Asked on 05 Feb 2020
I'm considering robo advisors, RSPs and government bonds based off my online reading but am not sure if I should just choose one or a mix of them. Any tips on how to work towards eventually doing DIY investment will be appreciated as well! (:
Maybe set a 70/20/10 approach. Start off with70% of your investable into low risk and low cost like robos. Keep the 20% for slightly higher risk like choosing to buy your own stocks on a trading platform. Last 10% into high risk, high returns like cryptocurrencies and forex.
Once you build up more experience with better knowledge and you can shift some funds from lower risk to higher risk, depending on your risk apettite. But always remember to keep your base!
1 more comments
19 May 2020
I guess it's fair to say that it is time proven, which is also my experience over 15-20 years. Many think that they could outperform the markets or pros, or that there must be some adrenaline kick or heavy trading activity. I feel the boring (almost non-doing) would be the key to success. thank you, appreciated, good luck !
Andy Sim, HR Professional at a Financial Institution
Answered on 05 Mar 2020
Hi Melissa! Great that you are thinking to start your investing journey! If you know what you are bu...
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