how can a poly student like me start in the investing world?

I have tried going on singapore owned financial blogs detailing about investing, but as a noob who has recently only even heard about investing, i have no idea what they are talking about.

i would, however, still like to learn on how to start by going into SSB since it is low risk and i can withdraw anytime.

is $1.2k in my bank enough for me to start investing? i have another $1.6k coming in from my bursary and i earn around $700 per month from part time jobs!

Discussion (10)

What are your thoughts?

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Frankie Rappaport

08 Mar 2020

Some inputs here:

https://seedly.sg/questions/what-is-your-genera...

know thy stuff well, read and experiment a bit with smaller sums, add regularly, don't panic

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Gabriel Tham

05 Jul 2019

Tag Team Member at Kenichi Tag Team

I would say build up your savings and capital first.

By building up your savings, you would have built up good spending and saving habits. This will carry you a long way in future. If one is unable to save well, then investing is not going to help much in building wealth.

Along the way, you can learn more about investing through books, free courses and videos, online blogs.

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Cheng Yuan Yong

26 Jun 2019

U can try doing Regulare Savings on DBS bank for the STI ETF

as it gives flexibility, u can stop, hold, take out anytime u want

that could be a good way to start!

("'')(^_^)(''")

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Wrong Sean

23 Jun 2019

If you are in poly, I believe you have time on your side i.e. you are young. Time is the most important resource that you can have.

Since you are asking about investing, I am assuming that you also are aware of the importance of savings and protection. Do a 360 review if you have not thought about them. This reply will focus on the investing portion and taking a very long term view.

Invest as much as you can, as early as you can. Then let time do its magic. Compound interest works on the same principle.

You can choose to go with a low cost monthly investment plan into ETFs or robo-advisers with a portion of your planned investment amount. The other portion can go to SSBs.

Learn along the way but get started first.

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