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Where Will You Put 50K?
By My Sweet Retirement  •  August 27, 2020
Where Will You Put 50K? Recently, one of my readers asked if I have SGD 50K right now, how would I diversify it? Like the old saying goes “Never put all the eggs in one basket“. Diversification means that you should allocate your investments among various financial instruments, industries, and other categories based on your available budget. This reduces the risk of losing all your capital in the event the investment suffers a permanent or temporary loss. To diversify, we need to consider our risk appetite. Are you a low risk, medium risk or high risk investor? I consider bonds, fixed deposits, money market funds (unit trusts) and short term endowment plans as low risk financial instruments. Since they are considered as low risk, the returns are also lower. High risk financial products which provide you with higher returns are stocks, Forex and cryptocurrency. There are...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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