Where do invest for 30 K saving
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Seancannot: I just emailed you an example of alternative investment.
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Sean: how did you decide to invest? share your thoughts
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a) If you are still paying loans that has an effect higher than your intended investment (e.g fixed deposit etc.), might as well use some of the money (maybe 10k) to reduce your debt.Originally posted by seancannot:Dear Forumers
Dun laugh at me at this ripe old age, my life saving is a mere 30 K.... u see i had had some disatrous investment in shares a few years ago which wiped 30 K off my saving.
Ok.. instead of letting the money rot in saving accoount ... can i have anyone frank and unbiased opinon on wat sort of investment can I park my money in.
So at least I can have some higher return.. anyone heard of indices trading.. i was offered this option to invest ... by one of my classmate... he said he is acheiving a 15 % rate of return per quarter . .too good to be true rite???
b) Investment in stock is not all bad. If you are not a day trader, you might want to use 10K to invest in good dividend stock like SPH, and Comfortdelgro.
c) You might also wanna invest around 10K in higher risk stock to generate higher returns.
d) If you have no debt, just keep the balance 10K in the bank.
This is what I will do if I am in your shoe. -
I have a private financial advisor who manages my finances. I pay about 1.5k per year for his services, plus a percentage of the profits I acquire each year. He is supported by a whole team of expert analysts, so the research is much better than what I can do myself.
I have a rather conservative profile...so bonds feature quite prominently in my portfolio. But I have quite a diversified portfolio in more than 15 different investments, covering unit trusts, money markets and equities in energy, healthcare and other sectors. He also consolidated all my life insurance policies (I had more than 5 over the years) and replaced them with a million-dollar policy. I was surprised that I saved quite a bit on premiums with this change. He aslo gave me income tax advice on tax avoidance (not evasion, which is illegal)
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With only $30K?Originally posted by oxford mushroom:I have a private financial advisor who manages my finances. I pay about 1.5k per year for his services, plus a percentage of the profits I acquire each year. He is supported by a whole team of expert analysts, so the research is much better than what I can do myself.
I have a rather conservative profile...so bonds feature quite prominently in my portfolio. But I have quite a diversified portfolio in more than 15 different investments, covering unit trusts, money markets and equities in energy, healthcare and other sectors. He also consolidated all my life insurance policies (I had more than 5 over the years) and replaced them with a million-dollar policy. I was surprised that I saved quite a bit on premiums with this change. He aslo gave me income tax advice on tax avoidance (not evasion, which is illegal)