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Anonymous
Currently i have approx 15% Bonds (SSB), 15% Stocks (DIY), 20% Roboadvisor (Syfe Reits and Equity 100), 10% STI ETF and $10k in Singtel Dash and Endowus each.
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Ngooi Zhi Cheng
31 Aug 2021
Student Ambassador 2020/21 at Seedly
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Depends on your goals & risk tolerances. If you’ve got your emergency funds & insurance covered & you don’t forsee yourself needing that $10k for big ticket items in the near future, then yes definitely you should make that money work for you & not leave it idle!
I would suggest you consider to increase your exposure to the US market. You don’t have to make individual stock picks and actually I would recommend you put that amount in ETFs instead, which is basically a basket of stocks tracking an index. That’s what the robos you’re investing in is doing too, but by DIY-ing it will be cheaper (fees) & you’ll also have the freedom to choose your own ETFs. The most popular index is the S&P500 & eg. of ETFs tracking the S&P500 would be VOO/CSPX.
If you’ll like something more broad-based, you can consider VT/VWRA that tracks the world index. There are also thematic & sector-based ETFs eg if you believe in the potential of the tech & want specific exposure to the tech space, there are ETFs like QQQ/QQQM/KWEB (China).
You don’t have to pick just one ETF, you can always split that $10k to be put into 2-3 ETFs and then lump sum/DCA that amount.
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If you don't forsee yourself needing the $10k in the upcoming years and have a sufficient emergency ...
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Hi, assuming that you have your emergency funds set up, lump sum will beat dollar cost averaging 2/3 of the time.
https://static.twentyoverten.com/5980d16bbfb1c9...
However this really depends on how much risk you are willing to tolerate and how much conviction you have in a particular investment.
I think an usual investment into a fund should be suitable for the risk profile stated. But more will have to be discussed to understand your situation a little better.