facebook20 years old and enlisting soon. I have saved up a sum of $5,000 for investment and I will be saving up $1,000 every month for DCA/investing purposes. How should I go about my investing journey? - Seedly

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20 years old and enlisting soon. I have saved up a sum of $5,000 for investment and I will be saving up $1,000 every month for DCA/investing purposes. How should I go about my investing journey?

I am considering investing the $5,000 into a stock. Some of the stocks I have been looking at are Facebook, Amazon, Mastercard, Sea Limited.

Next, for the monthly DCA, I am thinking of investing through a Robo-advisor. What are your preferred Robo-advisor? I am thinking of Autowealth, despite the $3,000 min investment. Will Robo-advisors be a superior choice over buying the S&P500 stand alone? If yes, why?

Pls feel free to share any idea or criticize. Thank you in advance :D

Discussion (11)

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Bryan

02 Aug 2020

Data Management & Financial Analytics at EDHEC Business School

Would recommend you to put 5k into a roboadvisor and 1k dca into it every month.

However, more information like your risk appetite, time horizon, preference for control, reward expectation do play a part in making the decision around the instrument for investing.

I personally do buy the tech stocks and manage my own tech portfolio however I do spend time studying the business and reading developments around the industry. However, dumping 5k into a single stock is generally frown upon.

I would think Stashaway with its ERAA (Economic Regime-based Asset Allocation) is one of the more recognised robo-advisor in the market now.
Check out https://seedly.sg/reviews/robo-advisors for more information!​​​

Amelia Yamato Leow

02 Aug 2020

Student Ambassador 20/21 at Seedly

Along with the advice below, you can also try using kristal.AI, which lets you choose / customise yo...

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