Asked on 20 Aug 2020
Been reading and I'm considering these options:
Syfe Equity100 and REIT+ or StashAway 36%
FMSOne RSP or TDA, still reading up which ETFs are good to buy and hold, maybe VOO VT etc
Tiger Broker or TDA, probably for individual stocks
Are they good to go?
Should I then invest all 20k in one of the above or is better to do few or any better options for considerations? Besides ETFs, any other options I should consider after learning more? Any other advice if there are. Thank you.
More than recommending what to do, I'd recommend not to do, all mentioned here:
... and then if you'd ask about 100% stock investing, probably many people could agree that one out of these ETFs would be fine:
MSCI World ACWI (SPYY, ACWI)
MSCI World (LCUW, IWDA, SPPW )
2 more comments
20 Aug 2020
21 Aug 2020
Regarding your circumenstances, you can invest your 20k into a Robo-investor. These are usually for the long-term and you can personally set the risk level and future goals regarding your money. I personally use AutoWealth and aside from my first lump sum, I also set aside a monthly recurring amount to put transferred into AutoWealth.
With your other cash, you can maybe put them into mutual funds or ETFs and also hold for the long term.
An interesting ETF would be something like the ARKK, a combination of innovative stocks picked by ARK Invest.
For something safer, you could put your money into something like the S&P500.
A World ETF could also do.
For individual stocks, I'll definitely go for TDA, especially now that there is no commission fee. I've been using it for awhile now, and it's easy to use on the phone or on your computer.
Also, you can look into growth/software-as-a-service (SAAS) stocks so you can hold them long term and let the money compound and grow.
If you want to have someone manages your portfolio for you, I would recommend https://endowus.com/ . They leverage on the best fund managers in the world by accessing their time-tested strategies at the lowest cost possible. They also will do a portfolio allocation for you to suit your risk appetite.
For a long-term investment, you can consider using a core-satellite investing strategy. Your REIT+ portfolio can act as your core, and your satellite investments can be in Syfe's Equity100 portfolio as well as other individual stocks / ETFs you are interested in.
The advantage of this strategy is that you enjoy the thrill of holding a few investments that can outperform from time to time. Meanwhile, your core investments benefit from broad market exposure and steady market returns.
Our friendly wealth advisors can give you a personalised recommendation on how you can allocate your funds for a core-satellite strategy. Do speak to them here!
Try not to lump sum all the money that you have set aside for investment and gradually DCA into the market. Keep some cash on the sidelines for any market corrections or if you chance upon any great opportunities
-FSMOne RSP will help you to average out the cost of the ETF monthly while you will have to manually purchase the ETF on TDA. Take note of the dividend handling fees on FSMOne platform for US domiciled ETF: https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure. TDA currently roll out 0 commision fees for US ETF and some stock counters, thus you may want to consider creating an account if you decide to purchase a lump sum or individual stocks
Hit me up if you need a referral for Stashaway and the brokers as stated above. Remember to always hold some cash on the sidelines as opportunities can surface anytime :)
3 more comments
21 Aug 2020
21 Aug 2020
Buy consistently into the markets!
It is highly recommended to buy mutual funds every month to average out the cost of the stock.
You can consider buying mutual funds that tracks S&P 500 in the US market of singapore market.
For singapore market : ES3
For US market : IVV / VOO etc etc
Why mutual funds is because these big fund managers are actively and professionally managing your porfolio.
This saves the hassle of stock picking etc.
2 more comments
24 Sep 2020