facebookI'm 25 y/o, holding a full time job and going to study part time soon this year (~25K total with bank loan). I only have 28K in my bank (parked all of them at SSBEC). Should I start investing? - Seedly

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Anonymous

19 Jun 2020

General Investing

I'm 25 y/o, holding a full time job and going to study part time soon this year (~25K total with bank loan). I only have 28K in my bank (parked all of them at SSBEC). Should I start investing?

25 y/o, holding a full time job and going to study part time soon this year (~25K total with bank loan). I only have 29K in my bank (parked all @ SSBEC). Usually after all the expenditure and my insurance, I have $800 left. I will dump $700 into my SSBEC cos of my uni fees (payable after my whole uni is over (no interest rate))

Now Im not sure if i should start investing due to my uni.

Discussion (5)

What are your thoughts?

https://www.aaronleow.com/calculators

You can use this page to do your basic financial guidelines and skeleton.

After-which, you will need to do some financial projections tied to your 10 year financial goals. I started investing when I was 17. As such, I will not use university as a factor to dissuade anyone from starting their investment journey.

Go to libbyapp.com and login via your NLB account, and go borrow as many personal finance / value investing books. Borrow books that are written from a practictioner perspective. Can start with beginer friendly:

The Five Rules for Successful Stock Investing by Pat Dorsey

The Ultimate Dividend Playbook: Income, Insight, and Independence for Today's Investor, Josh Peters

If books are not your cup of tea, there are a couple good US financial youtubers to follow

Graham Stephan: https://www.youtube.com/channel/UCV6KDgJskWaEck...

PPCIAN: https://www.youtube.com/channel/UCXtrYuGksGkkyl...

Nigel Tan

Nigel Tan

16 Jun 2020

Level 7·Executive Senior Financial Planner at Great Eastern Life

I would encourage you to build towards paying off your debt as soon as you can before you start inve...

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