I've made some small purchases lately for the child portfolio so I thought I made a quick update here.
In the past week, I've invested his share of money into the STI ETF (ES3) at $2.85 for 300 shares which I thought was reasonably priced here for the long term. This is in addition to the previous holdings he has in his current portfolio which I have updated almost a year ago (Link Here) when he was 1 year old. How time has flies.
The intention of the child portfolio was relatively straightforward.
Every year, he'll most likely receive his fair share of "ang bao" during the chinese new year and birthday occasion from relatives, grandparents and us (parents). Instead of putting this money into his savings account, which my parents did when I was younger, I decided to go ahead with the plan of placing it ......