When will you do if youre me?

[slapshocked]

Keep it up!

32 months of savings is quite substantial to begin with.

By asking what to do means you are not ready to invest in the stock market.

Put in $7k to SA every year is a good start.

How about putting $7k of OA into SA?

 

[rottingapple]

you use stashaway simple?

no, i used simple for 3 months and then shift the monies into investing component.
main savings will go maybank....
but from now on will invest in robos more aggressively

 

[polyglob]

Also, when you put all your money in Singapore, in SGD, you ARE putting all your eggs in a single basket called Singapore. Touch wood say a major event hits Singapore and causes Singapore businesses, banks, currency, or even government to collapse, you will be left with almost nothing. Look at countries like Venezuela. Risk is never zero. If you buy into a world index, you will retain most of your wealth, as long as the entire world doesn't collapse, as it's more diversified than having all your wealth in Singapore cash deposits, FDs, and SSBs.

TS already shown to be very risk averse by keeping 32 months of salary in bank account. You scaring them even more with this kind of extreme story.

 

[Okenba]

no, i used simple for 3 months and then shift the monies into investing component.
main savings will go maybank....
but from now on will invest in robos more aggressively

You may wish to know that StashAway invests in US etfs that have dividend withholding tax, and perhaps more importantly, estate taxes of up to 40% in the event of your passing (if assets are abv usd60k).

How this is collected, I have no idea. But I understand that that is part of the legal liability you bear when you hold US etfs.

 

[rottingapple]

You may wish to know that StashAway invests in US etfs that have dividend withholding tax, and perhaps more importantly, estate taxes of up to 40% in the event of your passing (if assets are abv usd60k).

How this is collected, I have no idea. But I understand that that is part of the legal liability you bear when you hold US etfs.

thanks bro for the info. so far what are u investing in right now?

 

[slapshocked]

TS already shown to be very risk averse by keeping 32 months of salary in bank account. You scaring them even more with this kind of extreme story.

no worries. i understand nothing. catch no ball. blue cock.

 

[DevilPlate]

How about putting $7k of OA into SA?

No tax relief.

 

[chaoprokia]

1) 1 Group recommend Roboadvisor
2) 1 Group recommend CPF
3) 1 Group recommend funds


everyone advise is too diversify.

30 mth salary can be 1k which is 30k
can be 10k which is 300k.

there is no way to recommend when there is no direction.

Do yourself a test

https://www.investright.org/informed-investing/know-yourself/test-your-risk-tolerance/

tell us what is the score

 

[kkcheng77]

Hi.

I have 32 months of salary savings in 2 banks.

Where should i start?

Am i saving too much?

Im looking to beat inflation.

i have 10k in singlife.

should i go with stashaway?

5k shares on dbs, 5k shares on sia.

Buy house (new/resale), assuming you don't own one. Dump your 32 months savings to pay up, take a loan if not enough.

No more "saving too much" trouble. Start from 0 again.

 

[chrisloh65]

This is not about my personal opinion, this is about the fact I raised that index ETFs composition is biased because it is manufactured by mainly by US companies and heavily overweight US stocks. In the past, they do so quietly but now it is already in the wide open public knowledge unless you never read news like below:

https://www.businesstimes.com.sg/co...ive-order-drop-companies-with-links-to-chinas

Index providers react to Trump executive order, drop companies with links to China's military
Pushing Chinese companies off US exchanges may enliven China's capital market, weigh on the US dollar
MON, DEC 21, 2020 - 5:50 AM

Soon almost every successful blue-chip companies from China will be linked to China's military and dropped from all US-manufactured index ETFs and US stock exchange!

then this depends on one's opinion liao

Then you should avoid putting all your money into IWDA since >65% of it consists of US stocks and you ARE putting all your eggs in a single basket called USA. When US economy and USD goes down the drain (You are already seeing the start of this trend), you will be looking at large losses (vs SGD).

Even VWRA has >56% consisting of US stocks!

May be better put 50% of your money into VWRA and 50% into EIMI? More diversified globally.

 

[slapshocked]

Buy house (new/resale), assuming you don't own one. Dump your 32 months savings to pay up, take a loan if not enough.

No more "saving too much" trouble. Start from 0 again.

have house. landed.

 

[reddevil0728]

This is not about my personal opinion, this is about the fact I raised that index ETFs composition is biased because it is manufactured by mainly by US companies and heavily overweight US stocks. In the past, they do so quietly but now it is already in the wide open public knowledge unless you never read news like below:

https://www.businesstimes.com.sg/co...ive-order-drop-companies-with-links-to-chinas

Index providers react to Trump executive order, drop companies with links to China's military
Pushing Chinese companies off US exchanges may enliven China's capital market, weigh on the US dollar
MON, DEC 21, 2020 - 5:50 AM

Soon almost every successful blue-chip companies from China will be linked to China's military and dropped from all US-manufactured index ETFs and US stock exchange!

still an opinion.

 

[khratit]

Hi.

I have 32 months of salary savings in 2 banks.

Where should i start?

Am i saving too much?

Im looking to beat inflation.

i have 10k in singlife.

should i go with stashaway?

5k shares on dbs, 5k shares on sia.

With your capital, i can generate $3k a month trading.

 

[reddevil0728]

With your capital, i can generate $3k a month trading.

Means what???

 

[khratit]

Means what???

Don't like passive investing la

 

[reddevil0728]

Don't like passive investing la

Guaranteed ah?