facebookAbout to enter uni in Aug, was thinking to start growing money earlier in life, I was thinking if investing $100 in StashAway and $100 in POSB InvestSaver monthly is a good choice and increasing it further when I start earning money when I graduate.? - Seedly

Advertisement

Anonymous

15 Nov 2019

Robo-Advisors

About to enter uni in Aug, was thinking to start growing money earlier in life, I was thinking if investing $100 in StashAway and $100 in POSB InvestSaver monthly is a good choice and increasing it further when I start earning money when I graduate.?

Discussion (6)

What are your thoughts?

Soon Xiaohui

Soon Xiaohui

27 Jun 2018

Level 6·Analyst at Common Place

It is always good to start with the small amount first when you are new to investment. This is to allow you to understand the platform (you are using) and building your investment psychology (understand how the markets may perform)

But always make sure you have emergency fund ready before you increase your investment amount after you graducated

Hi Anon,

I think that it is definitely a good choice to start exploring and investing in small but regular amount early! However, you should also keep in mind certain factors: (not exhaustive)

My main concern would be that you are looking to invest $100 on a monthly basis and the expenses per investment might be too exhorbitant for you case. (Please look up the current expenses and do not take my word for it!) You might want to consider robo-advisors as an opportunity because of the lower management/expense costs for lower amount investments.

Speaking from personal experience, I also started off with a RSP (DCA approach) and "automatically" investing into the STI ETFs and after completely forgetting about it for awhile, I am quite contend with my investments account balance! I think that the next step would be to look into specific asset classes and decide which asset classes would be interest you and suit your investment objectives and needs!

Other than all these investment experiences that I have had, it would be nice to have a balance of life and academics during your university life! Explore all the opportunities out there for you while you enjoy the best time of your life!

(https://solutions.kristal.ai/seedlypost)

Steph Yeo

Steph Yeo

13 Nov 2018

Level 8·Auntie Uncle Whisperer at Agency for Integrated Care

Sounds like a good plan, but pls still have enough to eat healthily ok?...

Read 4 other comments with a Seedly account

You will also enjoy exclusive benefits and get access to members only features.

Continue with Facebook
Sign in with Apple

Sign up or login with an email here

Write your thoughts

Advertisement