facebookHow to have passive income by investing $100 monthly in ETF? Any good and suitable products I should look out for? - Seedly
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Anonymous

Asked on 28 Aug 2019

How to have passive income by investing $100 monthly in ETF? Any good and suitable products I should look out for?

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?

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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

https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/

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Mike Ferrer

Mike Ferrer

02 Sep 2019

I had the same question last year so I totally agree with what Cedric is saying. In my case I ended up with StashAway. Good luck!

Cedric Jamie Soh

Cedric Jamie Soh

02 Sep 2019

Thank You!

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

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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.

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Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Takingstock @

Takingstock @

Level 7. Grand Master

Answered on 01 Sep 2019

I have two ideas in mind, given your circumstances.

1) Top-up the retirement account, you get a bit ...

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