facebookI am thinking of investing a sum of money monthly, but I am not sure where I should start. What are some recommendations for me to start investing? - Seedly

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Anonymous

30 May 2020

SeedlyAMA

I am thinking of investing a sum of money monthly, but I am not sure where I should start. What are some recommendations for me to start investing?

AMA The Fifth Person

Discussion (12)

What are your thoughts?

Hello! Some of the available places to invest are SSB, STI ETF and Robo Advisors

SSB involves the invesment in the future of Singapore by loaning the government some money. The minimum sum to start is $500. The risk level of this is rather low.

STI ETF would be recommended to those with low commitment investing and for those taking a passive way for long term investment. It involves the betting on an index fund which tracks the top 30 companies in Singapore. The minimum sum to start is $100. This carries a rather moderate risk.

Robo Advisors is similar to the purchase of the STI ETF but it is for those who wish to diversify globally. There are currently 3 players offering this service, StashAway,Autowealth and Smartly. The minimum investment can go as low as $1. This carries a moderate risk.

It would be good to research more and see which type of investment that you are most comfortable in.

View 1 replies

Wong Ming Yao

Wong Ming Yao

04 Dec 2019

Level 8·Product and Community Associate at 8VIC Global Pte Ltd

Hi,

1) If you have a sum of money, firstly set aside an emergency fund for rainy days.

2) make sure you have protection for your downside, health, critical illnesses, and personal accidents

3) Any FREE cash after point 1 & 2, then take out a portion to invest in the most important thing - your own knowledge.

Buy investing/financial education books: Rich Dad Poor Dad, One up Wall Street, 5 Rules of Successful Stocks Investing.

To start off investing monthly, you can consider looking at ETF such as S&P500, STI. Or Savings bonds such as SSB. After learning the ropes of investing, you can then start off identifying quality businesses to buy in.

Watch online investing videos to learn the ways of Warren Buffett.

Victor Chng

Victor Chng

07 Jun 2019

Level 7·Co-Founder at Fifth Person Pte Ltd

Hi,

You can start looking at index ETF...

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