10 years ago, my friend did a form of mindless investment.

He thought investing in the STI ETF is a great idea.

The STI ETF is an exchange traded fund, that is listed on the Singapore Stock Exchange. It owns a basket of stocks similar to that of the Straits Times Index.

The Straits Times Index (STI for short) consist of the top 30 companies listed on the Singapore Stock Exchange. This index is jointly calculated by Singapore Press Holdings, FTSE and Singapore Stock Exchange.

When you purchase the STI ETF, it tries to mirror this STI Index, by buying and selling to achieve the same composition as the index.

My friend thought its a good idea to mindlessly participate in the growth of the top 30 companies in Singapore.

So he decides to put in $1000/mth into the STI ETF through his POEMs brokerage platform.

And he decides ...