facebookIm a student age 21. Currently i only earn 200 from my part time job. How can i start to invest? - Seedly

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Anonymous

18 Apr 2019

SeedlyAMA

Im a student age 21. Currently i only earn 200 from my part time job. How can i start to invest?

AMA The Fifth Person

Discussion (2)

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I answered a similar question on another thread! I would recommend saving up for your emergency fund first. Assuming you already have that emergency fund in place and any excess is for investments:
With $0: Start investing in your own financial knowledge:

  1. Read forums for financial knowledge. SeekingAlpha, MotleyFool, Seedly etc.
  2. Read quality news: Financial Times etc (subject to paywall)
  3. Read books on both Value Investing and investments in general. Assuming you are based in Singapore, our National Library is a good place to start.

With $100, if you really want to start investing with small sums: You can start investing with as little as $100 with Monthly Investment Plans for a start. Some to look at are:

  1. POSB Invest Saver
  2. OCBC Blue Chip Investment Plan (BCIP)
  3. Maybank Kim Eng Monthly Investment Plan
  4. Phillip Share Builder Plan

Victor Chng

21 Feb 2019

Co-Founder at Fifth Person Pte Ltd

Hi,

You should not start to invest first. You should save up more money.

Make sure you save up at least 6 month of monthly expense as an emergency fund. Anything excess then you have the right to invest in the market.

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