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Anonymous
Currently, undergraduate (23), already putting about $200 into roboadvisor
Would you rather put your $200-500 into
a) growth stocks (RSP) or
b) blue-chip stocks (RSP)
(Emergency funds, savings sorted, Job Secured in govt sector - bonded)
The aim is to build 135-150k in by 30, have a 8/10 > risk appetite
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Lin Yun Heng
08 Jul 2020
Senior Analyst at Delphi
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I think you have a bit of misconception here. A growth stock can also be a bluechip stock (eg Mastercard.) What you probably mean is either a growth stock or a dividend stock. As a young adult, it is better to tilt more towards growth, but its important to own some dividend stocks too.
And a better plan for you instead of RSP into individual stocks, you should just buy a Growth based ETF like QQQ instead. With $200-$500, it is a really small amount if you are buying individual stocks... hence you are better off buying ETFs/Robos since the capital injected is small.