Advertisement
Anonymous
Hi all,
Recently I've just started my internship, I put in $300 into StashAway from my first month's pay. I'm trying to pave my way to financial freedom, honestly I got no savings but I really want to start saving and investing small at the same time :(
Can anybody suggest the general path I should take? Assuming my internship ends around September, I got 2 more payrolls to get. Each is around 1.3k.
My monthly bills are around $125. That leaves me with $1175.
9
Discussion (9)
Learn how to style your text
Reply
Save
Vincent Tan Wen Bin
15 Jul 2019
Assistant Vice President at Thinkers Alliance
Starting early into investing is a good idea. I believe a monthly method of savings and investment would be a good idea to start off with.
I do agree with Hariz too. Once you start investing, the only way to see the numbers grow faster is to invest in yourself and create a higher income.
A higher income will allow you to have a higher amount to put into your investments which in turn bring back a higher amount of dividends.
Reply
Save
Hi QP,
What were your plans when you deposited $300 into StashAway ?
Do you intend to risk these money for high returns or as a form of regular investments, hoping to build your goldn nest ?
Do note that StashAway is in USD, you need to factor in FX loss.
Be Wise and Safe in All Investments, Always :-) !
Reply
Save
Again, focus on establishing a healthy emergency fund of 6-9 months of salary. Investing can come after that!
Reply
Save
I see that you mentioned you have no savings at this moment. I do agree with Hariz that you should ...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
4.7
1296 Reviews
StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)
Cash Management
INSTRUMENTS
None
ANNUAL MANAGEMENT FEE
None
MINIMUM INVESTMENT
3.5%
EXPECTED ANNUAL RETURN
Mobile App
PLATFORMS
4.7
660 Reviews
4.6
934 Reviews
Related Posts
Advertisement
Stashaway works better with small monthly amounts. It's hard to time the market with lump sum which is strongly discouraged.
Remember that investing in Stashaway, you are exposed to currency risk as the ETFs are all in USD.
With regular savings plan, it could minimize the currency risk.