I am starting Uni and would like to invest a sum of money (~50k). I am considering buying ETFs and roboinvestors. I want a very passive strategy and I am thinking of putting everything in roboinvestors. Any advice? - Seedly
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Anonymous

Asked on 17 Jun 2020

I am starting Uni and would like to invest a sum of money (~50k). I am considering buying ETFs and roboinvestors. I want a very passive strategy and I am thinking of putting everything in roboinvestors. Any advice?

Background:

  • 21 y/o

  • no debt

  • no need for student loans; have a yearly allowance from scholarship

  • have insurance

  • not planning to buy car in the future

  • planning to grow this sum for my house

  • have CDP and FSMone (no investments yet)

  • already have ~4k in Stashaway

  • have ~7k in CPF

Basically, what is the most passive strategy (need not monitor regularly) to generate stable income that can leverage on my money early (~50k). Also, should I be concerned with my CPF at this stage?

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Better do it yourself, because it is cheaper and all in your own hand. you could also be doing both however.

https://seedly.sg/questions/what-is-your-general-investing-philosophy-strategy

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