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Anonymous
I'm currently still in uni, looking for ways to start investing, approx. $100-200 monthly via RSP with POSB?
And also, I understand that there are possible risks of losing the capital. But am I right to say that if I were to start investing now, and in 5 years the economy is doing better than the current market, I would not lose any of my capital?
Sorry in advance if my question is not phrased in the best way possible. :)
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Ngooi Zhi Cheng
08 Oct 2019
Student Ambassador 2020/21 at Seedly
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Hi anon, I am a uni student too, rather than investing the $100-200 into STI-ETF, I recommend that you build your warchest to buy stocks that will give you better returns than the STI. Don’t be afraid of losing your capital, we are at the age whereby we should be making plenty of mistakes!
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Elijah Lee
07 Oct 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon, when we talk about the long term, we're looking at more than 10 years, easily. What would b...
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Hi,
Please don't place a time horizon of 4-5 years for yourself at such a young age. Why do you wish to only invest 4 - 5 years? Do you need investment capital for something? Why are you starting to invest?
These questions will help you with your investment journey. While many of the comments below are talking about finding more information, my recommendation is to start while you can (with a low-risk option) AND find out about investments and its related knowledge to slowly refine your portfolio!
Of course, do look for a trusted advisor to clear your doubts with regards to investments and its intricacies, you can DM me if you have any questions!