What is the best basic/starter/beginner investment tool to use? Should go with low, medium or high-risk for now? Would an investment tool or a fixed insurance savings plan be better to grow money?

Hi there,

There are a variety of ways to do so. You may want to consider dollar cost averaging since that's less scary for a beginner At the start and once you've learned the ropes, you can opt to go in with a larger capital.

For people starting out, you can choose to do it through a financial advisor or a roboadvisor. Diversifying out your platforms is actually the best so you get a gauge of what works best for you, not just in terms of returns but service, growing in your investment knowledge etc. And you shouldn't be putting all your eggs in one basket Either.

If you fancy a human touch to help you journey through your investment journey while having the flexibility to adjust your portfolio any time you want depending on your risk appetite and strategy, you can consider doing it through a human advisor. If you feel that an algorithm-based way of investing works for you and you're okay with the lack of choice on how your portfolio is constructed, you can consider a roboadvisor. Both works over the long run.

You can consider investing through an ETF but do note that you will be fully exposed to the systemic risk of the market. So you can consider what your risk appetite is and start from there. All the best!

Financial planning is an integral part of life. You can reach me here to find out more.​​​

Insurance for protection, not for growing $$$. They just take ur $$$ invest in unit trust then lock in a period & charge u a fee.

Dont mix insurance and investment.

If you want diy.
Yahoo finance for all market stock & etf
Fundsupermart for unit trust

If you want foolproof for beginner
Robo adviser