06 Jul 2020
Hi! I’m turning 21 this year, and I am planning to start some form of investment. I was wondering if I could get some advice on some of the more popular RSPs!
Of course, this is after taking into consideration that I’ll definitely still have to do my own research, as well as set aside an emergency fund!
Any advice would be much appreciated, thank you!
The first step of your investment journey would be to read up and understand what investing is. Although there are so many financial advisors out there who can help you with this, I'd suggest that you go for a robo-advisory platform to do the job of assessing your current financial position and recommend a portfolio strategy after reviewing your risk profile. As for the "catch", I would say that Robo-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.
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.
Consider maybank ke. It has the widest range of stocks you can buy into on a monthly basis. Offers not just stocks here but also those in Thailand, Malaysia and US. Minimum of 100 a month to start and fees are 1%. Been using it for a couple of years and it's a great platform.
As with any investment, doing your own due diligence is needed.
Hey. As what Jansen have mentioned, you can go for POSB RSP.
I started with NIKKO AM STI ETF. So f...
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