How can I invest $30k and grow it in 10 years time?

With such a long time horizon stock investing could be very successful compared to other asset classes. passive indexing ETFs would be the choice, mutual funds should be avoided

(higher fees for on average lower returns, mostly obsolete nowadays)

more on my private thinking here:

https://seedly.sg/questions/what-is-your-genera...

I have addressed this indirectly at last Saturday's panel discussion.

If you just got started, go low risk to avoid catastrophic losses. Be patient. Go through a market correction to feel the fluctuations and better understand your emotional resilience towards market volatility (ie fluctuations). When you gain more confidence and experience, gradually increase your portfolio risk to accelerate your wealth accumulation.

Most of the investors with zero or little knowledge are profiled and recommended portfolio risk 2 (4 being highest risk) on the AutoWealth platform. This means they will be recommended to start off with a 40% global stocks 60% global government bonds portfolio. You may consider trying something similar, then build confidence over time and gradually move towards something closer to portfolio risk 3 (60% global stocks 40% global government bonds) or portfolio risk 4 (80% global stocks 20% global government bonds).

10 years is a long investment horizon. You should take more risk to accelerate your wealth accumulation. On the AutoWealth website (click Get Started), you may check out (a) the probability of making a profit and (b) the projected maximum decline in portfolio value by adjusting the time horizon lever and the portfolio risk level lever. https://www.autowealth.sg/advisory_module.php

You may also check out our blog posts for other useful investment insights or concepts: https://www.autowealth.sg/blog/