Anonymous
What are your recommendations for a first timer looking at Robo-Advisors for his first investment?
I have just settled my insurance such as hospitalization and also saved up my emergency fund in the DBS Multiplier for the interest (Salary and Credit Card).
I have then done my money maths and can spare 5k to try out investments.
Reading around, it seems like not putting everything in one basket is a good idea and I am thinking of:
1k into Digiportfolio since I already have the multiplier
2k into Syfe for REITs
2k into ETFs although havent decided which robo
Would this be ok or too divided?
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It is good to think about your portfolio construct first. What are the allocations you want? What ETFs do you want to go for (with the 2k)?
A simple portfolio can be Global Equities+Bond and Local REITs. Syfe can be the local REIT component and DigiPortfolio can be Global Equities+Bond part. Unless you have other ideas (e.g. more diversification into asia), then you can keep it simple as it is.