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Anonymous
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
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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.