facebookHi guys I have a large sum of cash sitting on the bank. I am planning to start investing but unsure how to built my portfolio. Do you know any private investment advisor fee based to recommend ?tnx? - Seedly

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Bob Marley

13 Oct 2020

Career

Hi guys I have a large sum of cash sitting on the bank. I am planning to start investing but unsure how to built my portfolio. Do you know any private investment advisor fee based to recommend ?tnx?

Private investment advisor , building portfolio

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Depending on how much cash you currently have and what your financial goals are (retirement? housing? passive income?) you can plan to divide your investments up into different assets by %. It might help to have an advisor do that with you; or you could invest via a Stashaway or other robo-advisor which will automatically allocate money to different investments based on your risk appetite (this will also be cheaper than engaging a specialist advisor 1-1).

Once you have some target % in mind, this will then tell you how much money you have to go out and buy shares, for example.

I wrote a short piece on how I think about my own portfolio allocation, here.

https://stocktake11.wordpress.com/2020/10/13/po...

If you have a sufficiently large amount in the bank, you can qualify for private banking with a wealth manager to assist and advise you. The minimum qualifying amount differs with each bank.

If you are falling short of that amount by a significant bit, then it would be best to invest yourself, either DIY or utilising platforms such as roboadvisors.

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