1. Regular Savings
Do you have any idea about what future has got for you?
You can’t leave something as important as your financial future to chance. A regular savings plan will help protect your financial future and help shield you from any unexpected financial distress.
The first saving account should be an emergency fund having a small reserve of at least 5-6 months’ salary.The earlier you start saving, the more you will benefit from the effects of compound interest.
With interest rates in Singapore very low, even the most risk adverse savings plan should provide you with a much higher return than you will get from your bank. A combination of planning and commitment can help you meet your financial goals.
The investment strategy is tailored around you and your tolerance for risk along with considering the Dollar cost averaging as one of the key tool. There is not a one-size-fits-all approach as each individual has their own preferences and goals. I always ensure that when designing your portfolio, you are taking advantage of any possible tax efficiencies whether you’re investing for income or growth.
2. Lump Sum Investment
If you have cash, a prior savings plan, property or shares, a lump sum investment might be the best way to help you achieve your financial goals.
A lump sum investment can offer you investment flexibility, as it can hold investments in shares as well as a wide range of investment options from around the world.
There is range of products available for all levels of investors. I have clients who have invested $10,000 to S$1M plus.
I can help you understand the complexities of the ever-changing financial market and advise you on the best ways to make sure your money is working as hard as it possibly can be.
The discretionary service provided helps to make sure the day-to day managing of the portfolio. It is rebalanced constantly to match your risk profile as it is exposed to range of assets including equities, bonds, funds and ETFs.