Asked by Anonymous
Asked on 03 May 2019
Top Contributor (Nov)
Seedly has tons of articles on everything you need. So after reading up, speak to a FA and hear their thoughts.
There are tons of 'Rules of Thumb' that you can follow such as the 50/30/20 rule for spending and savings, the amount of insurance coverage you'll require, how you should build an investment portfolio.
I've covered these topics with my own thoughts and opinions for the last 7+ months on this platform. You can read my replies by going to my profile and seeing my questions anwered. :)
All the best.
There are plenty of safe ways to invest your money. You can go for REITs, other ETFs and bonds, but before you do that, I'd suggest you read up as much to understand what a Robo-advisor really does. Robo-advisory platforms assess your current financial position and recommend a portfolio strategy after reviewing your risk profile. These bionic advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees. And the best part is that they give you the most unbiased advice.
You can read here for a better understanding.
I work at Kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.
I hope this helps you make the right decision.
Read Seedly articles - they have a ton of good and relevant articles to learn from. Another tip is to no put your money into anything you do not understand. If you need to, you can ask questions on this forum and I'm sure we are all happy to help!