Hi Sifus,

Need some advice on managing my own finances.

I'm 20 years old right now, still a student. Another 2 years before I graduate.
No income, fully depending on family for now.

It's holiday right now so I thought might as well start to plan for future.

I have around 18k of savings. All in FD.
Looking for some alternative investments right now.

Currently I have no goals to acquire anything.
Family has cars, own a small apartment. Enough for living.
I don't see myself the need to purchase any car/property for the next 10 years.
Family cash flow is fine. No burden on me yet.
But still I feel like doing something with that sum of money.
You can't depends on your family your whole life right?
So I might as well start now.


I'm a very risk adverse person, maybe because I'm still a student and with no income. So equity/forex is a no for me.

I'm quite interested in Unit Trusts / Funds.
Bought "Mutual funds for dummies", read it. Not really useful.
IMO they just provide those very general information.

I am actually thinking of investing in bond funds or REITs. Then I'll properly sell it off 5-7 years down the road and invest in other things. Any advice or recommendation on this?

Hmm, thanks for the head up. Will do.

Good piece of advice. Guess I just can't ram into anything straight away.