facebookI’m in my 20s, still studying, are there any value-adding part-time jobs in the banking sector? I've already started investing on STI ETF, and I'm looking into robo-advisors next. Should I enter in lump-sum or DCA? How should I take my next step? - Seedly

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Anonymous

13 Aug 2020

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I’m in my 20s, still studying, are there any value-adding part-time jobs in the banking sector? I've already started investing on STI ETF, and I'm looking into robo-advisors next. Should I enter in lump-sum or DCA? How should I take my next step?

I’m in my 20s, still studying. Particularly Economics and Finance from a private university. Already started on STI ETF through RSP, looking into robo advisory next. However, should one enter robo advisory in lump sum or DCA? Also, where are some good places to look for value-added part-time jobs such as in the banking sector? I have school on every Monday and Tuesday, will I be able to find one? Or even where to find internships during my holidays? Lastly, i hope there’s someone who could mentor me or someone who are interested in investment that can impart some knowledge.

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Send email to banks for graduate jobs, they have quota for that

If you are worried that a recession might come soon, then you should do DCA. If not, you can enter in one lump-sum. Studies have shown that lump sum will generate higher returns compared to DCA but you will have to ride the volatility through.

Mm what sort of part time role are you looking to get in the banking industry? Such roles may be limited to menial roles like administrative ones which may not add much value. You can try looking out for available roles via banking websites' career pages, or headhunting sites like jobstreet.

Internships wise, your school should be able to link you up with good internships that you can work on during your holidays. Youor school should be able to provide some form of advice in terms of choosing one as well.

Investments wise, what is your goal / objective when it comes to investing? There must be one in mind, like investing for retirement, or to achieve a milestone so that it can be used to pay off a big ticket item in future (wedding, house, etc).

If you can afford to, try attending investment workshops that are available out there. This can form your main portfolio and you won't need to look anywhere else. I went for one 2 years ago on selling options and never looked back. Benchmark for this is 30% p.a. compounded every year.

Hope this helps

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Jay Liu

19 Sep 2018

Accounting and Finance at ACCA

You can evaluate the price of each robo-advisors holdings based on the risk profile using investing....

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