05 May 2020
First time investor - here is my background:
Would this be a good strategy for a first timer? what should I look out for
A useful article on individual stock selection:
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:
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:
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DBS/POSB Multiplier Account
Up to 3.00% p.a.
MIN. INITIAL DEPOSIT
MIN. AVG DAILY BALANCE