Edited 25 Nov 2021
What i currently have in my portfolio:
I would say that my immediate goal is to be able to pay off the house comfortably, as I need to fork out 40k when the house is ready. (was not able to get additional grants).
How can I improve my portfolio?
Is there any reasons why you are putting more into DBS than Stashaway? Otherwise you should look into the fees. Based only my last impression, banks charge more fees than robo advisors. Cost of investing is also an important factor to look into.
Honestly if you need $40k at the end of 5 years, just save up $667/month using fixed deposits or high interest accounts and invest the rest. It sucks if you are forced to liquidate your investments when it’s down.
Take home $2400
Investments $800/month (you can cut down on either Stashaway or DBS but minimally still $300/month average for your endowment)
Remaining $1600, save $667, you still have $900 for expenses.
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Looks like you already have about 20.4k
if you shift everything to
VOO and apple- 15k and 5k respectively and invest $400 in each monthly
projected value in 5 years
VOO- 12% annual returns- 59k
apple- 10% annual returns- 39k
so it can be done very comfortably. Sometimes over diversification may not be the best thing. So reconsider some of it. Anyway, the annual returns are conservative estimation. Apple's annual returns for past 5 years is about 500%. But do your due diligence, before investing in individual stocks. Happy investing and learning. You'll def reach your goal. All the best.
I do agree with the comments here. SG market always go sideway. I have moved my funds from SG to US....
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