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Have 20k in jumpstart account and planning to use a portion for investment. Have heard of robo advisors and average dollar cost strategy. Any advice or platforms to start off with. Many thanks!
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Cryotosensei
05 Mar 2023
Blogger at diaperfinancingfund.blogspot.com
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Since active stock/REIT picking is not successfully possible I'd recommend to invest into one of the 3 S-REIT ETFs, f.ex. Lion Philipp S-REIT ETF. Singapore is known (pre Covid) for the highest yields (possibly reduced if inflation-adjusted).
Better diversification often reduces risks,
so global/U.S./Europe or Asia/China REIT ETFs could be a safer play.
my 'food for thought' here. :-)
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j
09 Aug 2020
IT at Accounting firm
Perhaps it will be good to consider the amount of risk you are willing to take, if you are considering about investing in REITs, given this volatile period with declining rental collections and challenging businesses survivals.
One way to manage the risk can be through moderating the quantity of reits purchased, by taking the nominal amount divided by the price difference between your purchase price & stop loss amount.
Some platforms to purchase REITs may be through bank brokers like DBS vickers or online platforms like FSMone, or new channels like Syfe for REITs
Otherwise, keeping the 20k within your jump start account might not be too bad a deal given the stability and guaranteed interest, keeping risk minimal.
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Chin Guo Qiang (ITIL4 / CSPO / CSM)
05 Aug 2020
Assistant Vice President, IT Operations at Bank of China Limited
I would say a solid NO to investments until you save up a small sum of money (ie. $5,000 to $10,000) first for purely investment. Take an assumption that this sum of money invested can be lost in bad times, so do make the mental preparations for this to happen.
Then open up your options to other alternatives as well, beyond REITs.
Can probably try out Robo-advisors or stick to cheaper priced dividend stocks and hold them for a longer timeframe of 18 to 24 months.
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Kenneth Lou
21 Apr 2020
Co-founder at Seedly
Hey Tx! Looks like many others have replied you on your question here now :)
I would also share my ...
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Just get started. I contributed $7k to my CPF SA account until I attained the FRS. Along the way, I got myself involved in investing in some robo-advisor portfolios and even crypto. You build up knowledge as you go along