He prefers to keep his savings in a standard POSB kids' account, finding satisfaction in observing the numbers increase over time
Singaporean man earning S$3K/month says he doesn’t want to invest his savings because investing is “only for the rich”
When he asked his friend about his finances, his friend disclosed that he prefers to keep his savings in a standard POSB kids’ account, finding satisfaction in observing the numbers increase over time. One Redditor asked him, “Can you take responsibility if global markets tank 90% and they panicked and sell? Or if it doesn’t recover? Don’t think investing in an extremely diversified ETF will give you no risk.”
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