I am thinking of investing a sum of money monthly, but I am not sure where I should start. What are some recommendations for me to start investing? - Seedly

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Investments

Asked by Anonymous

Asked on 18 Feb 2019

I am thinking of investing a sum of money monthly, but I am not sure where I should start. What are some recommendations for me to start investing?

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Zann Chua
Zann Chua
Top Contributor

Top Contributor (Mar)

Level 6. Master
Updated on 07 Jun 2019

Hello! Some of the available places to invest are SSB, STI ETF and Robo Advisors

SSB involves the invesment in the future of Singapore by loaning the government some money. The minimum sum to start is $500. The risk level of this is rather low.

STI ETF would be recommended to those with low commitment investing and for those taking a passive way for long term investment. It involves the betting on an index fund which tracks the top 30 companies in Singapore. The minimum sum to start is $100. This carries a rather moderate risk.

Robo Advisors is similar to the purchase of the STI ETF but it is for those who wish to diversify globally. There are currently 3 players offering this service, StashAway,Autowealth and Smartly. The minimum investment can go as low as $1. This carries a moderate risk.

It would be good to research more and see which type of investment that you are most comfortable in.

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He Jian Hong
He Jian Hong

22 Feb 2019

FSM - MAPS also considered robo right?
Victor Chng
Victor Chng, Co-Founder at Fifth Person Pte Ltd

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Level 4. Prodigy
Updated on 07 Jun 2019

Hi,

You can start looking at index ETF

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Kenneth Lou
Kenneth Lou

21 Feb 2019

For example STI ETF!
Victor Chng
Victor Chng

21 Feb 2019

and Hang Seng ETF :)

Start with the safest options until you have gained more knowledge of investing.

Right now the safest is Singapore savings bonds.

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SSBs, STI ETF, robo advisors, CPF. You should do your own research about investments first and learn the basic. Dont just listen to others because everyone is different and have different goals which will have different types of investments. You need to know about the things that you are risking your money.

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