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Investments

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Investments

E
Evelyn
Level 3. Wonderkid
Answered 2h ago
You should! To diversify your investment! But you may not want to buy from US itself because of the withholding tax and estate tax. You can consider buying ETFs that is Ireland domiciled. You can still get yourself exposed to US markets through buying the Ireland domiciled ETF like VUSA for example.

Investments

Stashaway

Regular Shares Savings Plans (RSS)

Why not into the same StashAway for lower fees? Diversify later when the monthly sum is much higher? maybe into different markets or different classes of assets?

Investments

Cryptocurrency

Wei Khing
Wei Khing
Level 1. Freshie
Answered 6h ago
Hi there, You can use my referral code :35009456 get up to SGD20! Link : www.binance.sg/en/register/?ref=35009456 Thanks and happy trading!

Investments

Robo-Advisors

In short, you are losing money because you invested in SGD and if you were to liquidate today, you would suffer a loss due to FX fluctuations. However, on the bright side, your robo-advisor did make positive gains since it is denominated in USD. For investments involving foreign currency, it's would be prudent to take into consideration FX fluctuations, on top of the underlying investments if your aim is to receive your investment returns back in SGD. However, there are also specific funds that provide FX hedges against such currency movements but it may or may not work in your favour depending on the skill of the fund manager! Such investments should be kept for the long term, would be good to check in once in a while instead of every month!

Investments

This may be interesting to you. https://www.todayonline.com/singapore/2050-retirement-money-pot-set-and-forget-target-funds-could-be-easy-option Offhand, just by googling, I do get a lot of different hits from the google page. But since I have not tracked them before, I am unsure how helpful they are. You may also wish to balance the funds yourself (by contributing to CPF SA while nearing to retirement) for less risky capital returns.

Stashaway

Investments

Robo-Advisors

Promo Codes

If you use my referral link below, you can get up to $10,000 managed for free for 6 months. At least for first 6 months you can try out with a smaller amount without management fees!!!!!!!!! www.stashaway.sg/referrals/siownanw3zpr

Investments

ETF

N
Ninja
Level 3. Wonderkid
Answered 21h ago
ETFs are cost efficiency and UTs are the bread and butter of insurance agent. Cost is indeed a huge factor when it comes to performance. Just do a simple maths, 12% in the mutual fund/unit trust with an investment of $100k will cost you $12000 in fees where as ETF has about 2-7% normally for cost

Retirement

Investments

Family

If they are retired and not financially literate, it would be best not to be too adventurous with their money. Firstly, ensure that they have a decent amount in CPF to draw on. CPF life is a very good annuity and it will form the bedrock of their retirement. Longevity risk is mitigated as it pays for life. If CPF life has been maximized, a private annuity is another good option to increase their retirement income. Next, you can boost their income by looking at low-risk instruments such as bonds, which you mentioned. Bonds (like SSB) or even investment-grade bond funds do pay a decent dividend and can be used to supplement their income. At this point, the income sources mentioned above should be able to provide for basic expenses. Keep some liquidity in the form of cash, but you can put a portion in high interest savings account such as CIMB, or in FDs, or very short term endowments (3 years) which can help to squeeze the most of of their money. A small portion can be directed to defensive equities, but you will need to look for good timing to enter. Several shares listed on SGX have paid decent dividends over the years and are noted for raising their dividends over time, this helps to mitigate inflation. With the right mixture of asset classes, you can achieve an inflation hedge, low volatility portfolio, which will be stable even during periods of drawdown. On the risk management side, ensure they have an integrated shield plan, and long term care coverage, so that any emergency won't wipe out their savings or force you to liquidate investments to pay the bills.

Cryptocurrency

Investments

This is my personal opinion. From what I am looking at, cryptocurrency is still not a "need" in this market. Valuation of crypto is still based on speculation and there is still no hard facts that it is something that will stand against recession. If you would like to go for traditional assets, I would say that USD or gold is something that would hold their value in recession. In fact, look at how far gold has gone up this year due to weak market sentiment.

Investments

Savings

Retirement

Hi anon, there are many options actually. If you have prepared your coverage and your emergency funds, you can start to look at the various asset classes to consider their pros and cons. Determine your own preference and risk appetite, and then decide what would suit you. A person adverse to risk might want to reduce or eliminate stocks completely, a person willing and able to take risk may skew the portfolio heavily in favour of stocks. What is important is to build a multi-asset portfolio with the flexibility to shift your allocation across the various asset classes in tandem with your evolving finances, age profile, risk appetites and lifestyle. Allocate your monies accordingly, add on regularly to your portfolio, and remember to monitor and rebalance. Prepare a warchest for market opportunities, and always stay focused. Grow your human capital as well so that you can have more funds to invest. As much as I would love to give a more detailed answer, your question is a little too general, but I hope the pointers will set you in the right direction.
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