facebookI'm a fresh grad and started a full-time job. Have no experience in investing and averse to risk. Planning to invest a portion of my savings in Singapore REITs. Any advice? - Seedly

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I'm a fresh grad and started a full-time job. Have no experience in investing and averse to risk. Planning to invest a portion of my savings in Singapore REITs. Any advice?

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!

Discussion (13)

What are your thoughts?

Kenneth Lou

Kenneth Lou

21 Apr 2020

Level 14·Co-founder at Seedly

Hey Tx! Looks like many others have replied you on your question here now :)

I would also share my two cents.

I think that you are in a very good position to start. I would like you to think about the following considerations first before jumping in:

  • Do you have at least 6 months of rainy day funds (especially now the job market may suddenly turn for the worrse, you need to be prepared)

  • Do you need that $20k to use in the coming 3 to 5 years at least? (eg wedding, home rennovation, downpayment etc)

  • Do you have the risk appetite to stomach the volatility in the recession coming soon? (potential drawdown paper losses of 20% or more)

If you are ok with the above then you can consider starting with a robo-advisor or picking out your own stocks.

I would personally recommend robo-advisors as they are much easier to navigate and get started with as well.

Food for thought :)

View 3 replies

Chin Guo Qiang

Chin Guo Qiang

05 Aug 2020

Level 7·Systems Support Specialist (eLogistics) at Infocomm Media Development Authority

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.

Since active stock/REIT picking is not successfully possible I'd recommend to invest into one of the...

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