Where to invest $200k for <30 years old apart from robo-advisors?

I do not wish to invest in Robo-advisors as I already have $100k in Robos

I am wondering would OCBC Premier Banking be suitable for me as the requirements is just nice $200k and I already have a few savings under SRS in that bank that would allow me to use their services.

I generally do not want to dive into stocks that requires me to monitor as I do not have a lot of time and prefer something unmanaged.

I am not looking for long term investments as well as I need to buy a HDB soon. Hence, looking for somewhere to place this money.

Thank you!

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Samuel Don Oh

18 Jan 2021

Hi there,

You may choose to opt for a financial advisor to manage your portfolio for you. Theoretically it will be invested through various funds and your financial advisor will manage it for you. This will be great if you find that you may not want to monitor the performance of your investment By yourself and have someone to steward it for you.

Typically depending on your risk appetite and preference thats where your funds will be allocated to. It won't be too far fetch to aim for a range between 6-20% depending on your risk appetite since risk and reward is proportional. Do choose to diversify across a variety of regions and industries to avoid a concentration risk. Do consult a licensed financial advisor to explore your options.

Financial planning is an integral part of life. You can reach me here to find out more. .

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Jovan Lai

18 Jan 2021

You can just look at broad market index ETFs like

VOO/VUG for US

MCHI/ASHR/KWEB for China

VT for the world

DCA since you prefer a more passive approach while not investing via Robos. But do note the ETFs your robos are investing in, they are probably all positively correlated anyway.

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Hustler

17 Jan 2021

OCBC Premier Banking - good choice since you’re not someone who wish to dive into monitoring stocks ...

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