Hello everyone, I am currently a 3rd-yr college student. I am a very thrifty student and lived frugally ever since. So, I managed to save around 250-300k (including scholarships etc.), which is currently sitting in my bank account.
Now that the economy is getting worse, I am planning to withdraw all of my savings and put it in my MP2 that I opened recently to somehow fight inflation.
Question:
Is it smart to put all of my savings immediately in MP2? Knowing that it has a 5yr lockdown?
Or
Diversify my savings and put some in digital banks and invest in stocks (currently doing my own research abt it)
PS: With regards to EF, my mom said that I didn't need one yet since she told me that she still pays all of my expenses (not sure if she's correct on this take though). Another thing is that if I were to use it in investing on skills, I don't think I can do that right now since I'm still busy with college works.
Thank you all and I appreciate the insightful feedbacks!