HeyAnna administrators What did you do with your first S$10,000?
It might not be too long ago for some but earning and saving your first S$10k is a milestone we should all remember! More importantly...
Do you remember how you managed that? Invest? Splurged on a holiday? Kick-started a small business?
Investment in blue chips (to get consistent streams of dividend) - 50%
Gold - 10%
Cash Flow for Emergency -20%
Splurged on a month long trip in Europe and left the rest in my old-school savings account - wish I started investments early.
Put it in a single premium endowment.
50% in Fixed deposit, Went on a vacation.
I bought some gold for my parents.
I save it, then slowly put in Fixed Deposit, then started my RSP. That first 10K is still very intact and earning compounding interest which gives me dividends.