Asked by Anonymous
Asked on 18 Jun 2018
I believe before you started investing into other financial instruments, you should first invest in your financial education.
1) Start reading financial or investment books
2) Attend courses or seminar. (SGX provides some quality free course in SGX Academy)
3) You can consider which type of Asset Class suit you personally after getting some knowledge and able to make prudent investments.
Hi Anon, you should look to have a diversified global portfolio as soon as you can. Having all your eggs in one basket is never a good idea (in this case, Singapore).
Thus robo advisories, and traditional FAs can help you set up such a portfolio and do a RSP into it as well.
A good rule of thumb is to have a fixed income portfolio that follows your age band, to have some capital preservation elements as well.
So once you hit your 30s, maybe you can have about 30% in bonds and property. 65% in equity and about 5% in cash instruments.
You may look into blue chip stocks or bonds to diversify your portfolio :)
Singapore Saving Bonds for risk-free investment. Robo advisor for higher risk higher returns
you can look into robo investors for a start! also, start reading up on investments. Seedly has a lot of good resources! :)
Depending on your risk appetite, you can invest through robo-advisors (Stashaway, Smartly or AutoWealth), P2P lending, Singapore Savings Bonds, blue chip stocks etc.
It depends on your risk level
if you want something “safer”
if You can stomach higher risk
in any case please read up and become savvy about the investment before jumping into it !