facebookI wanna start investing, which platform should I start on? I have 0% knowledge in investment. Saw platform like +500, Invstr, IG, fxTrade, Crypto, Tiger Trade, DBS Vicks, UOBKayHian, Stashaway, Syfe? - Seedly

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Anonymous

22 Dec 2020

General Investing

I wanna start investing, which platform should I start on? I have 0% knowledge in investment. Saw platform like +500, Invstr, IG, fxTrade, Crypto, Tiger Trade, DBS Vicks, UOBKayHian, Stashaway, Syfe?

I know the platforms i given some are US market, some locals that been seen here, and StashAway & Syfe are Robo. If i want earn like dividends monthly/yearly, where should i go for my first time investment? Instead of putting money in my bank, i wish to invest and have it grow faster than the bank.

Discussion (5)

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Syfe

21 Dec 2020

Hello there! If you're looking to earn dividends, one option to consider could be Syfe's REIT+ portfolio. It contains 20 quality Singapore REITs and tracks the SGX iEdge S-REIT Leaders Index.

It is especially ideal for DCA as well. Purchasing S-REITs through your broker is expensive because of all the commisions you'll need to pay, more so if you DCA into REITs. However, all Syfe portfolios have no brokerage charges or trading costs. This makes our portfolios more cost efficient for monthly DCAs.

For exposure to global equities, you can consider Syfe Equity100. This is a 100% equities portfolio that holds ETFs like the S&P 500 UCITS ETF, Invesco QQQ, iShares MSCI EAFE ETF and more. Overall, these ETFs give you exposure to over 1,500 stocks the likes of Apple, Amazon and Microsoft.

If you want to get a more personalised plan, please feel free to speak with our friendly wealth experts for a complimentary consultation! I hope this helps :)

Aidan Neo

21 Dec 2020

Financial Services Consultant at Manulife Financial Advisers

Hey anon,

Since you have 0% knowledge in investment, you may want to consider a simple platform to start where you can just RSP consistently, eg: FSM or robo-advisor. If you want to work with an advisor managing your investment, you may also consider IFAST. At the same time, depending your objectives, you have to evaluate on your commitment whether to build up your investment knowledge.

If you want to earn dividends on a monthly basis, there are several mutual funds that you can explore that allows you to have dividends monthly. It all depends on your risk appetite and financial resources to align suitable investments for you.

At the end of the day, do your own due diligence. Keep it simple and live life ahead. But do remember that patience is virtue in the investing world, all the best!

Hi, if you have minimal knowledge then it wil be beest to go with a robo advisor. Also regarding pas...

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