Help with investment and wealth growth. I am 30 year old with medium risk appetite (ok to lose money in short run but not long run)
1. May I know how are you guys growing your wealth and what’s your ROI? I’m currently doing it alone by buying ETF & UT via POEM by Philip, 2-4% ROI (kind of shitty)
2. Any recommendations for better ETF app? I heard DBS is not bad? POEM is quite hard to use, always 1 day lag. Hard to see how much I need to pay and they don’t really give reminder either. Not serviced by any Philip advisors (should I expect to have advisor?)
3. Any recommendation for good banker who can help manage <$100k portfolio? Want to seek professional finance help (Eg banker, not Insurance agent) but I don’t want to take advice from fresh grad w/o real investment experience and wealth banking needs $350k
Here are what netizens think:
- Better learn on your own how to invest your own money. U think people really will have your best interest at heart investing with your money? I currently trade options and practically learn it via YouTube. Will not advise you to do the same unless you are deeply passionate and believe in it.
- Ssb or certain FDs are near to 3 percent alrdy. Time ur expenses and saving up is my personal advice. If you find and know an opportunity then u can seize it then and there.
- 30 years old still dunno how to invest? If I am you, I would have go dig a hole and dump my head in for 7 days.
- I invest in real estates in Australia. Typical return on equity around 10-15% (80% loan) excluding capital gain, which ranges from 40-60% for each property from past year alone due to Covid.