A Path to Forever Financial Freedom

Author:   |   Latest post: Wed, 15 Jan 2020, 2:23 PM


Why digiPortfolio Appeals To Me

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In an eagerly anticipated news, DBS announced the launch of the digiPortfolio segment live on its investing platform. The main objective is to enable everyday Singaporeans like you and me to invest and grow our money.

The theme - "Invest. Sleep. Repeat" is exactly why the digiPortfolio is appealing to the masses. It is especially suitable for those who want to invest and grow their money yet have limited time and commitment to DIY their own portfolio.

With digiPortfolio's dedicated team taking care of your investment, investors can now have their cake and eat it too. Peace of mind along with potentially steady compounded growth in their investments.

Why digiPortfolio Appeals To Me?

The digiPortfolio currently provides two portfolio offerings to investors - Asia Portfolio and Global Portfolio.

If you have been following my blog, you would know that I have been channelling my resources within Asia. This is largely due to the familiarity with the local accounting and regulatory practices.

While it gives me easier access to do scuttle-butting on companies, the flip side is that my returns over the years have been heavily pegged to the Asia market's performances. I have been unable to tap on the good performance of other overseas markets, especially the US market.

With digiPortfolio, I can finally start to diversify into the global market knowing there are dedicated portfolio managers within the team that can help me manage my investments.

Step 1: Choose the Asia Portfolio or Global Portfolio

As a start, you have a choice between the Asia Portfolio or the Global Portfolio and both are suitable for beginners since one only requires $1,000 (do note the respective SGD and USD currencies) to invest.

Step 2: Choose Your Risk Appetite 

Once you have selected your focus areas on your portfolio, you will need to indicate the preferred risk level that you are comfortable with.

There are 3 risk levels for each portfolio selection, which is classified under "Slow n Steady", "Comfy Cruisin" and "Fast n Furious".

The "Slow n Steady" selection is the most risk adverse where the portfolio consists mostly of fixed income (80%), Cash (5%) and Equity (15%).

The "Fast n Furious" selection is the least risk adverse where the portfolio consists of Equity (75%), Fixed Income (20%) and Cash (5%).

For me, I chose the "Fast n Furious" risk level because of its heavy weightage on the equity selection which I think will continue to do well in the next few years.

There are factsheets that you can also zoom down to each portfolio selection if you want to read on each the ETF holdings.

Step 3: Complete the Customer Account Review (CAR)

As mandated for regulatory and compliance purpose by MAS, every investor is required to complete the Customer Account Review (CAR) prior to putting his or her money into the Global Portfolio investment.

This is to enable the bank to assess if an investor has the relevant knowledge required to understand the risks that investment products possess.

No pre-qualification is necessary for investing in the Asia Portfolio.

Step 4: Transfer Funds From Multi-Currency to digiPortfolio Account

All you need is now a transfer from your multi-currency to the digiPortfolio account.

Step 5: Sit Back, Relax and Enjoy Watching Your Moneytree Grows

And ta da.... You are all set!

Now all you need to do is to relax, sit back and watch how your digiPortfolio performs.

Remember! Investing is for the longer term, so it is likely that you will have to be patient to reap your rewards (My portfolio is in green as I wrote this)

Thanks for reading.

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