facebookI am starting Uni and would like to invest a sum of money (~50k). I am considering buying ETFs and roboinvestors. I want a very passive strategy and I am thinking of putting everything in roboinvestors. Any advice? - Seedly

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Anonymous

17 Jun 2020

General Investing

I am starting Uni and would like to invest a sum of money (~50k). I am considering buying ETFs and roboinvestors. I want a very passive strategy and I am thinking of putting everything in roboinvestors. Any advice?

Background:

  • 21 y/o
  • no debt
  • no need for student loans; have a yearly allowance from scholarship
  • have insurance
  • not planning to buy car in the future
  • planning to grow this sum for my house
  • have CDP and FSMone (no investments yet)
  • already have ~4k in Stashaway
  • have ~7k in CPF

Basically, what is the most passive strategy (need not monitor regularly) to generate stable income that can leverage on my money early (~50k). Also, should I be concerned with my CPF at this stage?

Discussion (1)

What are your thoughts?

Better do it yourself, because it is cheaper and all in your own hand. you could also be doing both however.

https://seedly.sg/questions/what-is-your-genera...

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