How To Grow Your Savings And FIRE | A Chat With Kelvin Learns Investing

Recently, Syfe had a chat with popular YouTuber Kelvin Learns Investing. He shared that he may reach his FIRE (financial independence, retire early) goal of $1 million much sooner than planned and revealed his current stock strategy, which involves shifting away from Tesla!

He also dished out helpful tips for Singaporeans to start their own FIRE journey. Listen to the interview on Spotify, Apple Podcasts or Google Podcasts for full details.

Feeling inspired by Kelvin Learns Investing? Here are some smart ways to maximise your money now.

Save it the smart way

With bank interest rates still relatively low but Singapore inflation at a 10-year high, keeping your cash in the bank is a sure-fire way to lose out to inflation.

One alternative for your savings is Syfe Cash+, a cash management portfolio that offers projected returns of 2.3% p.a. There is no minimum investment amount, no lock-up period, and no withdrawal fees. 

There’s also the flexibility of withdrawing funds at any time. With the new same-day feature, you will be able to receive your withdrawn proceeds on the same day at 7pm, for withdrawals submitted before 11:00 am on business days.

Best of all, it’s completely free to use Syfe Cash+.

Invest for your future

If you want higher potential returns, take a leaf out of Kelvin’s book and start investing. Thanks to the power of compounding, the earlier you start investing, the more your money can compound and grow. 

Over time, it would even be possible to start receiving $1,000 in monthly passive income if you prefer a dividend investing strategy.

More growth-oriented? One option to consider is the Syfe Core suite of fully-managed, ready-made portfolios. They give you diversified, global exposure to a broad range of stocks, bonds and commodities. Which Core portfolio – DefensiveBalancedGrowthEquity100 – to select will depend on your risk tolerance, investment goals and time horizon.

For instance, if you have a moderately high risk appetite, you could allocate a greater percentage of your portfolio to higher-risk assets such as stocks, and a smaller percentage to bonds. 

Trade stocks

If you prefer a more self-directed approach to investing – i.e. you’d rather pick your own stocks – you can consider using Syfe Trade, a new brokerage offering from Syfe. Here’s what investors are buying on Syfe Trade.

You get free trades each month and low commissions thereafter. It’s the easy and secure way to invest in US stocks and ETFs!

One unique feature of Syfe Trade is fractional trading, which allows you to put every dollar you have to work. In other words, you can invest as little or as much as you want in a stock. Interested to find out more? Check out a review of Syfe Trade here.

The road to early retirement (FIRE) 

Saving and investing is the true way to build wealth over the long-term. Kelvin Learns Investing recommends a dollar cost averaging strategy to help you get there. As you grow your investments, you may be able to reach FIRE or any other financial goals you have.

If you’re keen to get started, simply download the Syfe app and sign up for an account using Singpass. It takes only three minutes to create your Syfe account and you can transfer funds conveniently using PayNow or FAST.

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