I’m going to write about some of the goals I hope to achieve by the end of this year. They can be financial, professional and personal in nature. Too many to cover in one post so I’m going to split them up. I shall start with our robo advisors – StashAway and DBS DigiPortfolio. Easy one because the monthly contributions into our accounts are more fixed in terms of dates and amounts. I have automated them for StashAway but still have to do manual top ups for DBS DigiPortfolio. Perhaps a point of improvement for the latter.
Anyway, what I have done recently is to reallocate some of the monthly contributions to our OCBC Blue Chip Investment Plan (BCIP) and POSB Invest Saver into the robo advisors. The increased monthly contributions to StashAway and DBS DigiPortfolio should start from this month. Reason being I want to raise the rate of increase of my exposure to bigger markets like US, Europe, China, India and Japan. While lowering the rate of increase of my exposure to the smaller Singapore domestic market. There’s just more growth potential globally that I would like to tap into.
As of end Dec 2020, the total value of our StashAway and DBS DigiPortfolio accounts is S$85,000. With continued contributions of S$2,900 every month, I’m hoping to grow this by S$65,000 to S$150,000 by end Dec 2021. It depends on the performance of the markets they are invested in and anything can happen in the course of a year. Just look at what happened in 2020. I’m not going to make any big capital contributions to them unless there’s another bear market this year. Otherwise, I’m good to let my Dollar-Cost Averaging (DCA) investing strategy do its work here with the robo advisors.