25.7 C
Singapore
Thursday, December 1, 2022
Ads

MAN LOST IN MONEY IN S&P INVESTMENT, THINKING IF FIXED DEPOSIT IS BETTER

Looking for advice on investment portfolio

Advertisements

I saved $30000 monthly in a joint account with my wife since my business picked up 10 months ago.

I had invested in the unit trust, and s&p since last year November, but all are in the red.

Unit trust especially is down 50% and I had taken $10k of my savings monthly to average it down.

Recently I put most of my savings in fixed deposits, and USD fixed deposits.

Advertisements

Besides all these, what is the best option for me to build a long-term investment portfolio with sustainability.

So far I had tried some wealth manager advice, but basically all are in the red.

Is fixed deposit,t bills, or SGX bank shares the only option I can look at?

Here are what netizens think:

  • Also since all ur stuff is in the red, try diversifying into other assets tht move in the opposite direction of your current portfolio
  • Probably not a good idea to source for financial advice on FB tbh.
  • You save so much a month, cant hire the best financial adviser, and you want to ask strangers for financial advice? No wonder people say fools and money will soon part
  • Worse place for advice. But as long as you keep your investments in tried and true companies, the bear market is only temporary. Now may very well be the best time to be doing your homework and investing in solid companies for dirt cheap. It’s literally a 2 to 3 year black Friday sale. The only question is when to buy and what to buy.
  • Can never time the market. As long as you don sell. Paper lost only. Going back to ATH will take awhile.
- Advertisement -
- Advertisement -
Latest News

PRITAM SINGH “STORMS OFF” DURING MP’S SPEECH, BUT THINGS ARE NOT WHAT IT SEEMS

A video emerged online by TikTok page @gongsimisg, showing WP boss and Leader of the Opposition Pritam Singh appearing...
- Advertisement -