I need help from you guys. Right now i am in the military and they are giving me an allowance of 400 bucks. Just started a year ago I have invested in funds ($100/mth) using the dollar cost averaging method and reap a 24% interest. On top of that i have bought a Insurance linked investment which buys into funds as well. Right now only have $2k of liquid cash. Does anyone know how can i maximise my money right now? Not based in US. Will be in the military for 2 years but dun expect the allowance to increase alot (cap. $780)Btw i started when i was 19 yrs old and right now i am 20. I am in Singapore right now. Basically investing in Asia funds

First, congratulations! You are doing terrific. If you are saving $100 a month you are saving 25% of your disposable income and it appears you have found some funds that are doing well.Coupel of things: 1. Do you need the insurance investment account? Typically you want to seperate insurance needs from investment needs. Most advisors tell you to stay away from these products (annuities). If you don't have kids or a wife at this point, you may not have a need for the insurance and you could be looking at putting that money into an investment account rather than an insurance/investment account.2. Make sure your credit cards are paid off. I am guessing that they are.3. Have you looked into a Roth IRA? It is a great place to put tax deferred investment money. The downside is that you cannot take this money out without major penalties and you may still be young enough that you need the money for a car downpayment, house downpayment,etc.4. Your biggest opportunity is going to be when you see the allowance increase. If you can attempt to keep living at the same level that you are at right now, you can put a major portion of that raise into your investment account.Good for you! Don't lend the money to the soldiers in your platoon! If they know you have money they will hit you up aggressively.

Dude please tell me were you are getting 24% intrest as for the insurance investment unless you need the insurance( like you have a spouse or children) you can do better investing your money in mutual funds or index funds the dollar cost averaging is a great consept you sould save a much as you can now PLEASE TELL ME ABOUT THAT 24 % and I will share the rest of my wisdom with you.