facebookI have ard 62K cash savings. About 12k in investment spread across different portfolio. Should I increase my investment amount? - Seedly

Haziq

29 Sep 2021

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I have ard 62K cash savings. About 12k in investment spread across different portfolio. Should I increase my investment amount?

  • 28 yrs old this year
  • Debt-free
  • Insurance taken care of (hospitalisation, term life insurance, personal etc)
  • Emergency savings (12mths saved)
  • Owns a credit card
  • Still living with parents

Considering my situations, shld i increase the amt of investments? My investment is spread in different portfolios (Syfe - equity100 & equity core balanced, STI ETF Rsp using posb invest saver, owns ascendas reits and owns apple and nio stocks). Is there anything wrong with my investments or shld i add more to my investments. I feel that i am not making my investment grow. Ive been reading and watching alot on options trading but am still not confident to start. Hope to get good opinions from the seedly community. Thanks alot!!!

Discussion (7)

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Sharon

03 Oct 2021

Life Alchemist at School of Hard Knocks

Since you're only 28 y.o. and still has more than 3 decades ahead of you, you can consider investing into more US growth stocks.

How to do that?

I'd suggest to start your foot in the right direction, pay to learn & invest in your knowledge. It's not a popular idea but I like to accelerate my learning without making too many mistakes.

So far since Oct 2019, I've taken a couple of courses on investments. Below are the three I recommend, which I've taken. Please feel free to counter check with others.

  • Growth Investing Mastery
  • Piranha Profits - Options Trading Course (for trading)
  • MoneyWiseSmart - Options Series (for investing)

If you go for the highest level, it will set you back close to $10K, but this will be a lifetime of money-making knowledge that even formal university education may not get you. These will teach you how to fish.

If DIY learning, my concern is one step forward, two steps back. Consistency is key to growing the money long-term (the word here of importance is "long-term").

Alternatively, you can consider going for stock pick services like The Smart Investor, Motley Fool, Potential Multibaggers, or other types on Seeking Alpha.

Note: Options are leverage tools, but if you know how to use them well, it can bring benefits. When you take care of the risk, and the profits will take care of themselves. All the best!

You might want to focus on stocks that you are familiar with. Maybe let's say tech. Invest in a few stocks that you are very familiar with. Like Apple / MSFT. Things that you use everyday.

Shayne Yeo

01 Oct 2021

BSc (Hons) in Life Sciences at National University of Singapore

Personally, after setting aside what you need for daily needs and emergency cash and maybe short ter...

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