Asked on 18 Jun 2020
Would there be a recommended amount of money I should put in each investment platform which will help me get a reasonable profit? 1) top up cpf 2) do fsmone rsf 3) do stashaway simple 4) do stashaway general investing 36% risk 5) do syfe 100% REITs?
It's easy, but the different alternatives
come with different risks.
what not to do,
I wouldn't advise lumpsum at all, why not go for DCA instead?
You can do it over a span of 6-12 months. Let's say 12 months, then you can invest about 1k each month.
What I'd do is as follow:
$500 for FSMOne RSP (Can pick 2-5 ETF you like)
$300 for StashAway General Investing 36%
$200 for Syfe REIT+ portfolio
This is the best for DCA, in my opinion. If you really want to do lumpsum, then just buy 2-3 stocks that you really like, could be Amazon, Alibaba, Facebook, DBS, etc.
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
Make sure you have emergency funds first. There are no guaranteed profits in investing so you should slightly tweak your mindset a little, especially in the current market. Read up on the risks and types of investments. CPF is safe but does not have liquidity at all. No idea about FSM but stashaway simple is a low risk investment in MMF that returns est. 1.9%.
36% general investing is going to be hard for you since you’re fixated on earning profits as it will be heavily invested in equities which is very volatile.
100% REITs could sound good as it performed well but it will be affected by covid. DPU will definitely decrease and there might be lower returns than previous years.
Just keep in mind that investing is not a trick to get rich. If you’re asking questions like this I suppose you’re unsure of which sector to get into which shows that you’re not ready.
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