facebookHello, i’m currently an undergraduate, would even putting $100 into it while i’m studying and part-time working even help in any return? - Seedly

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Anonymous

24 Dec 2019

Robo-Advisors

Hello, i’m currently an undergraduate, would even putting $100 into it while i’m studying and part-time working even help in any return?

Just wondering if $100 will even be beneficial to start. If not which platform can i try? with minimum balance.

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Pang Zhe Liang

24 Dec 2019

Lead of Research & Solutions at Havend Pte Ltd

Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-pers...

Before you start investing, it will be best to understand your objective. Here are some questions to help you:

  1. What is your capital?

  2. How will you want to invest your capital? E.g. lump sum or an amount on a regular basis

  3. How long will you want to stay invested? E.g. 10 years

  4. What is your risk appetite? E.g. How do you feel about short-term volatility?

  5. What is your objective for investing?

Now that we have a clear understanding about our cashflow and investment objective, understand how your capital will work, e.g. to invest one-time of $100, or to invest $100 monthly.

If you are going into the latter, then you can consider adopting the concept of dollar cost averaging. Here is how it works: https://www.blog.pzl.sg/dollar-cost-averaging-s...

While the start-up capital is small, everyone starts from somewhere. The key thing is always to find out how we are going to grow every penny into a dollar, and every dollar into a note. Rome ain't built in a day.

Here is everything about me and what I do best.

Since the amount $100 is relatively & nominally small, it will only help to a small extent in return...

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