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Anonymous
Stashaway and Digiportfolio still recommended for someone who knows nothing about stocks?
Recently i have started investing on Robo Advisors.
1) Stashaway (14%) : $3k for US market
2) Digiportfolio DBS (Risk Level 3) : $5k for Asia market
Reason for putting lesser in Stashaway is because of the recent riot activities. Not sure if it affected the market greatly.
Intend to put $500 in every month for both account for the next 5 years.
For starters, is my risk appetite too much? For something who like to have a stable increase of long term savings with high chance of suceeding.
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Investing in roboadvisors and unit trusts serves as a good entry point into investing in the stock market.
When the amount you have to invest becomes substantial (~$20k or more), it might be more cost efficient to have a DIY portfolio. Until then, I think the approach you are currently taking is fine, as long as you continue to learn more about investing and how to pick the right ETFs for yourself. Then, when you are ready to pick your own securities, you will be equipped with sufficient knowledge to do so.
It is difficult to say for sure if your investments will 'succeed' as past returns cannot guarantee future returns, but as long as your investments are sufficiently diversified, you can expect some protection from downside risks.