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Friday, September 30, 2022
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MAN ASKING HOW TO INVEST TO RETIRE, NETIZENS TELL HIM BUY TOTO & 4D

Hello, need some help with investing. I heard it’s better to invest $X amount consistently rather than time the market but I don’t know what to buy and is testing out. I have tried:

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1. Endowus – 3 different aggressive portfolios. Drop from $6k to $5 after 1 year (portfolio did not even improve at all even when ETF were booming) any success story for Endowus? I feel like giving up on this platform since it’s just a straight decline since the day I bought it.

2. UOB simple invest with $1k – drop to $960 after 6 months. Does not seem to be improving but it’s a lot better than Endowus.

3. SG ETF – bought bank stocks but the growth is very slow, 2-4% is barely enough to cover inflation. worse still, now all in red as markets fall. Maybe it’s time to buy but all my moolah is stuck.

I heard young people should be more aggressive when we invest since we have time – but I don’t know what to buy and what to do…

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How to buy a house and retire in SG when it’s so hard to grow money? Any tip is appreciated, thank you!

Here are what netizens think:

  • Buy 4D and ToTo.
  • Buy fix amount every month. Only assess profit after 7 years. In between if lose money also close eye and buy.
  • You entered at the wrong time of the market. Right now stocks are tanking because of the interest rate hikes and growth scares because of high inflation and possible slowing demand on goods and services. As a young person, you should first try to improve your skills and focus on increasing your active income. Then you’ll can accumulate more money to invest.
  • Try not to buy bank unit trust or managed funds. They deduct up to 10% of your funds to pay to fund managers.
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