Step 1: Start an emergency fund. Save enough to cover six months’ expenses. Keep this money in
a bank account where you can get to it immediately.
Step 2: Insure yourself. Get a hospital plan, and if you have people dependent on you, get term life
insurance for 20 years, with enough payout to cover five years of your income.
Step 3: Take the money and split it into two piles. Figure "110 minus your age" is the percentage
that will go into stocks, for capital growth and dividends; the rest goes into bonds, for income and
stability.
Step 4: Take the "stocks" pile and split it in half. Invest one half into an exchange-traded fund that
tracks Singaporean stocks; invest the other half into an exchange-traded fund that tracks global
stocks.（新加坡的ETF随便选G3B或者ES3都可以，区别不大;国外的ETF推荐LSE的IWDA）
Step 5: Take the "bonds" pile and invest it into an exchange-traded fund that tracks Singaporean
bonds.（本地的ABF，此外，CPF的储蓄也有类似功能）
Step 6: Each month, invest a regular amount into those same exchange-traded funds; put it into
whichever fund you're short of. （STI ETF可以考虑本地券商的定投服务节省精力，如DBS的 invest saver, OCBC的BCIP，maybank的monthly investment plan之类。国外ETF的券商选择，资金少的话推荐standard chartered，资金多的话推荐interactive brokers）
Step 7: Twice a year, in May and November, rebalance your portfolio—sell and buy the exchangetraded
funds to bring your portfolio back to the "110 minus your age" proportion.
Step 8: Go to the pub.
