Asked 2w ago
I'm 45, very late to the game and very noob (pls be kind!) My mortgage is paid up and i don't own a car. Insurance policies have been reviewed. Am growing my CPF SA. I have 6-8 months of emergency money in things like Singlife and bank. No kids and want to retire as early as possible.
I used SRS to buy OCBC BCIP two years ago and it's now at a 15% loss (about 2.5K). What should i do?
I have 100k to invest, thinking of robos, no time to do stocks. Any suggestions?
Interesting question. For me, I will suggest you to DCA into a few stocks that you are familiar with. My OCBC BCIP portfolio only consists of DBS, UOB, SGX, SIA these 4 blue chips, reason being, I am using products/services from these 4 companies.
I don't think STI ETF (G3B) is a bad choice, as it is very diversified. My take is that it will provide quality income as the top holdings for STI ETF (G3B) are consist of finance sectors. I don't deny that there are a few bad apples in it, but here is the beauty of ETF, It spreads your risk out, which makes this ETF good for dividends.
For your remaining 100k,
I would suggest that you can put it into either Syfe REITs (without risk management) or StashAway income portfolio. As these two portfolios will provide dividends as compared to other U.S portfolios, as the other portfolios are good for growth which takes time.
Syfe REITs (without risk management) purchases REITs directly, so the fees charged are just the management fees by Syfe.
As for StashAway income, it is buying into other ETFs such as MBH which is the investment-grade bond and STI ETF. Meaning that the fees involved are the ETF expenses as well as the fees charged by StashAway.
Therefore my take will be to allocate 100k into Syfe REITs ( without risk management], alternatively, you can choose to allocate maybe 65k into Syfe RETIs and the remaining 35k into StashAway income.
Hope this helps!
BCIP can choose the counter to buy? there is some bad apple in STI avoid those stocks. Those counter i see from the lists only the banks , reit and hang seng tech ETF worth buying, the rest can ignore. If you hold the bad apple, just stop DCA into it, just hold till it profit.
if no time, robo is a good option, you need to choose what type of robo portfolio that match your style.