Asked by Anonymous

What do you guys think about my investment options?

Currently 26 years old working as IT B.A and part-time degree student and I have Regular savings plan with POSB and OCBC unit trust and blue-chips. Not sure if I am doing it right to kick start my investment journey. Other people are buying stocks but I am buying Blue-chips and RSP. Feel kinda weird..any advice?

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  • Lim Wei Siang
    Lim Wei Siang, Financial Consultant at Advisors Alliance Group - Aia Fa
    Level 2. Rookie
    Answered on 07 Mar 2019

    Investment comes in different forms. There is no best investment but consider these few factors:

    • Why are you investing?
    • What is your risk appetite?
    • How long are you willing to invest/stay invested?
    • How much are you comfortable investing?
    • Self managed vs 3rd party managed?
    • What are the charges to investment products?

    DO NOT follow blindly.

    Actions leads to reactions/consequences.

    Knowledge gives birth to choices.

    Only when you are aware of the different choices, different consequences can you then make a decision where the consequences are something bearable.

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