08 Jun 2021
I am a fresh graduate (Free from debt) started my full time job. I wanted to start investing to have side income instead of using my time to trade for money(part time tuition) can you please advise me how do I start investing?
I heard from my friends, methods such as insurance saving plans, unit trust, SG bonds, ETF, autowealth roboadvisor, stashaway etc. I am planning to set aside $200 per month but I am not sure where to start for a beginner like me. Thank you!
Start investing in such young age is an amazing idea!
kristal.AI is another robo-advisor you can add to your list.
There is no fees for your first $50,000 investment which makes kristal.AI a great start for you, there are no hidden fees or catches. On top of that, you can use free algorithm feature to get investment advice on asset allocation, and to have a portfolio which fits your profile and suits your needs. This feature will come in handy especially for beginner.
Hope this helps,
Profile: No debts fresh grad just started full time job.
Target: Side income
Can read this by Seedly for a start:
With full time job, start budget and finanicial planning. Get basic protection (insurance first, then the $200 can either start somewhere as advice in the links above)
On the other hand, don't give up on Tuition as side income as it is your side gig supporting your main job. This side gig gives u the $ to save for war chest for investment and use some for holiday and others and even if one day you're changing or in between job, you'll always have this side gig as income. Safety net!
Meanwhile, read all the investment product reviews and choose what's fit you most.
Next, save about 1k+ and read review at: https://seedly.sg/reviews/investment-courses to attend investment courses and start taking things into own hands while continue doing full time job and side gig tutition.
This will allow you to achive whatever your financial purposes / dreams or FIRE early.
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