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Anonymous
I'm 21 years old and still in university so if I am unable to keep track of the stock market every day, what should I do with my first $10k in? Split it to multiple investments or concentrate on one?
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Victor
24 May 2021
Financial Service Consultant at AIA
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Hello! I'm also in Uni this year!
I think you can opt for monthly deposits in a roboadvisor! There are many roboadvisors like SYFE, Stashaway, etc... Furthermore, roboadvisors are a form of passive investment, meaning you do not need to keep track of the stock market everyday = more time to study!
IMO, it's more advisable to put in a certain amount each month, as opposed to putting $10k at once!
In addition, I hope that this $10k is "excess" cash, meaning you've already set aside money for your daily needs, tuition fees and emergency savings!
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Passive stock indexing etfs
for starters:
MSCI World (VT, LCUW, EUNL, SPPW )
SP500 (VUSA, VOO, IV...
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ETF will be a good choice