Anonymous
Hi, I'm 25, I have set aside an emergency fund of 6 months expenses and managed to save around 100k for my warchest.
The 1k/month is purely for investing as I have another sum set aside for future big-ticket items, such as house and wedding.
I would say I’m aggressive, currently on $200 monthly to StashAway (high risk, 36%)
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Wong Ming Yao
13 Dec 2019
Product and Community Associate at 8VIC Global Pte Ltd
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Arpita Mukherjee
05 Nov 2019
Community Evangelist at Kristal.AI
Hi Anon,
If you really want a steadily-growing and diversified portfolio, you should start by not putting all your eggs in one basket. Building a successful portfolio requires thought and you must analyse each and every one of your investments rigorously before you invest. You might find this process daunting, which is why it is more beneficial to build your investment portfolio slowly over time, rather than rushing into making a ton of investments quickly. Allow yourself the time and space to grow and learn before diversifying or rebalancing anything. Of course, if your advisor tells you to do something specific, you should certainly take that into consideration too!
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I work at kristal.AI, and my mojo is to help people make the right financial decisions.
If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.
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Elijah Lee
16 Oct 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
To put things in perspective, you will want to compare your current portfolio size with y...
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Hi!
Good that you have already set aside emergency fund for rainy days and by the loook of it you are ready to compound your wealth!
I would like to share my opinion as an ungraduate and investor for your current situation:
Read up some investment books and understand what kind of investing tool suit yourself (Learn about yourself better)
Identify your target and work backwards for the require rate of return
Even though the information here is that you are an aggressive investor, always set aside enough money to average down the stocks you buy when they dip