I have spare cash of $5k. Where should I start with for investment if I don't mind keeping it there for 15 years? - Seedly
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Anonymous

Asked on 02 Aug 2020

I have spare cash of $5k. Where should I start with for investment if I don't mind keeping it there for 15 years?

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jw
jw
Level 5. Genius
Updated on 02 Aug 2020

Check out IWDA or VWRA listed on london stock exchange. These 2 ETF are diversified globally. Simple and don’t have to do anything. The ETF expense ratio is low. Investing in ETF itself is way cheaper than investing through robos. When you invest through robos, robos charge a annual management fee and on top of that the underlying ETF charge a management fee. These fee will eat into profit significantly in the long run

Can also check out Standard chartered. They don’t charge annual custodian fee at all. But if you are under 21yo, then you can’t apply for tht broker.

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Wei Ming Tan
Wei Ming Tan

02 Aug 2020

Can we do DCA bu buying IWDA or CSPX in London Stock Exchange?
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Brandon Lim
Brandon Lim
Level 5. Genius
Answered on 02 Aug 2020

U can consider roboadvisors like stashaway. U can consider investing a bit every month instead of investing a lump sum of $5000 for dollar cost averagin.

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Thank You!
Can you clarify
I wonder if
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What about
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