Asked 3w ago
I have recently started on Roboadvisor. My plan is to start with $1000 for SA and Syfe, and DCA $500 every month, for long term. I plan to use Syfe only for REIT portfolio while SA will be ETF portfolio (currently at 14% risk preference).
On top of this, I have about $30,000 spare cash (after taking into account 12 months of emergency funds), how should I go about investing this amount? I'm looking into endowment plans, as well as S&P 500 (I think Robo covers this?), STI 500 etc.
It's great that you are starting to invest, i'm happy for you!
I think when you are starting out, the most important things would be to learn about investment philosophy and styles. Answer a few questions
What is my financial goal
Circle of competence
Read, read, read!! There are also many youtubers and webinars you can join in to watch to learn about the basics of investing. For basics, majority of the information is pretty uniform.
HOWEVER, after a certain point, we need to start discerning and filtering out what to listen to and what not to. It is difficult to discern at the start, so get your information from different sources and cross reference them.
The biggest dichotomy, in my humble opinion, would be your investing approach. Passive or Active investing.
For Passive, the information on seedly and majority of financial advisory pages/instagram accounts are good. thewokesalaryman, SimpleSum, SAV Finance just to name a few...
For Active, this is where the filtering comes to play. I won't load you with too much because these are already a lot to take in and research on. Do let me know if active investing is something that interest you and you want more information... but it's not for everyone.
1 more comments
Congratulations on your new investment journey. Starting out might seem daunting at the start but not to worry! Here at Kristal.AI, we curate a variety of ETFs suitable for investors who are just starting out, which you may explore more here. There is also a robo-advisory function we offer to retail investors.
We make it accessible for people to try investing as there are no sign up or management fees, it is free up to 50K USD, with no hidden charges whatsoever. Upon sign up, we also will have a Digital RM to assist you in your investment journey, to guide you along.
Hope this eases your journey as a first time investor! Feel free to sign up for an accout at www.kristal.ai, it will take less than 3 minutes via MyInfo :)
Better to start than never. It's great that you've decided to invest your money to plan for your future. ETF is a good way to diversify your holdings in a cost effective manner.
As you grow in your investment journey, you might want to also consider managed funds in your repertoire of investing tools.
At the end, investing boils down to a few factors and you have to be clear of what you want to get out of accumulating more money:
what kind of lifestyle do you want to lead
what is your risk tolerance
what is the end goal
You can acquire investment knowledge slowly by first reading up and there many products available in the market. You might also want to consider engaging a financial consultant who is able to help shorten your learning curve through sound advice.
Robo is a good start.
The next best step is to avoid all the things mentioned here:
Then considering a global stock ETF instead of a purely U.S. one seems better diversified and still is composed of many U.S. stock.
Last thing, don't touch the invested money for years, patience & investing success walk hand in hand ...
If one has no knowledge of driving a car, accident is prone to happen and which will eventually will happen.
Same goes to investing. If you have no knowledge, please do your due diligence to learn. No one will manage your money except yourself because no one in this world would help you get rich. Why should they help you in the first place?. So, learn before you do stupid mistakes.
Answered 2w ago
Hello! Kudos on starting your investment journey. First up, it's great that you're planning to invest regularly. In addition to what you've outlined, you may also want to consider a core satellite investing strategy for your spare cash.
Typically, your core should be a portfolio diversified across asset classes, geographies and sectors.
Your satellites are investments that typically carry more risk than the core, but also offer the opportunity for outperformance e.g. funds that carry certain investment styles or sectors.
On that point, you may want to consider Syfe REIT+ and Equity100 as your satellites. You get Singapore real estate exposure with REIT+, and you'll be 100% invested in growth stocks the likes of Amazon, Apple, Microsoft and more with Equity100.
One strategy that BudgetBabe highlighted in her Syfe review is to split your funds this way - 50% in a globally diversified portfolio, 30% in REIT+, and 20% in Equity100.
If you're interested to explore more, please feel free to have a chat with our wealth advisors! They'll be able to give you more targeted advice based on your investment goals. Hope this helps :)
Hi lovegood, congrats on starting your investment journey. Roboadvisor is a good place to start as it required minimum investing knowledge.
For now, you should continue reading up more on investments. You can start off by researching the different types of financial products out there.
Don't forget about insurance too as it is also important in your investment journey.
I have written a 4 part series on how to invest. Do take a look here.