I am a student waiting to go into NS and I am curious as how and where should I go to start in investments? What are the differences between trusts and shares? - Seedly
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Anonymous

Asked on 02 May 2020

I am a student waiting to go into NS and I am curious as how and where should I go to start in investments? What are the differences between trusts and shares?

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Hi Anon,

You can cherish this time before you enlist to research on how to invest and what are the difference between each asset class and their nature.

When you enter NS and do not have any use for the monthly allowance, you can actually start a regular savings plan with as little as $100/month to any platforms that fits your situation and kick start your investment. Furthermore, you can gain more experience and study more on investments along the way during your national service.

If you need some consistent guidance to answer your personal questions, feel free to consult any licensed financial services consultant or can reach out to me too! All the best!

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Puah Hao Yong

02 May 2020

Thanks for the advice!
Wilson Nid A Break
Wilson Nid A Break
Level 9. God of Wisdom
Answered on 02 May 2020

Download the national library app libby.com, and start borrowing all kinds of introduction to personal finance / value investing books out there to bump up your financial literacy.

It is not possible to learn the nuances of investing just by going around and ask a few " here & there" questions.

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Puah Hao Yong

02 May 2020

Thanks for the advice!
YT
YT
Top Contributor

Top Contributor (Jun)

Level 9. God of Wisdom
Answered on 02 May 2020

By trust, I assume you are referring to 'unit trust' since 'trust' itself means something entirely different.

Unit trust is a investment vehicle (tool) where investors pool their money together for a fund manager to invest. The fund manager can then use the money to invest in asset or debt securities, depending on the benchmark. Shares or stocks represent an ownership in a comapny. Unit trust can invest in shares (equities) but not the other way round.

In NS, I feel the environment and culture makes you more brain-dead as time passes. During my break (weekends or leave), I would read up more about investments through blogs, books, and videos online. Closer to ORD, I took on some courses and studied ahead for uni. I did lesser stock investments and shifted to more regular savings plan.

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