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Anonymous
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:
What is your capital?
How will you want to invest your capital? E.g. lump sum or an amount on a regular basis
How long will you want to stay invested? E.g. 10 years
What is your risk appetite? E.g. How do you feel about short-term volatility?
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.
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Since the amount $100 is relatively & nominally small, it will only help to a small extent in return...
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