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Anonymous
Am I investing “enough”?
Hi, I’m a student who’s graduating next year, 22 this year. I currently have 2.6k in StashAway ($100 per month) and 2.5k in SingLife, and about 5k left in savings. I’m starting to panic a little about my finances, and I feel like I’m not investing “enough”. Is this amount ok for a student, and how else can I invest safely?
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Until one reached their financial goals, its uninevitable to feel its "never enough".
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Yeap Ming Feng
16 Sep 2020
Head of Seedly at Seedly
Hi!
Good job on kicking start your investment journey at such a young age. Super impressive.
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You are actually doing well already!
I think one of your main concerns is that you are not actively investing. Meaning to say you are not picking individual stocks and bonds and hence you feel left behind amongst the sea of others who do so.
I can assure you, putting 100/month into StashAway might have already put you ahead of some of them as it is a good way to hedge against huge dips in the market. You are practicing passive investing. If I were to suggest something else that you can do, it would be to start an RSP with FSMOne to invest into the Vanguard S&P 500 ETF if you have the additional funds. Take advantage of the US's strong growth and ride on its momentum to maximise your returns in the long run.
Hope this helps :)