One of the ways that I have shared in the past for folks that lead a busy life, prefer to focus on career, spending more time with family and yet want a way to build wealth in a fundamentally sound manner is to periodically channel money into 1 or 2 low cost exchange traded fund (ETF) to build wealth. In Singapore, the ETF that tracks the Straits Times Index, which is a basket of Singapore Blue Chip companies like SPH,DBS, OCBC, Keppel Corp, SembCorp Industries are SPDR STI ETF (ES3.SI) or NIKKO STI ETF (G3B.SI). The expense ratio falls within 0.30% for ES3 and 0.40% for G3B. This compare to the 1% expense ratio typically of Unit Trust investing in Singapore. You can signed up for a brokerage account with Standard Chartered, Kim Eng, POEMS, UOB Kay Hian to get started.

1. Plan your budget, and identify ...

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