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What can I invest in to earn some extra pocket money as a student?

I’m 18 this year, currently Year 1 in poly studying business.

Should I be looking at blue chips or something else? Thank you!

Discussion (6)

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Cryotosensei

10 Jun 2020

Blogger at diaperfinancingfund.blogspot.com

Hi Wen Jie,

if you have an OCBC account, maybe you can download Google Pay, generate your referral code and earn some petty cash when your contacts make their first payment through it. It’s valid until 30 June.​​​

Andy Sim

05 Mar 2020

HR Professional at a Financial Institution

Hi Wen Jie,

Good that you're thinking about investments at your age and trying to get exposed to the world of finance early on, I wished I had done so when I was your age haha.

But as much as you are eager to start investing, you can do so by first reading more about the different investment methods out there, familiarise yourself with the jargons etc.

In the meantime, focus your efforts on increasing your income by taking on part time jobs or by learning new skills or take up a hobby you have passion in. You'll be more concious about the value of money and what it can do and also make you more independent. By then, the savings you've accumulated will also be substantial enough for investments.

I would recommend diversified S-REITs, not single stocks.

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