Hi everyone, I'm 33 this year, just started on my investment journey. I have no knowledge on investments. Any advice?

I have recently started on Roboadvisor. My plan is to start with $1000 for SA and Syfe, and DCA $500 every month, for long term. I plan to use Syfe only for REIT portfolio while SA will be ETF portfolio (currently at 14% risk preference).

On top of this, I have about $30,000 spare cash (after taking into account 12 months of emergency funds), how should I go about investing this amount? I'm looking into endowment plans, as well as S&P 500 (I think Robo covers this?), STI 500 etc.

Thank you!

Discussion (10)

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Khairudin Ali

19 Oct 2020

Hi,

If one has no knowledge of driving a car, accident is prone to happen and which will eventually will happen.

Same goes to investing. If you have no knowledge, please do your due diligence to learn. No one will manage your money except yourself because no one in this world would help you get rich. Why should they help you in the first place?. So, learn before you do stupid mistakes.

Happy Investing!

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Syfe

16 Oct 2020

Hello! Kudos on starting your investment journey. First up, it's great that you're planning to invest regularly. In addition to what you've outlined, you may also want to consider a core satellite investing strategy for your spare cash.

Typically, your core should be a portfolio diversified across asset classes, geographies and sectors.

Your satellites are investments that typically carry more risk than the core, but also offer the opportunity for outperformance e.g. funds that carry certain investment styles or sectors.

On that point, you may want to consider Syfe REIT+ and Equity100 as your satellites. You get Singapore real estate exposure with REIT+, and you'll be 100% invested in growth stocks the likes of Amazon, Apple, Microsoft and more with Equity100.

One strategy that BudgetBabe highlighted in her Syfe review is to split your funds this way - 50% in a globally diversified portfolio, 30% in REIT+, and 20% in Equity100.

If you're interested to explore more, please feel free to have a chat with our wealth advisors! They'll be able to give you more targeted advice based on your investment goals. Hope this helps :)

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myfinancemarathon

16 Oct 2020

Hi lovegood, congrats on starting your investment journey. Roboadvisor is a good place to start as it required minimum investing knowledge.

For now, you should continue reading up more on investments. You can start off by researching the different types of financial products out there.

Don't forget about insurance too as it is also important in your investment journey.

I have written a 4 part series on how to invest. Do take a look here.

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Kristal.AI

13 Oct 2020

Content & Community at Kristal.AI

Hi Anon,

Congratulations on your new investment journey. Starting out might seem daunting at the start but not to worry! Here at kristal.AI, we curate a variety of ETFs suitable for investors who are just starting out, which you may explore more here. There is also a robo-advisory function we offer to retail investors.

We make it accessible for people to try investing as there are no sign up or management fees, it is free up to 50K USD, with no hidden charges whatsoever. Upon sign up, we also will have a Digital RM to assist you in your investment journey, to guide you along.

Hope this eases your journey as a first time investor! Feel free to sign up for an accout at www.kristal.ai, it will take less than 3 minutes via MyInfo :)

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