rukawa

Any investment I can make with the 5k in my savings to get more income?

Is tabulating in stocks worth ?

Any kind souls can enlighten me with this, thanks alot

Leocravensky

A few things u can do, ILP, unit trust, fix deposit, structured deposits.

Stocks with 5000... not too sure, maybe lautouzhi will know best.

Leo~
Blog : leoandsong.blogspot.com

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Hirakawa

Use your 5000 to buy something cheap that can sell high.

monkeybusiness

Is structured deposit really a good investment?
As far as i know, many people are advising against the idea of SD.

monkeybusiness

If the threadstarter is risk-adverse, then probably can try out Treasury Bills, although the returns for the past few weeks don't seem to be that attractive.

djchris

Do a risk profile of yourself first before deciding.

If you have not been insured, you may want to consider getting some insurance first. Personally, I would advise term insurance and whole life policies over investment-linked policies.

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davidkwankk

mayb u need 2 ask wat returns u like 2 haf wz ur $5000 n how much u think u need for that returns....
also do ur risk/returns profile....

once u noe more about urself n ur objectives, then look at the diff products to act as tools 2 work out 4 u.... it will b best 2 get a professional 2 work tat out 4 u....

rinoakoh

Do not invest until u do research.
Do not jump into investment that u do not know anything about.
Do not listen to people who are not in charge of ur money, coz its not theirs anyway.
While u are still clueless, u can open an investment account n dump inside to get 2% pa return just by doing nothing inside the account.

Last but not least do your own research.

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Shazwi

futures lol.... 5000 can get u more

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abcy8

I agree with rinoakoh. 5K alone can't really allow you to invest much anyway, better to dump it into investment account and earn about 2% pa while you continue to accumulate more capital and do further research.

stevetan

Do some study first and decide your risk factor.

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Already started monthly passive income in just three months. :love4:


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rukawa

What is an investment account, can you kindly explain it to me? I kind of agree 5k is very little and maybe 10k would be somehow sufficient to invest.

abcy8

An example of what I mean by investment account is a cash management POEMS account.
Another example is Fundsupermart account.
These type of account earns interest on the balance, the interest earned tends to be higher than a bank savings account.

monkeybusiness

start off with a small capital first and if you make profit from it, then slowly increase your capital.

If you can't make a profit with 5k, do you think you can make a profit with 10k?

rinoakoh

I hope I did not mislead u into thinking that 5k is too small to invest! Totally opposite!

5k is not too little, I teach my brother (currently in NS) to use investment as a savings vehicle, by starting at $250 per month (more than 50% of his allowance leh)

I'm sure everyone knows this investment method as dollar-averaging. (Market good or bad does not affect him that much)

But he did not invest by himself cos he is clueless, but he trusted me to do the investment for him by buying Unit Trust. From NS start till date (about 8 mths), he had saved $2.7k plus profit.

Can u compare his method to your method of saving into a bank n get 0.3%pa interest and can't even see the any gain, much less $700 profit in 8 mths?

He did the right thing to invest, even starting @$250 /mth also no problem. Much less your 5k???

However, before he can do the invest, he researched, not the Unit trust market, but by seeing me gaining profits over the years n he believed I am a good "Unit trust" to invest in

So moral of the story is, do your research, but I'm teaching u how to make your "lazy" money earn profit by opening a FREE investment account
(btw, only fundsupermart is giving that 2%, POEMS only 1.8%pa unless u got lots of money lar, can negitotiate higher interest.
So u see the more money u have the more money u get?)

So even if u take months n years to start the actual investment, u still dun lose out
Most importantly is still RESEARCH.

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rinoakoh

Like to add :

Dun listen to tom dick n harry abt investing this fund or that fund.
If they really that good, they will be rich already. Why would private investor share?

I know I wouldn't tell u what winning funds to buy

There is a saying I heard somewhere "When even the street shoe-polishing boy knows how to talk about stocks n shares, this is the time to get out of the market fast"

The stock market is like this, someone saw someone or someone's fren already bought certain winning funds, he also never reasearch blur blur go n join in the fun, not knowing that he/she already missed out of the buying opportunity n he is just someone to be taken advantage of n ended up being left there high n dry.

But surprisingly, when market is so cheap, yet nobody dare to sweep those discounted prospective funds.

To me, researching investment is about studying human, its environment, its raw materials

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rukawa

Thanks alot for the advice rinoa, but sorry to say, I have absolutely no clue on unit trusts although I do heard them quite alot of times.

So are unit trusts like stocks where they will increase or decrease in value?

Ok, take for example I invest $250 dollars into it, are there any risk of losing all the money?

Sorry for taking up your time

rinoakoh