Invest Ang Pow Money: What To Do With Your Ang Pow Money This Year

Invest Ang Pow Money: What To Do With Your Ang Pow Money This YearInvest Ang Pow Money: What To Do With Your Ang Pow Money This Year

You should invest your ang pow money every year, even if it’s as low risk low return as a fixed deposit. But don't be boring, try these investments instead.

Yay to another year of being single (unmarried)! This means you get to collect more ang pows and listen to aunties nag you about settling down soon. (Probably because they want to stop giving you ang pows already.)

But that’s fine! Just grin and bear it while they ask you inappropriate questions because at the end of the day, you get to go home with a full wallet.

What you should be doing every year with that full wallet, instead of spending the cash, is to pay off your debts, then invest the money!

If you’ve paid off all your debt and you’re hoping to invest ang pow money into something lucrative this year, you’re already in a good place.

Make your money work for you.

Invest ang pow money into these investments this year:

1. Start investing in the stock market

invest ang pow money

Whoa, whoa, whoa! Isn’t that a huge leap? For first-time investors, this task may sound daunting and scary, even. Why put my money into something so risky and potentially lose it all rather than keep it in the bank? Read this article on investing in stocks for beginners to get started.

You have to start somewhere especially if you want your money to grow. Plus, we’re not suggesting you dump all your money in stocks. Every good portfolio is balanced with low and high risk investments!

2. Invest in your retirement plan

invest ang pow money

There is no such thing as starting too early to save for retirement. Do not rely on just your CPF savings for retirement. In fact, you should start looking into a Supplementary Retirement Scheme as extra savings as well as consider some deferred annuity products to add on to a cushy retirement plan.

3. Consider peer-to-peer lending

invest ang pow money

Try peer-to-peer lending as an investment if you’re skeptical about other investments. At least you will be choosing something to back that you’re really passionate about and truly believe in. You, as an investor, can lend money to businesses who need to raise funds, and get returns based on interest rates when borrowers repay the loans.

4. Property

invest ang pow money

Perhaps it is finally time for you to consider investing in property! Okay, so your ang pow money isn’t going to be able to buy you your property (unless your parents give out ang pows in the hundreds of thousands). But you will be able to start a fund for yourself to buy that property in the future. Start it early so you can buy your property sooner rather than later.

5. Invest in yourself

invest ang pow money

Investing isn’t always about seeing monetary gains over time. Sometimes, you need to invest in yourself. Take up a class or a skill, buy books to gain knowledge, spend money on improving yourself. Sometimes, investing in yourself IS the best way to see more monetary gains in the future.


What will you be doing to invest ang pow money this year? Let us know in the comments.

Read more CNY related stories here.

CNY Ang Pow Guide 2018: How Much To Give This Year

8 Auspicious Tips To Enjoy Chinese New Year Without Breaking The Bank

Dog Year 2018: Money Predictions For The Dog Year

Got a parenting concern? Read articles or ask away and get instant answers on our app. Download theAsianparent Community on iOS or Android now!

Written by

Sarah Voon