Asked on 06 Mar 2019
Arpita Mukherjee, Community Evangelist at Kristal.AI
Answered on 05 Nov 2019
There is no specific age to start investing. If you have funds at your disposal, invest it. There are plenty of safe ways to invest your money. You can go for REITs, other ETFs and bonds, but before you do that, I'd suggest you read up as much to understand what a Robo-advisor really does. Robo-advisory platforms assess your current financial position and recommend a portfolio strategy after reviewing your risk profile. These bionic advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees. And the best part is that they give you the most unbiased advice.
You can read here for a better understanding.
I work at Kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.
I hope this helps you make the right decision.
Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
Answered on 07 Mar 2019
Theres no specific age. The earlier you invest, the better for you. But please get your emergency funds, insurance ready first and research before you start investing. Dont invest in things you dont understand at all.
I think most of the comments here have emphasized that right now is always the best time to invest, ...
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