facebookI just started my first job and I have a RSP. I am interested in investing in other stuff however I am only going to turn 21 in a few months. Should I wait until I'm 21 to open a brokerage account? ? - Seedly
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Anonymous

Asked on 19 Oct 2018

I just started my first job and I have a RSP. I am interested in investing in other stuff however I am only going to turn 21 in a few months. Should I wait until I'm 21 to open a brokerage account? ?

Where should I open one?

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Answers (3)

MT2020

MT2020

Level 7. Grand Master

Answered on 09 Mar 2020

You are still young, it would be good if you can study more about investing first. the RSP is a good start for you.

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Thank You!
Can you clarify
I wonder if
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Hey! Education is the best investment, especially if you're starting late. There's tons of FIRE blogs are there, but if you're like most heartlanders in Singapore, with at least a 30 minute commute in the morning, i would suggest downloading the app Libby, where you can borrow ebooks from the National Library very user-friendly interface (wayyy better than the previous method of using Overdrive).

My top recommendation is the following book available as an ebook via Libby

Financial Freedom: A Proven Path To All The Money You Will Ever Need by Grant Sabatier. My personal review is that this book covers 95% of everything you need, including how to ask for a raise, how to start a side hustle, how to invest etc. If you need a great starting point, i think this is it. This was written by the blogger of millenialmoney.com and he also has a fairly informative podcast. Go check those out as well.

I guess i will end with: for almost anything, the best time to start was yesterday. But the next best time is today. And you dont have to start perfect, or start 100%, you just have to start. And i think the above book will give you more than sufficient strategies/tactics to get started in 90% the right direction.

Best of your luck.

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Yang Teng

Yang Teng

Level 9. God of Wisdom

Updated on 21 Oct 2018

You only have to be 18 to open a CDP account. Application form is here: https://www.sgx.com/wps/wcm/...

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