06 Jul 2020
Of course, this is after taking into consideration that I’ll definitely still have to do my own research, as well as set aside an emergency fund!
Any advice would be much appreciated, thank you!
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When You're ready to do Your own research,
You could easily mange everything without
any RSP all by Yourself.
Yu could read this primer, particularly to read what not to do:
And then there are two excellent books, maybe being the only 2 books
You need to read ever on investing:
Burton G. Malkiel: A Random Walk Down Wall Street
and even better (You could use Google Translate)
Gerd Kommer: Souverän investieren mit Indexfonds und ETFs: Wie Privatanleger das Spiel gegen die Finanzbranche gewinnen
But think for Yourself and avoid the following recommendations of both authors:
index funds (stay with passive indexing ETFs instead), commodities, emerging markets, single stocks.
Have you considered investing with StashAway? It's a robo-adviser that also allows for monthly deposits like a RSP, plus it invests in overseas assets allowing you to diversify your investments further.
Sign up with my link and we'll both get up to $10,000 SGD managed for free for 6 months! https://www.stashaway.sg/referrals/zhengm6zx4
Some of the low cost RSP you can consider are STI ETF (DBS or FSMOne), MBH (FSMOne), VT (FSMOne), IVV (FSMOne). These are the brokers that im using and they are quite good as the transaction cost is low.
The more popular funds are the spdr sti etf or nikko am sti etf. Both invest in the straits times index which consist of the 30 largest companies in Singapore.
15 Nov 2019
Community Evangelist at Kristal.AI
The first step of your investment journey would be to read up and understand what investi...
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