How should I start my investment journey at 21 y.o?

Hi there~ As many others mentioned about roboadvisors, I would like to recommend it as well, since you're new to investing. Just like you, I'm pretty new to investing as well and I've recently started investing with stashaway at $100/month. This approach is known as dollar cost averaging, which is something that I prefer as I don't need to "time the market" (and idk how to also haha). DCA w/ the power of compounding is also advantageous to young people with time on their side, as history have shown that returns show a positive trend over the long term. So i guess this is the first step you can take.

PS. there's a seedly page comparing all the roboadvisors, you may want to read it up before choosing one that suits you the most.

All the best :D

Based on what I know, my suggestions will be robo-advisors first because you have to do quite an amount of research for manual picking (be it ETFs, REITs or stocks). Robo-advisors help you do some investment while you learn about manually picking your investment. Do find out a little about what the robo-advisors invest on. After some time of learning, start investing small amount of money on what you learn. Don't spend too much time learning without investing. Know your risk appetite too. Lastly, once invested, take it as it has been spent so you don't have to go on an emotional rollercoaster (unless you want to be day trader, idk)

Hi anon, I would say start off with investing in yourself by gaining investing knowledge if you haven't done so. You can find an investment guide here from Seedly: https://blog.seedly.sg/ultimate-personal-financ....

Like Chris mentioned, you can look into passive index investing/robo-advisors to help kickstart your investing journey as well.

Generally, I would rather invest in ETFs or in robo advisors than putting money in ILPs due to the high fees involved in the latter.

Agree with Chris and others, avoid ILPs for reasons that others shared.

How to start investment at 21? :

1. Learning - Read up more and keep reading to learn more. Can start here at seedly website "Contents" area : https://blog.seedly.sg/ and other recommended financial blogger.

2. Practise/Actions - Never try never know : After reading more above, you can start small like $500 to learn / experience more.

By continuously repeat the above 2 steps, you'll grow better and better over time.

All the best. Cheers.