personal loan right now if you need help with your finances. You will be able to pay your taxes and maybe get some refund if you pay on time.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How much savings do you have? Reporter Investments and Net Worth 1341 24-05-2021 10:36 AM
Calculate how much savings you should already have admin Investments and Net Worth 1 23-03-2014 11:11 PM
Urgent! Full-Time Permanent Trainee bakers needed (No experience needed) Yournextjob Marketplace and Find Work 0 05-02-2013 10:44 AM
Is it worth using $100k of your 3 years savings to get a top class masters overseas? Liverpool Education and Personal Growth 30 27-07-2011 08:36 PM
Not enough savings for retirement Salary.sg Investments and Net Worth 0 14-05-2007 07:59 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
21,014 Replies, 10,329,030 Views
GovTech ( 1 2 3... Last Page)
5,161 Replies, 2,163,434 Views
Career as Teacher ( 1 2 3... Last Page)
10,833 Replies, 6,665,744 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,801 Replies, 1,043,969 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,308 Replies, 4,983,058 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,285 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,563 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,588 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,396 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,369 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,711 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,005 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,770,202 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,454,916 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,113 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,905 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,804 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,017 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,380 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,552 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,182 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,473 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,561 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,454 Views
MX12 reappointed at MX11
8 Replies, 810 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,511 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,069 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,963 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,580 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,279 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:57 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2