Advertisement
Anonymous
It would be great if you can give me some advices on where and how to start. Thank you :)
15
Discussion (15)
Learn how to style your text
Victor
26 Jun 2021
Financial Service Consultant at AIA
Reply
Save
Definitely agree with the comments posted. Like what many has said
You can find a bank and start an investment program with them. The minimum sum required is $100 per month (e.g. OCBC- blue chip investment program).
You may use roboadvisor instead. However, do note that for roboadvisor, some may require an initial lump sum before allowing you to setup monthly investment plan. (E.g. AutoWealth require an initial sum of $3,000 and subsequently able to put in monthly scheme of $100).
Therefore, may you can research on which platform offer you the best plan before engaging the service. Do remember to look at the management fee. Roboadvisor generally have a fee of around 0.08% while banks might charge $xx per transaction and will be in percentage if exceed certain amount. Do the calculation to find the most cost saving platform to use.
Reply
Save
Yes you can! Depending on your appetite, you can consider robo-advisors and regular saving plans. If you are planning to invest a lump sum to test water and diversify your investment globally, you can consider stahsaway or syfe with no minimum amount to start investing. If you are planning to invest monthly, there are regular savings plan which you can choose to invest in local ETFs.
To understand how ETFs work: https://blog.seedly.sg/a-beginners-guide-on-how...
Reply
Save
If you’re new ... -> Robo Advisors!!!
Reply
Save
Shania Loh
10 Aug 2020
Seedly Student Ambassador 2020/21 at Seedly
Hi Anon! Yes you can definitely start investing with small amounts. I'm 22 and I think the best bet ...
Read 9 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
4.8
783 Reviews
Maximum Interest: 2.50% p.a. for balances up to S$50,000
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
4.7
212 Reviews
4.4
321 Reviews
Related Posts
Advertisement
Possible with robo advisors now