18 Apr 2019
Currently in my first year of work and have been investing 25% of my monthly take-home into POSB invest-saver & bonds (80% into STI ETF , 20% into SSB) and 25% into savings. Looking to diversify out of SG market once it hits $10k. Suggestions?
Hi there! I think what you have now makes sense and is actually a pretty disciplined approach to this.
What I would recommend you to do now is to actually read Jacky's answer here in this question. Let me highlight some parts of it:
His first 2 years of investing:
His hypothetical 2-5th year of investing (not there yet this is my 1st year only)
His hypothetical 5th - 10 year of investing
Hi, in my opinion, i think you want to seek some overseas exposure since u already have 80% in sti index.
There are 3 easy ways.
1) DIY dollarcostaveraging - you can still invest overseas using maybank investment plan to nibble bit by bit (min. 100 every stock i think)
2) you can buy the overseas stocks outright through stock brokerages. Most of them cover US. Can opt for ifast for cheaper comm.
3) invest in mutual funds with global exposure (can see from fundsupermart too)
Hope it helps. Cheers
Read 7 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts