29 Jun 2021
Realise the price seems stagnant.. but there may be other factors that i should consider to invest SG stock?
I started the same age as you recently, I'm too 28.
Based on research, self study and consult people who invested quite a numerous of years, there's no right or wrong about your decision on your portfolio. However, whatever you decide it must have a reason and a end goal.
Best way to find out what you want is to pen down a paper or type it out on microsoft word.
You got to ask yourself what is your purpose for investing, some questions you could consider would be as follows
• Reason of investing?
• End goal (Early retirement, Financial Independence, out grow inflation and etc)?
• Are you a trader or investor?
• What is your risk appetite?
• If market fall to a certain percentage would you panic?
• SG or US stock market or both (find out the ratio that suit you)?
• Invest for dividend or growth of wealth (with risk)?
- SG market mainly for dividend (simplified understanding)
- US market mainly for growth of wealth (simplified understanding)
• Shares or ETF?
• How you justify the fundamental company is a good investment?
On top of all this, it's important to have a basic fundamental on personal finance. Plan your monthly allocation for Bills/Expenses/Need/Saving, saving is a must and try to avoid investing your saving. Unless you indeed know what you're doing, then by all means, you do you :)
Once you have a clear pace on your goals and your invest/trading concept, you can ask yourself would you do DCA or lump sum or both.
And follow on searching the best brokerage that suits you.
An example, I selected Tiger Brokers (TB) and Syfe. I'm doing lump sum investment and DCA. Because I only buy shares once a month, hence TB platform and trading fee is one of the lowest and most suitable for me.
Remember either you plan ahead or else you plan to fail.
All the best for investment journey 🐱
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I started out 100% SG stocks but now I'm 100% US stocks (excluding crypto). To me, Sg stocks are a great way to kickstart your investment journey with safer assets like REITs that are easier to value. But once you accumulate enough experience and understand how the market works, then it'll be time to consider transitioning to US stocks where growth is. But of course, the other factors to consider would be your other priorities in life such as passive income, stability etc that SG stocks can offer you
I started with SG stocks and regret it. You are still young. Aim for growth and allocate to 100% US ...
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