Asked on 27 May 2020
In your situation, you may wish to consider working with an experienced consultant to help you manage your financial portfolio. In addition to optimising your wealth, you can tap on expertise from the likes of global investment firms like Mercer, and BlackRock.
This way, you get professional advice from global investment firms, as well as a responsible agent to help you manage and grow your money.
This is fundamentally important for one reason. Just because you are a high risk taker doesn't mean that we should 'throw' your money into any financial instrument. Instead, we still need to do proper financial planning to ensure that you earn a reasonable rate of return.
I share quality content on estate planning and financial planning here.
This is a timely question. I actually wrote an article about how you can invest 10k here. If you are lazy to do much monitoring, active investing aka DIY investing should be out of the equation for you. You will be better off investing through Robo Advisors such as Syfe and Stashaway. I did a comparison of the 2 here so you can see which one is more suitable for you.
I am guessing you are a young investor in your 20s just like me so my personal take will be to pump this 10k into Syfe Equity100 and deploy the remaining into a warchest like Singlife 2.5% if market were to crash so you can pump in even more.
Sounds like you can go for the high-risk portfolio selection on Stashaway! Stashaway helps you to rebalance your portfolio based on their ERAA - Economic Regime-based Asset Allocation strategy thus you will not be required to perform a lot of hands-on monitoring of your portfolio.
There are other robo-advisors out there as well. Do check out the robo-advisor review page at : https://seedly.sg/reviews/robo-advisors
Hi, Personally I will recommend you StashAway!
In StashAway, you're able to create a portfolio for "general investing" "Goal-based investing" as well as "SG Income Portfolio"
Use my referral link and we both will have 10k managed free for 6 months!
SWRD - SPDR MSCI World UCITS, ETF ISIN IE00BFY0GT14
or, but more expensive
ACWI - SPDR MSCI ACWI UCITS, ETF ISIN IE00B44Z5B48
very risky approach:
I suggest a small-cap ETF
Go index funds, tech etf like SXLK, or disruptive tech etf like ARKK ETF has been delivering at least 20% returns per year.
Avoid going for financial consultant or mutual funds because fund managers have been found to underperform the simple market over long periods of time https://www.cnbc.com/2019/03/15/active-fund-managers-trail-the-sp-500-for-the-ninth-year-in-a-row-in-triumph-for-indexing.html
Avoid bitcoins because their returns is not guaranteed.
This video talked more in depth on getting better returns by investing in stocks that's relevant in future: https://youtu.be/8zIuAYEMh7w
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