I (35F) was recently laid off and very fortunate to be able to take a break before looking for a new job.
Post-layoff I came to the realization that I really have not been managing my finances properly. I have kept nearly all my savings in the bank and fixed deposit.
Is it reasonable to start DCA into ETFs without a job? I was planning to DCA S$2000 into the S&P 500 every month. My monthly expenses hover around $2000 and the mortgage can be serviced by my CPF.
The only unknown is when I will get the next job.
Thanks!
Cash and FDs 690K (20% chunk was recently paid out as retrenchment benefits + bonus)
US equities 160K
Unit Trust 40K
Gold 32K
Crypto 3K
Endowus 1K
CPF OA 165K
Outstanding mortgage (my half) 316K
Edit: Not very investment savvy and quite cowardly (when it comes to investments) because losing any amount of money seems very scary to me! A 20% chunk of the cash amount was also recently paid out as part of a retrenchment package and bonus.
Edit 2: Idk why some readers are so triggered. I grew up not talking about money very much, it was a very taboo topic at home. All my parents told me to do was get a good job and every dollar saved is a dollar earned.
Ironically, my dad was in banking but he never sat a single one of his kids down to talk about investing. The mantra was to save, save, and save some more.