Endowus / Tiger Broker / OCBC BCIP
Hello! I’m 25 years old and just started the path to investment. I currently have the following and would like to find if I’m on the right track:
1. Endowus - cash investment. 21% risk tolerance. Monthly contribution of $100.
2. Tiger Broker - has 7 holdings. Capital of 900 USD and risk contribution is general.
3. OCBC BCIP - Nikko Singapore ETF (G3B). Monthly contribution of $200.
$300 sits well to my 10% contribution from my salary. Does anyone have suggestion to improve the above? Thanks!
Strongly recommend to NOT DCA into STI ETF. What is your logic in DCA into it? For growth or for dividend? We all know how cui STI growth is. For dividend, might as well go directly with the STI component counter themselves. You have better return DCA into the 3 big banks and REITs.
If I were you, I would DCA into S&P500 ETF like SPY. It pays out insignifant amount of dividend, with 30% WHT somemore, but inside the basket got so many world changing companies. The potential for growth is just unlimited. STI ETF really makes no sense from many standpoint.
And at your age, unless you are blessed with a huge capital, dividend investing is not likely to do much to your portfolio. You should capitalize on the time you have on your hand and maximize growth.
Contrary to what other have mentioned, I think the STI ETF is a good starting point with no fx risk and has home base advantage. Once you are comfortable with it, you can start looking elsewhere or even picking out some of the better stocks within the STI ETF.
Due to your young age, you can afford to allocate more to equities and little or none to bonds. Alternatively you can treat CPF as bonds but the downside is that you will not be able to touch the money until retirement or for its eligible purposes (e.g. housing, medical).
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First, I would not buy G3B monthly for your age, STI is mainly focus on bank sector. Slower grow hig...
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