Anonymous
I am only a few months in my career (take home 2800), need some advice on what to do with my savings and salary :)
Hi all, I have only started working a few months back. Take home 2800, have been allocating 30% for monthly expenditure but plan to drop this to 20%. Monthly DCA $300-$400 into robo. I have 10k in AIA investment funds (100% investments, no policies), have 4k in roboadvisors (with monthly dca as mentioned), 2 stocks in moomoo and ~40k savings. What would you do if you were me? I don't know much about investing but open to learn more so just looking for advice/thoughts/resources in general :)
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- Your plan sound alright.
- You need to identify what is the purpose for your investing.
- How much you want to achieved, the timeline and see if the expected returns matches.
- That is why is call personal finance, coz the most important is You.
- For me, i will just buy an ETF with $10k for the start, then DCA, meanwhile learn more about investing.
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Your breakdown sounds legit. But I would also consider investing in your active income ability or career. By increasing your monthly disposable income, you can exponentially accelerate your investing plan.