firstly this 2k...issit ur emergency fund?
its a guideline to have to least 3-6mths of ur mthly salary as
ur emergency fund. e.g jobless, hospitalized etc.
if not then good..can go invest lor..although its...still not
alot..
since u still young e time horizon is longer..can go up to
equities..
bonds are less risky, but lesser returns, equties being e most
risky but highest returns...however some funds need at least 5k as
a min sum.
TMD rates are v low..no point to put in there, cos its losing
money..nowadays, although best rates, its still below 2%....whereas
our inflation rate is, 6.6%
if u are not protected (insurance) then can use this money to
start buying some cover...alternatively..u can go for savings plan,
shorter term, at least higher returns than TMD. or save more money,
look out for structured deposits offers (capital protected
feature)..
for now..i'd rather use CPF savings to do investments..but, take
note of the min. sum of 20K in both OA n SA acct..
