facebookCurrently a freshman in poly, have saved about 150k. currently in scb jumpstart, dash easyearn, singlife, gigantiq. How should i invest? Better to lump sum or dca? thinking to invest all into tesla? - Seedly

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Anonymous

18 Nov 2020

βˆ™

Stocks

Currently a freshman in poly, have saved about 150k. currently in scb jumpstart, dash easyearn, singlife, gigantiq. How should i invest? Better to lump sum or dca? thinking to invest all into tesla?

Discussion (7)

What are your thoughts?

Benson Ng

Benson Ng

18 Nov 2020

Level 5Β·Financial Advisory Consultant at Phillip Securities Pte Ltd

Great savings you have there as a poly student! πŸ‘πŸΌ However, you may want to consider diversifying your investments. Do let me know if you need more info and help. 😊

One good book on stock investments will be The Intelligent Investor by Benjamin Graham. You can read during your free time.

Wow, I think that thought process is a little scary... From what you shared I assume you do not have any investments, just funds in different fixed income accounts?

I think it is wiser to learn more about investing first and speak to a financial advisor about investing. A safer way to start would be via passive investing ... DCA into a broad market index rather than an individual stock that is high volatile in nature. (High beta)

How risk-averse are you? Can you take a 20-30% paper loss? Or if you are able to lose 100% of it and...

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