Optimal Order of Investing: Your Financial Roadmap

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  • เผยแพร่เมื่อ 15 มิ.ย. 2024
  • We often hear of people jumping straight into the stock market when they first learn how to invest. But in reality, there's an 'optimal order' of investing your money -- and stocks should only come in much later. In this episode, we share what we think is the best order of investing for Singaporeans, and why you need to go through each step one by one before you actually invest in the stock market.
    Singapore Basic Financial Planning Guide: www.mas.gov.sg/-/media/mas-me...
    #Investing #FinancialPlanning #MoneyManagement #Savings #Insurance #CPF #Debt #Stocks
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    • How To Invest And Make...
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    00:00 Introduction
    00:53 Savings
    03:44 High-interest debt
    06:37 Protection
    09:40 CPF
    12:45 Stocks
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ความคิดเห็น • 18

  • @blimkl
    @blimkl 8 หลายเดือนก่อน

    Another great video guys!! Good job!

  • @AhmadZul
    @AhmadZul 8 หลายเดือนก่อน +3

    This is very good discussion.👍 Settle important thing first and take your time before rushing into medium and high risk investment. no need to rush. ☺I hope someone told me about this when I started (instead of rushing into stock 😅). or maybe someone did, and I should have listened~

  • @huanhooichan7836
    @huanhooichan7836 8 หลายเดือนก่อน

    SRS can be an option too (those working in SG) 😊
    At the minimum can help to save tax. After invidual is savvy with stocks, he/she naturally knows how to manage/invest their SRS.

    • @TheFifthPersonChannel
      @TheFifthPersonChannel  8 หลายเดือนก่อน

      Yes, SRS is a useful tool especially for those with higher taxes.

  • @andylee6788
    @andylee6788 8 หลายเดือนก่อน

    Never really understood the prioritisation of having 6-12 months savings over/before paying off high interest debt. The savings are meant to help avoid high interest debt, whilst yielding nominal interest. However, if you already have high interest debt, surely the best thing is to throw all excess savings immediately into paying it off (guaranteed circa 30% return in avoided interest charges, dependent on credit card of course).

    • @TheFifthPersonChannel
      @TheFifthPersonChannel  7 หลายเดือนก่อน +1

      Having zero savings would be quite nerve-racking too! But yes, you could prpbably save 1-2 months of expenses first as a buffer, then pay off your high-interest debt as much as you can. As your debt goes down, you can build up your savings in tandem.

  • @taeyeonist1462
    @taeyeonist1462 8 หลายเดือนก่อน +1

    not putting a cent in cpf above what is compulsory….

    • @thespacejedi
      @thespacejedi 4 หลายเดือนก่อน

      stay middle class

  • @user-ff2kd8ex8g
    @user-ff2kd8ex8g 8 หลายเดือนก่อน

    Perhaps it might be better to pay off the high interest loans, credit cards etc first, rather than building up the emergency pile? I feel that the high interest loans are like leaks in a boat, as you're straining to bail out the water, it's still leaking in. Once you've patched up the leaks, then it'll be easier to build the emergency funds.

    • @TheFifthPersonChannel
      @TheFifthPersonChannel  8 หลายเดือนก่อน

      Yes, you could do that. Although it'll be a little risky; always good to have standby cash just in case!

    • @thespacejedi
      @thespacejedi 4 หลายเดือนก่อน

      ​@@TheFifthPersonChannel emergency savings are meant for rainy days, and high interest debt arguably qualifies as a rainy day

  • @samc1920
    @samc1920 7 หลายเดือนก่อน

    What about property?

    • @TheFifthPersonChannel
      @TheFifthPersonChannel  7 หลายเดือนก่อน

      If it's an investment property, then it's the final step like stocks. If you need a place to stay, then that's entirely different.

  • @Koekie5616
    @Koekie5616 7 หลายเดือนก่อน

    When i mentioned CPF to my friends, they were kinda sceptical 😂

  • @aungnaylin9787
    @aungnaylin9787 4 หลายเดือนก่อน