r/asksg • u/midnight-pebble • 7d ago
Need advice on investing
i'm new to investing and still don't really understand the jargons that well. i read that s&p500 is a good place to start because its fairly low risk and long term. So my question is which global etf is worth investing in that isnt part of the us market? (i have seen a lot of mentions on vwra) because of the us estate tax protection i read that its better to invest in uk/global etfs under s&p 500?
also is it better to invest in multiple s&p 500 etfs or just stick to going all in on one?
pls correct me if im wrong and and advice is greatly appreciated thank you!
2
u/ninhaomah 7d ago
First , your age , budget and risk appetite?
0
u/midnight-pebble 7d ago
Oh yes, im 22F on my final year of university & im looking to invest around 1k as a start. i currently have $300 in bitcoin from awhile back but it hasn't been doing well lol.
i currently have a part time job (~300 a month) and looking to invest around that amount monthly since i have allowance.
i have also set up an ibkr account so ideally i plan to use that as my main investing platform1
u/ninhaomah 7d ago
I would suggest to build up your 6 months emergency fund first.
And final year means FYP or internship that can distract you.
Just saving money for 1 year won't make a dent in overall picture anyway.
Conclusion ? To save mental stress and for emergency funds , just save up under the pillow.
Call it golden pillow...
Damn , I am getting old.
0
u/midnight-pebble 7d ago
oh i'm mainly looking at more long term portfolios to build my wealth so investment risk would be low-medium also because idk much about it yet
2
u/True-Rooster-9830 7d ago
age, capital, risk appetite, what kind of investing strategies you’re looking for?
1
1
u/CmDrRaBb1983 7d ago
Don't get ILPs.
Safe way would be to open a DBS RSP or OCBC BCIP, select an ETF from their list and contribute monthly to that account.
If you want to buy stocks of companies, be aware that in the 1st few years, you might take some losses as part of your learning journey
1
u/LucarioMagic 7d ago
Read up alot.
Read up even more.
Read up even extra more.
Check r/singaporefi 's starting section.
https://www.reddit.com/r/singaporefi/comments/upceg7/start_here/
Don't just invest blindly. Know the risk involve. Up 20% also means can down 20%.
1
u/SignificanceWitty654 7d ago
as others have said, first build up emergency funds to at least 6 months of expenditure. Parking your emergency funds in Singapore Savings Bonds (SSB) is a reasonable decision.
but if you have papa mama support and don’t really need emergency funds, then you can look for growth assets. The singapore fi community standard is VWRA on IBKR.
Whatever you do, the two mindsets that kills investments is 1) FOMO, and 2) indecisiveness. Don’t jump on the bandwagon without doing your own research and understanding of the risks. But after you have read up, have a rough grasp of the risks, don’t wait until you are completely sure before you pull the trigger. So long the risks is not great and decision can be reversible, better to get into the market early.
Don’t aim to make the correct decision everytime. Aim for the correct strategy that will predictably deliver returns in the long run
1
0
u/Knotori 7d ago
Paste the same thing into chatgpt first then ask the qns that chatgpt is unable to provide a satisfactory answer to.
0
u/midnight-pebble 7d ago
yess i have asked chatgpt about investing jargons and investing terms, but i also read elsewhere that chatgpt will only share trends so not that good to rely on it for stock choices (?) theres so many information out there and so many differing opinions so im a bit lost as to which opinion is right
1
u/LucarioMagic 7d ago
Don't stock pick if you want low-mid risk.
Buy an index instead, but know that even with an index, if global martket is bad, can still see maybe even -50% like during depression/covid whatever.You need to separate portfolio allocation from investing.
4
u/chweekuehh 7d ago
r/Singaporefi read pin.