How long I should keep my money in StashAway and StashAway Simple? After hearing good reviews on StashAway, I put 1k each into General Investing, Income, and then lastly StashAway Simple, not knowing what are they actually. Any advice?
Or any advice if I should continue to invest little amount per month into any of the account? To be honest I'm not very good at investment now but I wanna try.. Now I’m a bit worried if my 3k is going to go down the drain!
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General investing - like normal investing to ETFs depend on risk level.
Income investing - mostly reits & bond to generate dividend
Simple- more like saving using money market fund
Just cont. DCA. Min. timeline is 10years
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For at least 5 years to ride out the peaks and troughs of the market.. And yes definitely continue t...
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General Investing refers to investing into ETFs that will depend on your risk life.
Income investing refers to investing into local markets. Which i will suggest not to invest into income investing, as it's local market = good dividends. To get good dividends, it's better to have more / high capital. Which clearly 1K isn't enough. Hence, i will suggest you to grow your capital first.
As for simple, it's basically some money market fund, which gives returns not more than 2%?
Just have one or two portfolio.. then focus on it.