Asked on 18 Jun 2020
I was thinking:
$3000 into IWDA (via Kristal)
$2000 into Syfe REITS (100% REITS)
What would you suggest?
Hello there! I think ETF is a great product to own because of the low fees. My opinion on your portfolio seems fine to me. Its a great start.
It's great that you're planning to invest! Before you start, the general rule is that you should always invest with your risk tolerance and investing timeline in mind. If you are planning to invest for the longer-term, and are comfortable accepting more risk in your portfolio, then IWDA and Syfe REIT+ are both good options.
Going forward, you may consider adding a portfolio that has diversified exposure to bonds and commodities as well. You can take a look at Syfe's Global Portfolio. The exposure to bonds acts as a good counter to stocks and REITs when markets are volatile.
Go to libbyapp.com and login via your NLB account, and go borrow as many personal finance / value investing books. Borrow books that are written from a practictioner perspective. Can start with beginer friendly:
The Five Rules for Successful Stock Investing by Pat Dorsey
The Ultimate Dividend Playbook: Income, Insight, and Independence for Today's Investor, Josh Peters
If books are not your cup of tea, there are a couple good US financial youtubers to follow
Graham Stephan: https://www.youtube.com/channel/UCV6KDgJskWaEckne5aPA0aQ
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