17 Jul 2020
Taking into account the 30% withholding tax as well as brokerage fees. What would be the least amount (in SGD) I should have in order to even start investing? I’m having some difficulty doing the calculations.
The rule of thumb is to ensure that you have at least 6 months of expenses as your emergency fund. Personally, I will set for myself a higher target such as at least 12 months of expenses. You also need to take into consideration whether you have regular and consistent inflow of cash each month so that the investments will not affect your personal life. Lastly, you have to ask yourself whether do you have a sufficient insurance coverage. This is more important than starting investing.
Hello! You should try out Kristal, as they have no brokerage fees for the first 50k usd. As such, th...
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