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Anonymous Poster
18 Aug 2020
And what should he/she be investing in?
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Rachelle Lye
18 Aug 2020
Digital Marketing at Fintech
Hey there Anon!
Yes definitely, it's always good to start your investment journey early (trust ...
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If you have your emergency funds set aside, then starting to invest slowly with free cash is a great idea.
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The frequency and amount you put towards investment really depends on your situation. There are many platforms you could use. e.g. moomoo, tiger, fsm, syfe, etc. There are also regular investment plans offered by banks e.g. BCIP,etc
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Do keep in mind that there are risks in investing. Study what you intend to invest in. A word of caution though, never invest money you cannot do without. As you are young, you can afford to focus on long term investments, unlike those who intend to retire in the next few years. As you and wait for the market to recover.
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When I first started working, I put away my money in Fixed Deposits, as the interest rate was favourable then. Choose the investment you pick up based on the type of returns you prefer, e.g. dividend, growth, etc.