How much do you need to be earning a month before you can even consider investing? - Seedly
 

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Investments

Asked by Leong Wen Fong

Asked on 14 Aug 2018

How much do you need to be earning a month before you can even consider investing?

I'm not earning much at the moment, but want to learn how to invest, how much should I look to earn before I can consider this?

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Ck Chai
Ck Chai
Level 4. Prodigy
Answered on 19 Sep 2018

I think what matters more, is not how much you earn but how much spare cash you have... becoz one can start investing with as low as $100/month with the DCA plans with POSB / OCBC.

The basic fundamentals need to be in place, e.g. emergency fund & ins protection, before you start investing.

Usually it will take a few years to see the compounded earning for your investments. Always be reminded that investment bound to come with some risk, at times, you may need to hold on to the investment a bit longer than expected due to market condition. Therefore, the money used for investment should be spare cash that you do not forsee the need to use for the next 6 months or in fact, for the next few years.

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Saving is the Mother of All Investment.

Every Investment have a risk.

If the amount invested does not give Good Returns, is ok to just keep Saving first with High Yield Account if the amount is possible.

In my opinion, instead of focusing on Investment, you should focus on Savings that can cover your asset purchasing.

If the opportunity comes and you can delay the assest purchasing, the amount you save will become the "Investment" that gives you Good Returns.

Hope my reply helps.

If you feel this reply have Quality, please upvote and check other Quality Reply.

https://seedly.sg/profile/a-kenichi-xi

Thank you.

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HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Answered on 19 Sep 2018

Any amount you earn can start investing. Even for $100 monthly into POSB InvestSaver of $100 month into STI is still a worthy investment. Slowly add more as you growth and earn more :)

Read this by Seedly to guide you on where to investment even with little :)

https://blog.seedly.sg/working-adults-easiest-ways-to-invest-a-monthly-sum-for-beginners/

Happy Investing!

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Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 6. Master
Answered on 19 Sep 2018

Do set aside emergency funds first before investing, ideally 3 months or more if possible. Other than this, it does not take a lot to start investing. Can set aside S$100 a month to buy into local stocks through Maybank Ke (widest range of stocks available for selection), or POSB's Invest-Saver programme.

There's also the possiblility of investing via robo advisories like Stashaway (no minimum amount) or Smartly (S$50 minimum per month).

Hopet this helps and all the best in your investment journey.

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Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered on 19 Sep 2018

As little as $100 a month! You can try the Regular Savings Plan from POSB!

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Jay Liu
Jay Liu, Diploma in Accountancy at KHEA
Level 6. Master
Answered on 19 Sep 2018

Can start investing with as low as $50(smartly) or $100(RSP).

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Zeeeee
Zeeeee
Level 4. Prodigy
Answered on 18 Sep 2018

Honestly speaking there isn't a minimum sum which you need accumulated in your bank to start investing, but often you should have a couple of months of emergency savings to tide over any storms which might hit you before jumping into investments! Sometimes you just gotta take the first small step, open a CDP account and see where that takes you:)

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Dawn Fiona
Dawn Fiona
Level 5. Genius
Answered on 14 Aug 2018

You can start investing from as little as $100 a month :)

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Gabriel Lee
Gabriel Lee
Level 6. Master
Answered on 19 Sep 2018

Hey there, it's nice to know that you're keen to start your investment journey! You can start from as low as $50 for robo-advisors, Stashaway and Smartly which invests into the US ETFs. You can also consider setting up a regular savings plan with POSB or OCBC to invest in the Nikko STI ETF or blue chip stocks from as low as $100 per month

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