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Anonymous

17 Jul 2019

Robo-Advisors

Should I be doing a lump sum investment or small monthly amounts with Stashaway?

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.

Discussion (9)

What are your thoughts?

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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.

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.

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 :-) !

Again, focus on establishing a healthy emergency fund of 6-9 months of salary. Investing can come after that!

I see that you mentioned you have no savings at this moment. I do agree with Hariz that you should ...

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