Wednesday, 17 December 2014

Someone to Accompany you on your Investment Journey




Today, I was texting a friend of mine. Turns out he has been investing with POSB Invest Saver for 8 months already. Seems like we were on the same journey of figuring out the confusing world of Stocks, Bonds and Shares but we didn't know it then.

It's always better to have someone that you can discuss with on the pros and cons on various matters. It feels good to have someone to talk to personally and have someone that you can share all these new experiences and exchange knowledge.

I myself, prefer a more DIY approach. POSB Invest Saver may be beneficial in some ways and automated but it's just me.

I like to feel more in control of each transaction I make.

That said, what does everyone else feel?

A DIY Approach VS Automated Approach to Investing?

Signing off,
Teenage Investor

11 comments:

  1. Hi TI,

    I think there's no need to be on either side of extreme ends.

    Why not have a portion being automated, while another portion DIY? I think style/method diversification is a bit underrated!

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    1. Hi GMGH! I think I will. Mine is a more DIY style but it also involves investing monthly which is similar to POSB invest saver maybe just that I have a choice of which stocks/bonds I am investing in.

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  2. Diy needs much more monitoring time and effort and at the end of the day you wont even be guaranteed a return better than passive investing.

    Tough choice tough life :)

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    1. Hi B! I guess so. Mine is a more DIY style but it also involves investing monthly which is similar to POSB invest saver maybe just that I have a choice of which stocks/bonds I am investing in.

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  3. I used to park my money in a fund. After I realize how much management fee it was charging me for subpar performance, I decide to redeem my units. Now, I am more into DIY, focusing on S-REITs. There's much to learn when you are on your own. Then again, it helps to shine a light on your own behaviour, attitude and fears (regarding investing).

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    1. Hi SRSI! I agree that automated funds do charge quite a high fee and some funds are just simply tracking the index, what nerve!

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  4. Actually, we can have the best of both worlds! Just channel a portion of the fund into the automatic one and the rest, DIY

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  5. How about lowest cost approach? Haha.

    DIY buy STI index is much cheaper than paying sales charge for RSP. Almost half! And with the compounding effect, it'll eventually make a huge difference.

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    1. Hi OWQ! Agreed DIY buying STI index definitely much cheaper over time.

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  6. Same as some of the readers here.

    Doing the automatic POSB investsaver for a small sum, and then save the rest for DIY :)

    Best of both worlds

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