Working for close to 2 years

[starfish.starfish]

That's a good way of putting it..
Investing will maximize your returns
But it's really a bit hard to understand for newbs

There's quite a few old birds who will gladly answer your questions. Read and learn from them. Remember everyone started at the same spot as you. You have time on your side, which is the fantastic advantage!

 

[ikilledbarbie]

There's quite a few old birds who will gladly answer your questions. Read and learn from them. Remember everyone started at the same spot as you. You have time on your side, which is the fantastic advantage!

What in your opinion is the easiest investment? It should be the safest as well right?

What wld be the next step after FDs?

 

[Perisher]

What in your opinion is the easiest investment? It should be the safest as well right?

What wld be the next step after FDs?

You heard of DCA index ETF?

It's one of the more volatile investment, more time-tested and a proven long term track record of averaging 8-10% returns per year.

It's easy once you set it up, takes about 1 minute per interval to execute.
The interval can be up to you, it can be every month, every quarter, every 6mth, every year.

If you throw in a STI ETF and a Bond ETF, you reduce your risk/volatility and still get a not bad return.

It is one of the most highly recommended way for investing as a beginner all over the world, and even in this forum.

 

[Pandule]

sianz... I started working for 2.5 years liao.. only managed to save 20k. ( but I paid off my NTU fees of 28K also)

Currently saving like 40% haha.. I eat a lot... trying to save a little bit more now haha

 

[djchris]

sianz... I started working for 2.5 years liao.. only managed to save 20k. ( but I paid off my NTU fees of 28K also)

Currently saving like 40% haha.. I eat a lot... trying to save a little bit more now haha

The fact that you paid off your NTU fees of 28k in 2.5 years is also something to be proud of. I know of people who graduated for many years but are still servicing the minimum payments for the tuition fee loan.

I'm glad I studied a part-time degree while working full-time. Didn't have a real need for a study loan to pay for the course.

 

[reinphd]

sianz... I started working for 2.5 years liao.. only managed to save 20k. ( but I paid off my NTU fees of 28K also)

Currently saving like 40% haha.. I eat a lot... trying to save a little bit more now haha

It is a good start. at least and i hope you're no longer in debt, till the bigger ticket items come along

 

[a.mobile]

sianz... I started working for 2.5 years liao.. only managed to save 20k. ( but I paid off my NTU fees of 28K also)

Currently saving like 40% haha.. I eat a lot... trying to save a little bit more now haha

wah, i think you are doing v well. in 2.5 yrs u can save approx 50k.

i used to save abt 60% of net monthly, after owning a house now is abt 20%.

late 20s abt the total amt you managed in 2.5yrs

 

[okiedokie]

You heard of DCA index ETF?

It's one of the more volatile investment, more time-tested and a proven long term track record of averaging 8-10% returns per year.

It's easy once you set it up, takes about 1 minute per interval to execute.
The interval can be up to you, it can be every month, every quarter, every 6mth, every year.

If you throw in a STI ETF and a Bond ETF, you reduce your risk/volatility and still get a not bad return.

It is one of the most highly recommended way for investing as a beginner all over the world, and even in this forum.

let's say you have a lump sum of 20k

wld you suggest to allocate the entire amt to the index fund or maybe 10k in the first month and slowly spread the remaining balance via dca over the next few months?

 

[Perisher]

let's say you have a lump sum of 20k

wld you suggest to allocate the entire amt to the index fund or maybe 10k in the first month and slowly spread the remaining balance via dca over the next few months?

Safer to go in batch but it's up2u.

 

[donald83]

let's say you have a lump sum of 20k

wld you suggest to allocate the entire amt to the index fund or maybe 10k in the first month and slowly spread the remaining balance via dca over the next few months?

I would first see what price is the index fund trading at. If you think that there is a high upside probability , then just invest into it. I am not a fan of dollar cost averaging. But I will not put all my eggs in one basket so try to see what other funds or stocks out there