26 Jun 2021
Can I start investing small amounts, say $100 to $300? I am still in uni but I would like to start investing! I am still new to this whole investing topic so I would like to get some advice?
It would be great if you can give me some advices on where and how to start. Thank you :)
Most definitely, especially for stocks.
Apart from books, I like to read Berkshire Hathaway's annual reports over the years to understand how they look at being successful in portfolio performance. That said, it's possible to keep reading (and reading) and not action on anything.
Which brings me to my second point.
Form a conviction in a stock, and make a small position in it.
Hope this helps, and all the best!
Yes it's possible. There are a range of instruments that will take in such amounts. Common ones will be POSB's Invest-Saver where you buy into the STI ETF or a bond fund, Maybank KE's monthly investment programme where you can set a minimum of S$100 to buy into local stocks. Robo advisories like Stashaway (no minimum) and Smartly (minimum S$50) will also fit into this budget. All these are on a monthly basis.
As you are new to investing, may be a good idea to read up first. Books like Millionaire Teacher (local SG context), Intelligent Investor are great reads.
Since you are still in uni, perhaps you can see if your school has an investment club that you can join? Best to have a circle of people around you who are also passionate about investing.
Hope this helps, and all the best.
Hi Anon! Yes you can definitely start investing with small amounts. I'm 22 and I think the best bet ...
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