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.
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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.
You can start looking at index ETF...
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