I am a fresh grad and will start working in July. Are there any investment plans I can tap on to build my finances? Thank you!?

Bonds (Government such as SSB and corporate ), equities (STI ETF, Blue Chip stocks), P2P Lending (at a rather infant stage) and many more you can research on! :)

A good start for you to kick start your investing journey!

​

Some of the preferably considerations you could take into includes:

1) Making sure you are insured (Insurance Policy)

2) Have two bank account (1 for expenses and 1 for investment that have high interest rate savings account)

3) Have a good portion of around 6 months of income or expenses as emergency savings

​

You could start planning your financial roadmap like allocating your monthly salary in the 20% savings, 50% expenses and 30% wealth or something that suits you better.

​

Some of the investment plans that you could starting tapping on is STI Exchange Traded Funds (Passive Investing) by employing Dollar Cost Averaging where you put out a fixed amount of sum every month to accumulate shares no matter the different market conditions.

​

E.g

Date Price Shares Cost

Jan 20 5 $100

Feb 15 6.66 $100

Mar 10 10 $100

April 18 5.55 $100

Total 27.21 $400

Avg Price Per Share $14.70

​

So basically you average out the price during a long term period of investing where you accumulate more shares if prices dropped and accumulate lesser shares if prices rises. You could start this as little as $100 on POSB Invest-Saver on autopilot mode where they will deduct on your account $100 every month and buy shares on your behalf.

​

Insurance - https://blog.seedly.sg/working-adults-what-are-...

High interest rate - https://blog.seedly.sg/best-savings-accounts-2018/

Financial Roadmap - https://blog.seedly.sg/working-adults-allocate-...

Dollar Cost Averaging - https://blog.seedly.sg/working-adults-easiest-w...

STI ETF - https://www.posb.com.sg/personal/investments/in...