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Anonymous

15 Oct 2019

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General Investing

Should I Invest in the global US markets after setting aside my emergency funds with an excess of 2k?

I'm currently 22 and would like to know more about investments.

Discussion (3)

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You should! To diversify your investment! But you may not want to buy from the US itself because of the withholding tax and estate tax. You can consider buying ETFs that is Ireland domiciled. You can still get yourself exposed to US markets through buying Ireland domiciled ETF like VUSA for example.

Elijah Lee

15 Oct 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

As you are still young, I would advise you to take time to gain knowledge first. There's no need to rush in at this point. Understand your options before you invest. Make sure your safety net is in place.

Also, when you say 'global us markets', are you referring to US, or global? US market is about 50% global market cap, so if you invest in a global fund, there will be a significant proportion in US already. If you are referring to US strictly, you will have concentration risk.

As your statement says, 'know more about investments', so please spend some time to pick up knowledge first before waiting. Time is still on your side.

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