facebookI am currently 25 this year and have managed to save $10K, is it a “good” amount to start investing or to keep saving for the future? - Seedly

Advertisement

Anonymous

29 Feb 2020

Random

I am currently 25 this year and have managed to save $10K, is it a “good” amount to start investing or to keep saving for the future?

Discussion (23)

What are your thoughts?

Learn how to style your text

Set goals, look at your cashflow, speak to a financial adviser to speed up your learning curve.

Educating yourself is the best investment at this point.

My recommended steps would be: (1) Set aside 3-6 months of expense for emergency funds, (2) Get insured most important is hospitalization, (3) Short term funds ( 5 years) in Savings Account, SSB, or Bonds; (4) Long term funds (5 years) in Stocks.

Nobody can tell you how much is enough. Every individual is different. In my opinion, you can start investing using regular savings plan or robo advisor with as little as $100 per month. in the meanwhile, you can keep saving more money before you invest in stocks.

always is the right time to invest.

don't think to much on market up's and down's, nobody knows the future.

more on my thinking:

https://seedly.sg/questions/what-is-your-genera...

Jason Sing

17 Sep 2018

School Of Hard Knocks And Life at School Of Hard Knocks And Life

It is a decent amount for investing. But that should not stop you from saving more to raise more cap...

Write your thoughts

Advertisement