facebookI don't know anything about investment, should i start investing in DBS Invest-Saver or FSM1 RSP? What should i buy and get started? - Seedly

Advertisement

Anonymous

23 Jul 2020

General Investing

I don't know anything about investment, should i start investing in DBS Invest-Saver or FSM1 RSP? What should i buy and get started?

Discussion (1)

What are your thoughts?

Hey there!

Personally i use FSM1 RSP, the commission fees are quite competitive and interface is relatively easy to use. You will want to look at which ETF to track. Some ETFs represent a particular industries or countries' stock market so you have a wide variety to choose from eg. Vanguard S&P500 represents US market, Hang Seng index represents the Hong Kong market etc. You might want to opt for an ETF that has a low tracking error and expense ratio because this will eat into your earnings over the long run.

Before you embark on your investment journey, do ensure you have your insurance sorted and at least 6 months of emergency funds set aside. This is to ensure in the event you dont have to liquidate your investments to pay for medical bills in the event of an illness.

All the best!
Financial planning is an integral part of life. You can reach me here to find out more.​​​

Write your thoughts

Advertisement