facebookHow much % of my salary should I put to StashAway & DBS Invest Saver for mid-high risk? - Seedly
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Anonymous

10 Oct 2019

How much % of my salary should I put to StashAway & DBS Invest Saver for mid-high risk?

Have saved enough warchest funds, and am thinking of investing $250/mth to Stashaway & $200/mth to DBS invest saver.

But I'm not sure if itโ€™s too little/much etc, and is this the right timing to enter?

Also, fees wise, is it recommended to invest here because the initial fee will be Low but as AUM increases it can grow to a hefty sum per month

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    Discussion (9)

    What are your thoughts?

    Asheesh Chanda

    Asheesh Chanda

    10 Oct 2019

    Level 8ยทFounder at Kristal.AI

    Hi there,
    It's always worth putting 20-25% of your salary into mid-long term investments to build a portfolio - with discipline. There is typically no right time to enter but you can always increase your size of investment on certain days when you feel markets are oversold for e.g where they were in last Dec 2018.

    As per the fee, you can also evaluate Kristal.AI as we have a free account for the first $50,000 worth of ETF investments. We charge only on amounts above 50K.

    More reviews about us are here:

    https://www.valuechampion.sg/kristal-ai-robo-advisor-review

    Regards

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      Elijah Lee

      Elijah Lee

      05 Oct 2019

      Level 17ยทIndependent Financial Advisor at Phillip Securities (Jurong East)

      Hi, as a general guideline, you will want to allocate at least 20% of your salary into investments. More if you can afford it, although you must remember not to overcommit. So take a look at your salary and see if you are in this range of 20%.

      If you are going in monthly, then you should not be concerned about timing. This is because you will be doing DCA, and hence it is more important to spend time in the market rather than timing the market. You will need to have a horizon of at least 5 years or more to really see results. You will also need to consider your costs of investing, and how they impact you. I can recommend that you take a look at UTs also as there are no sales charges if you RSP on POEMS, so your full amount is invested.

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        If you do not have a lot of financial commitments, 50% - 60% is very much doable assuming that you a...

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