Asked on 15 Nov 2020
I worry that i won’t have enough funds to thrive in Singapore, and i want reliable and solid backing on how can i invest and start earning income that is not just sustainable, but also to have more than enough for rainy days.
If you are looking at the stock market, you should at least have $10,000 before you start. With at least 10K, you should be able to diversify your holdings.
Otherwise, you can consider getting ETFs which is a basket of stocks. With a much lesser amount, you would be instantly diversified and reducing your risk.
Last but not the least, you can consider Robo-advisors like Syfe, StashAway, and many more. You can start as little as $1 and these platforms will help you to invest into ETFs/Mutual Funds for you.
I have recently done an article comparing the returns I got from StashAway, Syfe, and DBS digiportfolio. Do check it out if you are interested.