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Anonymous

27 Feb 2024

General Investing

How much should one have and at what age should one start investing?

Hi,

How much should one have as capital to start investing? or at what age should one start investing?

Background info:

I'm currently studying in Uni, no fixed income, 6mth emergency funds saved (from bursary funds), would like to start investing or making my idle/liquidable funds to work for me. E.g. T-Bills, SSB, FDs, Cash Management Funds, etc.

How much should I try to invest per month to start off small? And which platform has the least risk to lost my capital funds?

Discussion (26)

What are your thoughts?

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There isn't a recommended sum to invest on a monthly basis since you do not have fixed income as a student. Invest in amounts you are comfortable with. Platforms like Endowus, Tiger, Moomoo, etc are fine.

Hi. I'm using chocolate finance 'cos their 4.2% pa returns on first 20k which is higher than most FDs now.

I like that I get daily returns and I can withdraw anytime - tried and tested witj $10 before diving in xD

Check it out and sign up with my invite link: https://share.chocolate.app/nxW9/197g3hn3

you can consider

cheers!

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There is no fixed capital to start with. Most importantly, cultivate the habits required

As the saying goes, the best time to invest was yesterday and the second best time is today. The ear...

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