Hi! I’m new to investing and would like to invest $100 a month. I have a low income but would like to grow my wealth. Any tips on which platform is better for someone like me?

I would advise that youset aside some emergency funds before you begin investing. Assuming that you have already done so, this is the approach I would take if I were in your scenario:

• Spend the next 3-6 months investing in myself, whilst accumulating a larger pool of cash. With the $100 each month, I would spend 20% of it investing in courses/books that will boost my financial literacy. The remaining will be saved up.

• At the end of the 3-6 months, you will ideally have a better understanding of the financial markets, and know what kind of market instruments best suit your needs. You will also have a larger lump sum of cash to begin with (~$500), which may allow you to invest beyond roboadvisors, if you choose to do so. With $100, I think you are limiting yourself solely to roboadvisors.

• After which, continuing with a $100/month investment (double check to make sure the eventual investment instrument you invest in allows this)

While my response hinges on the cautious side of things, I believe that it is important to get your fundamentals right, instead of rushing into the markets and risk losing your precious capital

Investing will not make u rich in most cases. You also have no wealth to speak of. The best way is to increase your income, change jobs and get higher salaries. Investing that tiny bit of money will not change your quality of life one bit

1. Regular Savings Plan such as DBS Invest Saver, OCBC BCIP and FSMOne. I personally recommend FSMOne

2. Robo-advisor such as StashAway, Syfe, EndowUs, etc. I personally recommend StashAway.

3. If you have high risk appetite, try Cryptocurrency. I personally recommend binance.sg or crypto.com.

Been seeing some posts here about investing into the S&P500. Don't think that is possible unless you can manage to increase the amount you can set aside for investing. The ETFs that track the S&P500 are ranging from a few hundred dollars USD onwards per share.

Based on your contribution amount, robo advisories will be a good idea as firms like Stashaway does not really have any minimum account balance required.

That said, you should set aside your emergency funds and get your insurance protection plans in place first before you start investing. This will allow you to cushion any impact an unforseen situation may cause.

Hope this helps. ​​​