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Hello all,
As stated in title, which market should I first invest my spare S$10k into? Assuming I already have my emergency funds set aside.
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I have read articles online, heard from my friends and financial gurus in telegram groups that it is better to do growth investment with my current investment capital. However, I would like to hear what the community views on this matter.
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I am currently serving National Service which pays me about S$800 per month if that helps.
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Maisul
14 Jul 2020
Youtuber at Google (Channel : Say Do Invest)
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MSCI ACWI ETF
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Hey kenny!
I would recommend US stocks because even the likes of a chinese company (alibaba) would like their company to be listed there. In short, what it means is, US market are where the big companies are listed , at least most of them.
I would suggest not to go all in on your 10k and do DCA (dollar cost averaging)
You can buy a mutual fund like IVV or VOO (ticker symbol) which tracks the top 500 companies in US. (So you dont have to squeeze your brains on stock picking)
I also have just stated a youtube channel discussing about stocks, do consider subscribing to my channel! - https://www.youtube.com/channel/UC1zgf-GsD0IG2C...
Youtube Channel : Say Do Invest
I also cover how you can navigate through certain brokerage accounts