Asked on 30 Oct 2020
My personal opinion will be investing in a low cost S&P 500 index fund such as VOO or VUSD (UK version). However, do make sure you are investing for a long run, minimally 10 years.
For limited savings, u can choose to buy VOO using fractional shares using Interactive brokers platform.
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Your option if you dont like actively managing your portfolio. Individual stock picking may not be suitable for you right now.
1) ETF eg, VOO that track US index.
2) UT that pay dividend eg. UOB global quality growth fund, pay monthly dividend. Which track global tech stock
VOO trading at USD299.87 per share
UOB fund at SGD1.551. Initial investment $1000. Subseqent $100
If you have very tight budget UT should be a good option for you. And you can do DCA @ $100 per month
In addition buying UT is 0% comission in poem
However, after u competed NS & get a job is better to switch to ETF because UT have high expense ratio affecting your portfolio long term gain.
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