Anonymous
How should I diversify and grow my investments effectively?
I am currently in my mid/late 20s, with savings of 20k. I'm currently investing 5k using AutoWealth and StashAway (planning to increase both to 10k and invest 500 SGD per month).
Going forward, I also plan to put 10k into DBS digiPortfolio's Asia portfolio when it is released (also thinking if I should invest in DBS digiPortfolio's Global Portfolio).
Does this investment strategy make sense and how I can better optimise it? Thanks!
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Nicholes Wong
15 Sep 2019
Diploma in Business Management at Nanyang Polytechnic
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Angeline Teo
15 Sep 2019
Calculator at The Internet
Don't over diversify.
Your money is well diversified in AutoWealth and StashAway.
Why not just continue into these 2 Robo-advisors, and see if you can get more cost savings from them in terms of lower fees (for larger amounts).
In the long run, you save time monitoring 2 Robo-advisors instead of 3 or 4.... time is useful for other purposes.
I think you are doing great investing dollar cost averaging monthly. keep up the good work!! :D
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Most Robo-advisors are pretty diversified already. You don't actually need to diversify even more with different Robo-advisors. Just find 1 or 2 Robo-advisors that you suit the most and that is good enough.