facebookI've just recently opening an acc with FSMone and plan to use $200 per month for investing (cause im in uni), what should I invest in as a start and for a busy student? - Seedly

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Anonymous

18 Aug 2020

General Investing

I've just recently opening an acc with FSMone and plan to use $200 per month for investing (cause im in uni), what should I invest in as a start and for a busy student?

I'm not very sure whether to start buying bonds now as its expensive (like SSB has a min of $500), or does buying ETF bonds (fixed income ETFs) function the same as buying a bond? Lets say following the 60/40 rule where 60% of investments should be bonds and 40% should be equity, does the ETF bond fall under bonds or equity? Or what other equities should I buy because I know stocks need to be very highly managed.

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Aidan Neo

18 Aug 2020

Financial Services Consultant at Manulife Financial Advisers

Good move on thinking about starting investment at such a young age. With a good time horizon and dollar cost averaging strategy put in place, you can consider VOO (Equity) and AGG (IG Bonds). You may decide on the %, however gotta fulfil the minimum of US$50 per month per fund just to make sure. You may kick off your portfolio with these first without much complication, as it tracks reliable index and have adequate diversification.

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