Anonymous

27 Jun 2023

∙

General Investing

My dad recently asked me to help him start investing his money but I'm not sure where to start.

I have been investing in US stocks myself but I don't wanna be so risky with his money since he will need his money for retiring. I was thinking of either DBS Invest-Saver (since he has a DBS acct) or maybe just DCA into VOO S&P 500 on moomoo which I have just started doing. Is VOO too risky? I'm not very sure since I have just started investing a fee months ago (still a noob) 😅

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Eiscue

07 Jul 2023

Use cpf or sg bonds

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SH

05 Jul 2023

Try cpf

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Francis

01 Jul 2023

I feel it depends on your dad's risk profile. For me, I will feel worse if I am to lose my dad's money rather than mine. Maybe start small with 10-20% in VOO and invest the balance in T-bills/SSB. Work up your experience.

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casey

30 Jun 2023

If your dad is retiring soon, you could look at this 5-step plan to invest for retirement. You could also look at cash parking solutions as a possible option.

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Tony

Edited 27 Jun 2023

Computer Engineering at Nanyang Technological university

How old is your dad and are those money for retirement? if your dad is near retirement age, or he pl...

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