I’m 32 years old, only 10% of asset in investment. What should I do?

I'm 32 this year and recently calculated that I have about $200k in cash. I probably have about $20k invested (est. 70%US, 30%SG). I feel that I need to "up my game" in investment because 1. everybody's doing it and faring so well in life, I'm not an adult if I don't know how to invest and do well at it and 2. I constantly feel that I'm poor and need even more money to live a comfortable life. But at the same time, I feel really lost in investment because I'm not good in understanding finance and I don't have much faith in myself.

I've dabbled in roboadvisors like Stashaway and Syfe since they're quite no-brainer but I realised the returns are terrible (~3% for the past year). I've dabbled in buying stocks directly in SG and US markets but I dont know if I've made right decisions because the companies that I invested in (was convinced by their business model) have been down big time due to political reasons or no-obvious-reasons. Because of that, I feel unsure of what I'm doing since I have no track record to prove to myself that I know what I'm doing. I put in $1k into BTC for the sake of it but I still don't understand crypto no matter how much I read up so I fear putting in more money even though it's apparent that that is the place I should be putting in tonnes of money if I want to "flip and get rich".

Any advice on how I can speed up on my investment yet still do it systematically?

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1M45

Edited 01 Dec 2021

70%US, 30%SG allocation is good. Me too.

if i were you, to keep simple, i will leave:

$50k in the bank
$100k into US board based ETFs. Eg. QQQM, CSPX, VOO...... just pick 1 will do.
$50k into Sg stocks or unit trust for dividends. For sg stocks, DBS, UOB, OCBC, parkwaylife reits. For ETF- $CLR. For unit trust, united global durable equities fund, Allianz income and growth fund
SG stock always fluctuate between red & green but it doesnt matter, becoz you are after the cashflow

Every month, DCA. Give yourself a target:
For US portfolio, by 40 yrs old, you want to invest $200k (your own money) in US
For dividends portfolio, every year increase the annual dividend received by $1000, achieve monthly cashflow.
For cash in bank, $100k by 40 yo. It will be useful, if one day you want to invest in real estate or start a buisness.

Just keep everything simple, establish a process, then be consistent, stick to it.

dont hype
ignore market prediction and speculation.
keep investing

I also constantly feel poor, still cant retire, that is why i have a strong motivation ... LOL

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The Growth Hunter

01 Dec 2021

Home-based Trader at https://t.me/the_growth_hunter

Glad you have some thoughts about investments. However, I think the approach towards it seems a little off.

It seems the reason for investment is because you are comparing to those around you, and trying to be an "adult".

If you were to glean into the statistics, ~85 - 90% of investors lose money in the market. And they are adults. Hence, doing investments does not equate to profitability and does not equate to being an adult.

The thing I thought will help you best is "Invest in Yourself".

2 things stuck out to me from your sharing:

You said you are not good in understanding finance and don't have much faith in yourself,
You have dabbled.....

People dabble because they don't have a proven set of systems that have worked before. By investing in yourself to read books, attend courses, find mentors, you will be able to learn a proven set of system that has worked and you can tweak it a little to your personality and style. You don't have to reinvent the wheel and "dabble".

Also, no one was born into knowing and understanding finance. It is an acquired skill. By learning it properly, you can and you will be able to understand it and have utmost faith and confidence in yourself.

Hope the above helps! Am always open for a chat to help

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