How Fresh Grad manage money

[tchen003]

Hi all,

I am a fresh grad from a local university.
My father gave me S$50k during my fresh man year and asked me to manage this asset on my own. Well, I was busy studying that time and I just saved this into DBS for fix deposit.

Now fixed deposit date is coming, I finished my studies and signed a S$60k job offer recently.
Reason I tell you this is not to show off how rich my dad is or how much I am earning. I want to plan for the future. I don't want to just open another fixed depoist account and earn a annual interest rate of less than 1%. I want to aim for a rate of 4-5% annually.

My dad lost a lot in stocks in his early years so I am risk averse. Thus I won't go for any too risky advice. I just dun want to let money lose value by saving it in a bank.

Originally Posted by tchen003

Hi all,

I am a fresh grad from a local university.
My father gave me S$50k during my fresh man year and asked me to manage this asset on my own. Well, I was busy studying that time and I just saved this into DBS for fix deposit.

Now fixed deposit date is coming, I finished my studies and signed a S$60k job offer recently.
Reason I tell you this is not to show off how rich my dad is or how much I am earning. I want to plan for the future. I don't want to just open another fixed depoist account and earn a annual interest rate of less than 1%. I want to aim for a rate of 4-5% annually.

My dad lost a lot in stocks in his early years so I am risk averse. Thus I won't go for any too risky advice. I just dun want to let money lose value by saving it in a bank.

Unless u have a lot of money that can buy a property and rent out to collect to rental fee. If not, U really have to invest in stock and invest for long term.