Sunday, January 20, 2008

Low risk investment

Dear Mr. Tan,

I learnt from your website from reading mypaper. I'm a nerd when it comes to financial management. Apart from savings account, I know nothing much about investments. I'm not a high risk taker, but would like to know how to go about low-risk investments.

Are there any articles, websites or books to recommend for beginners? I heard that T-bill is a low-risk investment but I've no idea how to go about doing that.

Recently, I've also heard that an insurer is offering a sort of Fixed Deposit, which offers higher interest than banks. Is it trust worthy?

I'm in my mid-30s and wish to invest $50,000 for my retirement or my son's education fund. What is your advice?

REPLY

I suggest that you read this FAQ. It should contain the answers that you need.
http://www.tankinlian.com/faq/savings.html
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3 comments:

Anonymous said...

Visit www.fpas.org.sg and learn about financial planning. You may want to engage a planner from this place.
Learn what you deserve and what you should get from your adviser and not be sold products that don't meet your needs ADEQUATELY, EFFICIENTLY & EFFECTIVELY.
Your protection against an errant adviser from this body is that there is a complain mechanism which you can use to lodge against him or her for misconduct . If found guilty the planner can be struck off the register and barred.

January 20, 2008 9:23 AM
Anonymous said...

If you ask me, you should invest your $50k on your retirement. Education is important but is subordinate to retirement. You can set a separate plan for your son's education funding.
To address your risk averseness you should seek a financial counselor, an honest and competent adviser who can help you with the issue. Don't let your situation hinder you from opportunities out there.
Let me tell you , THERE IS NO SUCH AS RISK FREE and not even SGS which is still subject to inflationary risk.What you think is safe is even riskier.Example ; is fixed deposit safe? Is endowment safe? Today the reported inflation is 6.5%. Is it true? It may be higher.

January 20, 2008 11:05 AM
Anonymous said...

I feel Low risk investment means investing for long term. To my knowledge certain long term investments are fixed deposits, mutual funds and also stock markets.

July 13, 2010 6:35 PM

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