Came across this at work while having a nice cup of coffee to throw the bad feelings on the first monday morning of the year.
http://thefinance.sg/2016/01/04/free-ebook-investing-your-first-20000-by-singapore-finance-bloggers/
This is a good book and the suggestions are wonderful. Probably these young & mature investors are way better than my banker or myself or my friends when it comes to personal finance. But when I looked at the details, and surprisingly one thing is missing. So the gist of the book is to invest 20K and have some brain dumps.
* you have 20,000 which you do not need for a long time
* No debts and no emergency needs.
Most of the bloggers ended up recommending investing in Index funds or REITs. I am surprised that not even a single soul thought of recommending CPF which is probably the best 'fund' for us according to CNBC
http://www.cnbc.com/2015/12/30/singapores-cpf-saving-plan-beat-markets-in-2015-with-steady-returns.html
If one were to start at 25, and by simply putting 20,000 in CPF and getting a 4%-5% interest would turn this in to 80,000 after 35 years which would be quite sufficient to cover the Medisave :)
Furthermore, there is no headache of worrying about index funds or REIT out of world asset valuations.
http://thefinance.sg/2016/01/04/free-ebook-investing-your-first-20000-by-singapore-finance-bloggers/
This is a good book and the suggestions are wonderful. Probably these young & mature investors are way better than my banker or myself or my friends when it comes to personal finance. But when I looked at the details, and surprisingly one thing is missing. So the gist of the book is to invest 20K and have some brain dumps.
* you have 20,000 which you do not need for a long time
* No debts and no emergency needs.
Most of the bloggers ended up recommending investing in Index funds or REITs. I am surprised that not even a single soul thought of recommending CPF which is probably the best 'fund' for us according to CNBC
http://www.cnbc.com/2015/12/30/singapores-cpf-saving-plan-beat-markets-in-2015-with-steady-returns.html
If one were to start at 25, and by simply putting 20,000 in CPF and getting a 4%-5% interest would turn this in to 80,000 after 35 years which would be quite sufficient to cover the Medisave :)
Furthermore, there is no headache of worrying about index funds or REIT out of world asset valuations.
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