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Anonymous
Hey seedly community, wanna know if investing in StashAway or buying dividend stock (like singtel) is more worth it? I have about 2-3K capital to start and am able to put in monthly cash into it.
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With lower capital, robo is the best! Meanwhile, build up your capacity/knowledge in stock-picking :) best of luck!
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Jiayee
30 Nov 2020
Salaryman at some company
I'm a noob so I would go with robos or index funds over individual stocks.
Based on your current capital, I would go with robos or a broker with those super low fees.
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Jonathan Lee
30 Nov 2020
Co-founder, Marketing Director at Start Something Studios Pte. Ltd.
Hello!
I recently had that thought in mind as well, and am a relatively junior investor + low-mid risk profile.
Started using Stash Away around July 2019 with a small amount of cash ($300) and it was a relatively positive experience (sans the March crash). 20/20 hindsight I wish I had put more in, however that was my own personal risk profile and being a junior in this. Nevertheless, putting it in helped grow my $300 more than had I not done anything with it.
Subsequently, I invested in some dividend stocks as I gained more knowledge but I would say that learning this is a mixed process of reading information here as well as getting your hands dirty.
Recently I've started Syfe equity100 after reading good reviews here and the initial gains have been more positive than Stash Away, albeit it is a different economical climate.
For stock, I'd like to echo Tiffany that you will need some time to do your due diligence and read up on the right stock to invest in (even if its a dividend one)
Net net - getting started is the right decision, a robo has a lower learning curve and can make your money work for you while you learn about stock picking
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Rahul Wadhwa
29 Nov 2020
Student Ambassador 2020/21 at Seedly
Hi Anon,
Ultimately it comes down to factors like your risk tolerance and knowledge level.
I would...
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3k isn't alot , but what I would do is dca either arkk/arkw or QQQJ . robo advisor such as stashaway gives you diversification at a really low cost . but one big cons is that you don't really learn what you're buying into.