Hi I'm totally newbie on investment, but been reading alot of articles but dont know which is the right one. My objectives is very straightforward just like those insurance plan concept (put money into something monthly and let it grow). Too many terminology and information (ETF/Unit trust/Stock/Reits etc.) that makes it a little confusing technically.
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Chan Ze Ming
26 Jun 2020
Accountancy and Finance Student at Nanyang Polytechnic
Hello, imo i feel that it really depends on how you want to invest.
If you want more control over your investments then go into individual stocks, however, do remember that there are fees associated with it (eg commission fees which will eat quite alot of your profits).
If you don't really care about controling what you invest, just go for roboadivsors like stashaway (Once used it but went over to individual stocks coz i wanna experience hahaha), but just remember to check about the fees associated with them (They are quite transparent in their pricings)
Anyways, from what you stated in your question (Put money into something monthly), Stashaway seems like the better choice for you instead of individual stocks.
(Less fees-Higher gain, more diverse- less reliance on one stock's performance, less work to understand each company and you dont have to pray hard that the stock rise in value after you buy HAHAH)
Oh yea, SA's customer service is actually quite good, they release articles/video on market outlooks, tells investors to stick to their investing plans during time of uncertainty and advocate DCA (basically investing on a regular basis regardless of price)
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Sharon
25 Jun 2020
Life Alchemist at School of Hard Knocks
Dr Wealth recently wrote an article "A DIY Stock Investor is a Fund Manager, an Analyst, a Trader and an Administrator Rolled into One"
https://www.drwealth.com/a-diy-stock-investor-i...
It's an overview of what you would do if you want to go into stocks. It's like a second job.
If you don't feel like getting your feet wet into stocks, then Stashaway may be a better choice.
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Lin Yun Heng
25 Jun 2020
Senior Analyst at Delphi
My tip to you is what I tell most of my friends who knows of the need to invest but don't have the time and knowledge for it: Invest into a robo advisor through DCA monthly (eg $200) while you slowly build up your investment knowledge and personal finance skills. It is an essential life long skill that will keep on getting better as you slowly gain experience of the stock market. You will slowly realise it is actually a very simple thing to do as the whole point is to find undervalued assets, buy them and hold them until retirement CONSISTENTLY. Always stay invested no matter what and don't see it as a chore. Make your hard earned money work even harder for you while you sleep. So read a book like 'One up on Wall Street by Peter Lynch' and at the same time invest into a roboadvisor like Stash or Syfe.
Stay woke and stay invested, good luck!
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Hey there!
There are many options for you.
Simply put, you can allocate a sum of money every mon...
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Based on your objectives, you want to skip the technicalities of investing. In that case, go with a roboadvisor that can risk profile you or go with ETF. US Index ETF investing is one of the easiest way to get invested. In the long run, Index ETF increased in value due to growing population, which means growing consumption. With growing consumption, company earns more and shares generally appreciate over time.