Investing your savings - for the young

Hi Mr Tan,

I've just graduated recently. To start planning for my future, I've decided to buy an investment product from a local bank. My projected investment horizon is around 15 years. My risk appetite is low to moderate, and I wish to earn around 5 to 8 % returns on my investment.

I am also looking into foreign currency fixed deposits (FCFD)and in a savings account. I plan to save up to 20% of my income. Some doubts in mind are:

1) Is the rate of returns of 5 to 8% achieveable? Or am I paying too much fees for these funds?

2) Is such spreading of my savings sufficient? I am contributing S$100 per month into this investment product, another S$100 in a savings plan and some money in FCFD.

REPLY
I suggest that you avoid a regular premium ILP as it has high charges.
Read this FAQ:
http://www.tankinlian.com/faq/ilp.html

I hope that this FAQ will give you a better idea on how to invest your savings.
http://www.tankinlian.com/faq/savings.html