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
Seedly logo
Seedly logo
 

Advertisement

Anonymous

15 Nov 2019

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.?

6

    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

    Reply

    Save

    Share

      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)

      Reply

      Save

      Share

        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