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

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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