NSF seeking advice on how to proceed with my finances with VT ETF and HKEX?
Current portfolio
VT ETF : 4.4k
HKEX 3067 : 4.3K
Emergency funds : 2.5k
Mom holding muh money : 4k(from poly scholarship)
Currently planning to continue to DCA into VT or 3067. With about 300 a month to DCA. Not sure whether to just dca into a single one or split it. Not too sure whether this is an appropriate split of 50/50 between 3067 and VT. Was thinking of buying into ARKK once I get more cash back from my mom.
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Chris
18 Jan 2021
Owner and Writer at Tortoisemoney.com
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First of all, good job on getting started this early! I wish I had the foresight like you to do so!
Secondly, that's a pretty nice allocation that you've got so far tbh. Quite a balanced growth approach + emergency funds taken care of. I think the 50/50 split is ok. A good balance between US and Asia-ish stocks.
Regarding DCA vs Lump Sum, Lump sum does beat DCA over longer periods most of the time, and the win rate increases with longer time periods. With that said, I do understand that DCA is often easier on the heart because as investors we always fear buying the top haha. Do watch for high commissions incurred if you choose to DCA over Lump Sum investing though. If your broker is low cost tho, then you're good to go!
All in all, good work so far, just gotta keep it up!