personalinvestor - Seedly
Seedly logo
Seedly logo
 
P

personalinvestor's profile is not filled up yet.

personalinvestor

About

personalinvestor's profile is not filled up yet.

Credentials

personalinvestor's credentials are not filled up yet.

personalinvestor

  • Answers (2)
  • Questions (1)
  • Reviews (0)

Investments

Stocks Discussion

ETF

I’m intending to invest in DCA thru FSMone for SPY500. How much should i put?
P
personalinvestor
Level 2. Rookie
Answered on 26 Feb 2020
Have you already calculated how much are the brokerage costs that you would be incurring monthly and if those costs are at a % of your total investment acceptable for you to offset against the expected returns? The usual advice I've seen is that fees shouldn't be more than 1%.
👍 0

General

Savings

Investments

Is it the best choice to top up my CPF for the compound interest starting from now or is waiting out for other benefits (if any) the better choice?
P
personalinvestor
Level 2. Rookie
Answered on 25 Feb 2020
Personally, I would not top-up the CPF SA at aged 21 as you still have over 30+ years to go before you can use the money! I would say to keep your money liquid in the time before you reach the withdrawal age for short term use. Yes, the compounding effect can turn you into a millionaire on paper, but the funds can only be accessed after you're 55. Think about your own goals and needs. What would you be doing in the time before you can withdraw that money? What would you do with that large sum of money at age 55?
👍 0
Level 2. Rookie
6PointsGoal 10
4 POINTS TO LEVEL UP
Browse Rewards