I’m a 26 year old working class personnel. For myself as someone who knows very little about investments, is it wise to pump my money into digiportfolio as my only form of investment? - Seedly
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Anonymous

Asked on 04 Jul 2020

I’m a 26 year old working class personnel. For myself as someone who knows very little about investments, is it wise to pump my money into digiportfolio as my only form of investment?

I’d like to check on what savvy investors think of dbs digiportfolio. In the meantime I’m reading and learning more about my investment options.

Thank you all!

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You have a long investing horizon! Just take your time to understand the product and read up more on other investment vehicles to see which will suit you best.

These days (as compared to my time), there are a lot more sharing among people online on how they're investing, so you can get some insights, which can be helpful in shaping your direction.

I recommend joining the Seedly Facebook group for a start, as the discussions there are quite robust. All the best!

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YT
YT
Level 9. God of Wisdom
Answered on 04 Jul 2020

I recommend to take your time to read and learn first then invest, not the other way round. You need not rush to invest now given that it will span across several decades based on your age. Do take a look at the composition of the portfolio (either Asia or Global) to see if it complements your investment philosophy and objectives. If it doesn't, you can explore other alternatives (other robos or RSPs) or take a DIY approach.

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