facebookHi, I am 19 year old and had just started investing $200 a month to NIKKO STI ETF. I want to ask about what my next step is? - Seedly

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          Anonymous

          10 Apr 2020

          SeedlyTV

          Hi, I am 19 year old and had just started investing $200 a month to NIKKO STI ETF. I want to ask about what my next step is?

          I come from a rather conservative family so I had saved up quite a bit since I was young. Currently, I maxed out $20000 on my Jumpstart acc and have extra savings in another expense FRANK acc. I also have a part time job so I have some income coming in. I have insurance as well.

          I am investing about $200 per month to NIKKO AM STI ETF and I still have around ~$1500 for exploring so should I go for roboadvisors or S&P 500 ETF or continue to read up and save up more capital?

          SeedlyTV S2E02

          3

              Discussion (3)

              What are your thoughts?

              Hmmm I'd say learn how to pick individual stocks rather than going for the typical roboadvisor or ETFs. I personally don't like the idea of paying someone a fee to copy the market's returns. I'd much rather put in the effort myself and actually invest in individual stocks!

              For me, I focus on dividend growth investing, which essentially means I pick companies with strong fundamentals, that increase their dividends year on year. I like it because it is similar to getting a pay raise, for absolutely doing nothing ! Doesn't that sound great?

              For the amount of capital you should have before investing, i'd say $500? Just enough so that the commissions wont take out a huge % of your gains!!

              I have a website that you can check out, where I share stock analyses as well as investing articles to help you learn more !

              https://sgstockmarketinvestor.com/

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