I just graduated and started working. I currently have $5k savings and plan to set aside $500-800 monthly to invest. How would you suggest to allocate them?

Other than the currency risks when investing in the US market, you also have to keep in mind that US dividend income are subjected to 30% income tax.

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You are young, so you have time to recover even if you make mistakes. Take risks now rather than later, as mistakes gets more costly as you age.

Via dca will be good

For the $500-$800 monthly, you can consider buying a Saving Plan monthly with POSB/DBS with minimum sum of $100 or invest in OCBC Blue Chip

Welcome to the working world. I was exactly in your situation when I started out working. I had about SGD 5K and I convert to USD 3K to start off my investment journey.

One of the things i prepared was to read up. I hate reading books but if there are any books to read, I would recommend these 3 books.

Next you will have to consider the type of online brokerage accounts to use for the long term. I'm sure you can look up on the many reviews online to choose but here are the tried and tested that I used over the years.

It's ok to start with SGD 5K. The important thing is to start and get it done. That's the most important step.

I wish you well and good luck!​​​