facebookIs DBS Digiportfolio a good place to begin my investment journey? Along with DBS Vickers to purchase select US company shares I prefer? - Seedly

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Anonymous

05 May 2020

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Saving Hacks

Is DBS Digiportfolio a good place to begin my investment journey? Along with DBS Vickers to purchase select US company shares I prefer?

First time investor - here is my background:

  • Have upwards of 7-8 months of savings in my Multiplier account
  • Can save approx 6k every month - out of which I want to invest 3-4k (the rest will be transferred to family abroad)
  • With the remaining 3k I can save every month I was thinking of the following
    a) 1.5k per month into DBS Digiportfolio Asia
    b) 1.5K per month into select US stocks I plan to buy individually

Would this be a good strategy for a first timer? what should I look out for

Discussion (2)

What are your thoughts?

Sounds good for an individual whom dont want to spend time monitoring the market, and is disciplined to commit to DCA long-term basis.

But if you want to buy US stocks, you had to define your investment objective, goals first

A useful article on individual stock selection:

https://papers.ssrn.com/sol3/papers.cfm?abstrac...

TLDR Version: With over 60,000 firms and stock data, the best performing 811 firms (1.33% of total) accounted for all of the net global wealth creation. Meaning, your success rate as a professional, let alone a first timer would be 1.33% to choose the right stock for long-term success.

Article on moneysmart regarding DBS's platform:

https://blog.moneysmart.sg/invest/dbs-digiportf...

TLDR Version: Good start for beginners, they take out much of the thinking for you, with one of the lowest fees in the robo-advisory sector.

You can check your approximate life budget numbers here:

https://www.aaronleow.com/life-budget-calculator ​​​

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