If you could turn back time. How would you have invested your first 10k. And what about now? - Seedly
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AMA Christopher Tan

Anonymous

Asked on 21 Jan 2019

If you could turn back time. How would you have invested your first 10k. And what about now?

Would you recommend ETFs like everyone else in the community?

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Hi anonymous, thank you so much for your question and so sorry for the late reply. I generally do not like to prerscribe a product before understanding the full context of your financial situation. It is like deciding what ingredients to buy before we know what we want to eat and the recipe.

But I would generally say "yes" to your question. My firms' (Providend and MonwyOwl) investment philosopohy is that we do not believe in timing the market. There is no need to as well. We also believe in lowering the cost of investing. ETFs is one good way to access index investing and also it is low cost. However, as ETFs are listed on the stock markets and there are brokerage cost involved in buying them, please be mindful that you do not do many small transactions.

And by the way, if I have only $10,000, my preference is to invest in a more broadly diversified ETF such as the SPDR S&P500 rather than STI. The Singapore market is just too small.

Hope this helps.

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Davin
Davin
Level 7. Grand Master
Answered on 09 Mar 2020

I would put into low cost index fund and let it grow, but I chose to invest in properties, no right or wrong. Just that now I have more knowledge on equities market. I have start to diversify my investment into equities now.

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Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered on 09 Mar 2020

I would not recommend investing the first 10k into ETF. However, as part of the first investment, I do recommend to invest in ETF on a DCA basis, e.g. $100 per month.

For the first 10k, I would recommend investing into dividend stocks. This will allow you to generate a dividend income so that you can grow your warchest for future investment.

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MT2020
MT2020
Level 7. Grand Master
Answered on 09 Mar 2020

I would invest in tech stocks such as facebook and apple as they have already proven themselves now. So if i were to turn back time, i would buy those stocks.

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Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered on 09 Mar 2020

For me, I invested my first $10k into ETFs and I wouldn't change that given a choice. I believe it has helped me to avoid many of the mistakes i would have made if i went straight into stock-picking.

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Frankie Aufhauser-Rappaport
Frankie Aufhauser-Rappaport
Level 9. God of Wisdom
Answered on 07 Mar 2020

For the past: QQQ or VGT

for now: VGT ​​​

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