Anonymous
I have sufficient emergency funds!
Monthly: $200 goes to a 10 yr Endowment plan, $200 into Stashaway 30% risk, $100 into Syfe E100, $100 into Syfe Reits, $420 into a RSP consisting of OGIG & SP500, $580 for tesla.
I feel that my i can re-optimize my portfolio better since Reits will not have as much growth as China. Currently looking to gain exposure into China through 3169.hk but i'm unsure if i should forsake Reits for it.
Is 3169.hk optimal due to forex risk?
And yes I believe in Tesla :)
7
Discussion (7)
Learn how to style your text
Shengshi Chiam, CFA
23 Oct 2020
Personal Finance Lead at Endowus
Reply
Save
Endowment plan- there isnt anything wrong in an endowment plan since it guarantees a fixed amount regardless of economic situations if you really need the money after eg 10 to 15years
SA- many etfs across different countries, already diversified. 0.8% min
Syfe E- many etfs across different countries, already diversified. 0.65% min
Syfe R+- 20 of sg most liquid reits, mirrors iedge s-reit index, a little passive income per year if amount 20k 0.65% min
Rsp into ogig 0.48% and sp500 0.03%- majority of holdings in both etfs are already in SA and Syfe E so i dont know why you got these etfs again.
Tesla- hard to say but yolo right.
3169- if growth justifies fees,risk, and you believe in China, why not?
Reply
Save
Always good to diversify but overdoing in your case, can confuse you. How about you rethink about yo...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Just to offer a different perspective - you are too diversified because you have too many things to manage.
I used to have 20 different credit cards because I was trying to get the best deal out that. It was frustrating even though I do get tangible benefits from all of the cards.
I have since cut down the clutter in my life and use only 3-4 cards consistently.
Similarly, I am only using Endowus and Interactive Brokers for all my cash and investment needs. This allow me to manage my wealth more quickly and declutter my life. Also helps that interactive brokers and Endowus is the cheapest way to manage CPF/SRS/Cash investments while providing really clear breakdown of underlying investments.
Hope this helps!