Asked on 28 Aug 2019
Currently 55 yo. I am worried that I might not have enough to take care of when reaching 70 as I still have my HDB loan to pay.
I am thinking of investing $100 monthly into ETF or REITs or both.
Would really appreciate some good advice on how and what should I do to at least have a better lifestyle quality when retire.
And is StashAway a good option to consider? If not, then should I consider PhillipCapital or Vickers to start the plan?
I know not much about StashAway personally but I will say these ETF, robo-advisers etc are all much better choices with lower fees compared to the older, traditional investment companies such as PhilipCapitals or Vickers.
Even buying stocks via Standard Chartered Bank is way cheaper than using Vickers.
If you ask me to choose between them, I will stick to Robo-advisers and ETF, and research on StashAway, Moneyowl, Autowealth etc.
Here is a great article by Seedly
Frankly, it may not be a good idea to go into equities fully as there's a risk of a depressed portfolio when you need the funds at the desired age. There's no luxury of time to weather any downturn cycles. With this in mind, perhaps you can look at StashAway to help you create a portfolio based on your risk profile and years to retirement. Their portfolios usually have some element of bonds to help balance equity risk.
Do look into contributing more on a monthly basis if possible as $100 a month is a bit difficult to achieve a meaningful goal to aid your retirement. Hope this helps and all the best.
I have two ideas in mind, given your circumstances.
1) Top-up the retirement account, you get a bit ...
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