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Anonymous
Hi! I’ve just applied to RSP into VT ($400), FTEC ($120) and VOO ($400) monthly. Is these 3 ETFs enough for me to invest long term?
Lastly, for the RSP I have to deposit the money into my FSM account first so it can deduct monthly or it will deduct from my bank directly every month? Thank you!
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Tan Wei Ming
12 Jul 2020
Founder and Writer at Frugal Youth Invests
Great job in starting.
As VT is a world stock ETF, it has already covered the portion in VOO. 99.8% VOO exists in VT holding though at a smaller weightage in VT.
To me, I would look into other ETF available on their focus list such as those thematic ETFs or to explore other robo-advisors portfolio or to put in more money into VT instead.
It can be deducted from your bank directly, if I am not wrong it is called the CAT deduction. For myself, I do a scheduled FAST transfer one day before the 8th and do my own conversion on FSMOne.
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Yes, very, very good asset allocation into these 3 ETFs, super!
But You should Buy & Hold ultra-longterm.
Since You have already global asset allocation with VT,
maybe what You have now is really completely sufficient,
excellent idea to keep it as simple as possible.
The only thing that could be added, given China's soon
expected economy world leadership (GDP leader #1 before the U.S. soon),
is some kind of broad and succcessful China ETF. It is difficult to
say currently, which ETF this should be.
This could be
MCHI - iShares MSCI China ETF
PGJ
HKEX.3169 - Vanguard Total China Index ETF
HKEX.3073 - SPDR® FTSE Greater China ETF
HKEX.2823 - iShares FTSE A50 China Index ETF
HKEX.2828 - Hang Seng China Enterprises Index ETF
or more risky, but with more potential (tech/med focussed):
CQQQ - Invesco China Technology ETF
KURE - KraneShares MSCI All China Health Care Index ETF
see also this 10 year performance chart of those mentioned above: