I have very minimal knowledge on investment. How do I start out for a fresh graduate working on my first job? Are there any platforms I can tap on? - Seedly
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Cherlyn Chen

Asked on 09 Jun 2019

I have very minimal knowledge on investment. How do I start out for a fresh graduate working on my first job? Are there any platforms I can tap on?

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Gabriel Tham
Gabriel Tham, Kenichi Tag Team Member at Tag Team
Level 9. God of Wisdom
Answered on 10 Jun 2019

Savings is the key.

Build up savings.

Start investing as early as possible, and invest consistently.

Avoid scams and get rich quick schemes.

There are many ways to invest and it depends on your risk profile.

There are also easy ways to invest using robo-advisors.

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Siow Nan
Siow Nan
Level 6. Master
Answered on 09 Jun 2019

Read and Learn from seedly and other investment blogs.

Build your emergency funds first, get covered by hospitalization plans.

save, and plan your savings Budget, maybe into high interest savings account for a start.

while achieving above goals, you should have read up plenty enough to start the next level or save up enough extras for riskier investments. Conservative ones are ssb and other bonds, then ETFs or unit trusts.. reits and equities (can start with blue chips)

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Ericsson Ting
Ericsson Ting
Level 4. Prodigy
Answered on 11 Jun 2019

Yes,you can read the various seedly articles which are interesting and insighting

also,you may want to...

1.Create your monthly budget

  • You are most likely going to spend more then necessary if you do have a pre-planned monthly budget. Keep a clear record of your earning and spending habits, and plan a budget accordingly.

  • In my case, I do not have a pre-planned budget but I have a fixed amount of cash in my wallet that I put at the start of the week allowing me to keep track of my expenses easily.

  • There is no doubt that credit and debit offer you an easy way to make payment. 

  • However, using cash will help prevent spending more as you will budget accordingly. You will also be protecting yourself from potential credit card theft and other fraudulent activities.

2. Get a piggy bank

  • It may seem childish, but starting a piggy bank is a great habit that will enable you to add to your savings. 

  • You can either fix an amount to put in your piggy bank daily or simply empty your pockets into it at the end of each day. 

  • In my case, I empty my coins out into the piggy during the weekend.

  • You can also opt for an auto transfer from your main bank account to your sub-account(money cannot be seen are money that cannot spend)

if you would like too invest,do visit my blog: https://sonicericsg.blogspot.com/2018/12/post-72week-48tipforthought10-financial.html

i am currently creating a series of post on my learning investing journey

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Jeff Yeo
Jeff Yeo, amateur Social contributor at School of social sharing
Level 7. Grand Master
Answered on 10 Jun 2019

A few things to setup

  1. insurance

  2. emgency funds

After that you can consider the following to level up your investment knowledge

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Steph Yeo
Steph Yeo
Level 6. Master
Answered on 10 Jun 2019

You're at the right place then, welcome! Search around the questions and answers here, most likely you'll find what you need and more! Then also pop over to our fb community for more regular and light-hearted discussions :)

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Start by saving 6 months of your income for an emergency expense that you do not touch.

Invest everything else you don't need within 3 years.

Invest globally, invest for the long term, and diversify across and within asset classes.

Easiest way would be to set up a globally diversified portfolio with asset allocation aligned with your requirement, willingness, and ability to take risk, through a traditional or digital financial advisor.

Seedly has tons of great articles on getting started, but do seek advice from professionals should you need closer guidance. :) Good luck!

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Yong Kah Hwee
Yong Kah Hwee
Level 8. Wizard
Answered on 04 May 2019

Read Seedly articles - they have a ton of good and relevant articles to learn from. Another tip is to no put your money into anything you do not understand. If you need to, you can ask questions on this forum and I'm sure we are all happy to help!

