Kenny Tan

14 Jul 2020

∙

General Investing

I have a spare cash of S$10k rotting in my bank account. Should I begin my investment journey in US, HK or SG Stocks?

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.
'
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.
'
I am currently serving National Service which pays me about S$800 per month if that helps.

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Maisul

14 Jul 2020

Youtuber at Google (Channel : Say Do Invest)

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

Reply

Save

Frankie Rappaport

13 Jul 2020

MSCI ACWI ETF

Reply

Save

View 2 replies

Write your thoughts

Related Posts

I have a HK bank account but reside in SG. What platform(s) can i invest in using my cash in my HK bank account? Should i move over my HKD over to a multi-currency account in SG instead?

I have a US bank account but reside in SG. What platform(s) do I trade in US stocks with my cash in my US bank account?

Lets say I want to open a brokerage account and invest in US stocks.. Should I open a SG dollar denominated account or a US dollar denominated account?

TDA Singapore only has Margin Account, no Cash Account. If I have $50k in the Margin Account and I buy a US stock with a total cost of $20k. Is my purchase is considered as a "cash investment" without any margin, since I still have $30k balance?

Which brokerage should i use if i would like to invest in US stocks? Currently i have about SGD200-300 of spare cash every month to invest and not sure which brokerage will have lesser fees.?

Related Products

Moomoo Singapore

4.7

476 Reviews

From $0

MINIMUM FEE

0.03%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Saxo Markets

4.5

956 Reviews

Syfe Trade

4.9

124 Reviews

Related Posts

I have a HK bank account but reside in SG. What platform(s) can i invest in using my cash in my HK bank account? Should i move over my HKD over to a multi-currency account in SG instead?

I have a US bank account but reside in SG. What platform(s) do I trade in US stocks with my cash in my US bank account?

Lets say I want to open a brokerage account and invest in US stocks.. Should I open a SG dollar denominated account or a US dollar denominated account?

TDA Singapore only has Margin Account, no Cash Account. If I have $50k in the Margin Account and I buy a US stock with a total cost of $20k. Is my purchase is considered as a "cash investment" without any margin, since I still have $30k balance?

Which brokerage should i use if i would like to invest in US stocks? Currently i have about SGD200-300 of spare cash every month to invest and not sure which brokerage will have lesser fees.?