facebookSeeking advice as I am new to investing. I would like to save 100k before I reach 45. Currently 35, After deducting all expenses etc with 2k spare cash per month for investing. Thanks. Any advice? - Seedly

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Anonymous

01 Aug 2020

General Investing

Seeking advice as I am new to investing. I would like to save 100k before I reach 45. Currently 35, After deducting all expenses etc with 2k spare cash per month for investing. Thanks. Any advice?

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What are your thoughts?

Hi, I recommend you go down a path of 70% bonds and 30% equities for your portfolio. Due to your age, I do not think you are willing to take on high risks to grow your wealth due to people depending on you financially.

Furthermore, based on what you have said, just by putting the money in the bank, you would be able to achieve your goal of 100k before 45. Of course, no one will complain about having more money than they target to have. As such I have made a possible route for your investment down below assuming a 105% return.

Might I recommend you use FSMOne ETF RSP for your investment. This is what I would recommend you invest in each month as well as the fees involved'

Equities:
iShares Core MSCI AC Asia ex Japan Index ETF (HKEX.3010) (200 SGD)
Vanguard S&P 500 ETF (NYSE.VOO) (300 SGD)

Vanguard Total World Stock Index Fund ETF Shares (NYSE.VT) (100 SGD)

Bonds:

iShares Barclays USD Asia High Yield Bond Index ETF (SGX.O9P) (400 SGD)

Xtrackers USD High Yield Corporate Bond ETF (NYSE.HYLB) (400 SGD)

NikkoAM SGD IGBond ETF (SGX.MBH) (600 SGD)

Total fees per month: less than 10 dollars

This should give you a balanced portfolio for you to reach your 100K goal before 45 and maybe more!

Cheers! And happy Investing!

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