Should I start with StashAway or go into Unit Trust managed by FA with $300 to start?

Investment Objective

Before you start investing, it will be best to understand your objective. Here are some questions to help you:

1. What is your capital?

2. How will you want to invest your capital? E.g. lump sum or an amount on a regular basis

3. How long will you want to stay invested? E.g. 10 years

4. What is your risk appetite? E.g. How do you feel about short-term volatility?

5. What is your objective for investing?

With a well-defined investment objective, we will conduct regular portfolio reviews to evaluate whether our portfolio remains on track. Otherwise, we may have to make adjustments in order to reach your goal.

Professional Advice

Next, you need to determine whether you possess the knowledge, skills, experience and time to invest on your own. Otherwise, evaluate whether you will be open to seek professional advice, e.g. through expertise from global investment firms like Mercer, BlackRock.

Financial Instrument

On the whole, there are various financial instruments that we can invest your money into, e.g. bonds, equity, real estate, commodities. Each instrument has its set of investment risk.

More Details:

Types of Investment Risk that You should know

The onus will be on you to do proper research, or to get trusted advice from a professional.

I share quality content on estate planning and financial planning here.