26 Jun 2021
It would be great if you can give me some advices on where and how to start. Thank you :)
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.
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...
Hi Anon! Yes you can definitely start investing with small amounts. I'm 22 and I think the best bet ...
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