TWS Index (May 2023)
Over the years, we’ve been getting tons of DMs asking us for recommendations on where to put your money.
Here’s the bad news:
We can’t tell you exactly where to put your money in, because everyone has different needs, investment amounts and philosophies.
Here’s the good news:
We’ve come up with a tool so you can calculate what works best for you. To start, input your take-home salary below, and click on the options to find out more.
Key in your monthly take-home salary (after CPF contribution)
|Where to stash your emergency savings?||Options|
|Bank High Yield Savings Account||High liquidity, 1 - 3% interest|
|Insurance Savings Plans (without lock-ins)||Mid - high liquidity, 1 - 2% interest|
|Robo Advisor Cash Management||Mid - high liquidity, up to 5% interest|
|Singapore Savings Bonds||Liquid, safe returns|
If you have no time for the above,
We also created an archetype of ‘the average person’, which will be a ‘one-size-fits-most’ recommendation. So if you have no time, you can just look at that. This is a work in progress, so we will constantly add new product classes in the future.
Who the ‘average person’ is
Monthly gross salary (including employer + employee CPF contributions): $4,680
Monthly take-home salary: $3,200
Emergency savings: $20,000
Where they can consider putting their emergency savings ($20,000) into:
High Yield Savings Account:
SCB Bonus Saver: $826 annual interest
Robo Advisor Cash Management Option:
- Low risk | MoneyOwl Wise Saver: $780 annual interest
High risk | StashAway Simple™ Plus: $1,000 annual interest
Singapore Savings Bonds (June 2023):
- $562 annual interest
$5,626 interest if held to maturity, 10 years
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