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Serene Toh
Serene Toh
Level 6. Master
Updated on 09 Jun 2019

Congratulations you’ve come to the right blog. Refer to the link below written by the friendly people from Seedly. Even if I don’t answer prob the admins will gave you this link

Your Complete Guide To Winning Your Personal Finance In 2019 (Guide Included) https://blog.seedly.sg/beginner-series-tips-seedly-money-framewor?utm_source=app&utm_medium=share

In summary, you should try to follow the sequence,

  1. Learn about your spending habits by recording all you spendings and creating a Budget. Adjust target accordingly.

  2. Save enough for Emergency savings.

  3. Get insured.

These first 3 items should be more than enough to occupy you for 3-6 months into your first job. If you have time, can do some reading on investments. But I really don’t suggest putting too much on your plate while you are trying to develop a new habit. “Simple” is the key to keeping to a good habit.

After putting aside your em funds and purchase your insurance, then you start to invest. Most of the guys in the blog will suggest you start with sti eft, if you want to invest while you are still “blur”. For someone with insufficient funds (I assume) can use regular saver, so it’s less strain on your month budget. There is also quite a few robo Advisors that are now in the market. Do note that these options are recommended for mid-Long term investments.

I’m really not the best person to answer questions on investments, so I shall await the answer of the Shi fus.

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First priority is always healthcare. The reason is simple - medical inflation hits 10% in 2019. Accordingly, a single medical treatment could potentially wipe out all your savings. To do this, it is always valued to have your own private integrated shield plan. Here is why: https://www.blog.pzl.sg/is-integrated-shield-plan-necessary-in-singapore/

After you have the basic foundation set up, you may consider a basic life insurance plan that covers for death, total & permanent disability, and most importantly for critical illness.

There are many options available in the market, therefore, take your time to understand which suits your needs. Here is a general comparison between a term and whole life insurance to help you with some basic understanding: https://www.blog.pzl.sg/term-vs-whole-life-insurance-singapore

Once you have a stable income, here is the general rule:

10% to 20% of your annual income on healthcare insurance and life insurance

Basic Life Cover = 10 times your annual income

Critical Illness Coverage = 5 times your annual income

Having mentioned that, this is a general guideline that may or may not work for you. The best way is always to have an in-depth understanding on your cashflow, current situation and future goals. It is only when we know you well enough, then it is appropriate to give you the best advice or suggestion that fits into your needs.

On planning your finances, here is a guide to help you do some tracking: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/

Accordingly, this is how I do my budgeting to ensure saving more money over time: https://www.blog.pzl.sg/how-to-create-a-monthly-budget/

Of course, speak with a professional who is capable of helping you analyse your situation and create goals for the future. This is like having a personal coach who is able to help you maximise your potential. =)

Here is everything about me and what I do best.

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Most people have minimal knowledge on it too! Don’t worry! ☺️

For starters, I hope you have your insurance set up and emergency fund growing. Don’t go into investments without doing those first.

With your first Job and having little investment knowledge. Focus on building up your knowledge, invest in yourself by going for courses and reading up books. You can set aside 5 to 20% of your income for self-education.

Speak to professionals like myself that are in such practice. Hear from them and understand the differences in the 6 major asset classes

There are some great websites out there to read too, do visit them.

Tap on those areas and you will grow!

Good luck

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Arpita Mukherjee
Arpita Mukherjee, Community Evangelist at Kristal.AI
Level 6. Master
Answered on 03 Dec 2019

Hi Anon,

There are plenty of safe ways to invest your money. You can go for REITs, other ETFs and bonds, but before you do that, I'd suggest you read up as much to understand what a Robo-advisor really does. Robo-advisory platforms assess your current financial position and recommend a portfolio strategy after reviewing your risk profile. These bionic advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees. And the best part is that they give you the most unbiased advice.

You can read here for a better understanding.

I work at Kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.

I hope this helps you make the right decision.

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Hi Anon,

Congrats on landing the job! I believe your concerns are very valid, and now you have the power of options :)

I think before looking into investing, we need to look at our protection first, hospitalisation and personal accident plans are the most foundational for every person in Singapore, have you looked into these?

Once you have those and when things have gotten more stable at work, you might want to consider looking into a Whole Life policy, as that will protect your income in the event unforeseen events happen.

Once you have those, then you can definitely start looking into investing because I believe the crucial components of income protection has been covered

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