facebookI'm 19 and have over $15k saving, how much of it should I invest, and what to invest in? - Seedly

Anonymous

18 Apr 2019

General Investing

I'm 19 and have over $15k saving, how much of it should I invest, and what to invest in?

I'm about to start uni this year on a scholarship so I will not need to use my savings, also parents are able to support me financially but I would prefer to not get money from them.
If I left all my savings in savings account it will be losing value to inflation so I want to invest it.
How much of an emergency fund should I keep?
Should I invest everything in STI or buy other company stocks too?
Also, should I be completely invested now or DCA and wait for a recession to buy more stocks?

Discussion (8)

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Be careful on any advise received n be informed.

Invest in ownself the best form of investment.

Do you know your risk profile? (How much you are comfortable with invested in what type of risk vehicles?)

The most important asset that you have right now is time. Invest in your knowledge, learn how to invest in great companies. In the long run, you will be able to compound your capital several times. Using $15k, you can be very selective and invest in 3-4 great companies. Go out and learn!

Anonymous

07 Apr 2019

Bachelor Of Accountancy at Singapore Management University

Hi Anonymous!

First thing first, i think you should be commended for your maturity and humility in thinking of and asking for help on personal finance.

Like the phrase, personal finance is not just about math and logic but it is also PERSONAL. So it boils down to your plans, ask yourself these questions:

  1. Can i predict when i will get married?
  2. Can i predict when an emergency might hit my family or myself?
  3. Can i predict whether or not i will buy a luxury item?

Now the bottom line is this, there are a few things in life you will never be able to predict, like qn 2 and to some extent qn 1 too.

There are however decisions like qn 3 which are within our control. So what I'm saying is this:

  1. At your age, there are too many variables to do "long term" investment at a substantial amount, so start small and experiment. Use at most 10% to trade and learn more about the financial markets. Education is more important than results at this moment.
  2. Keep a prudent emergency fund, even if your parents are supporting you financially. #adulting
  3. Learn, learn and learn. Continue to ask great questions like this one and continue to learn. I'm sure you will do just fine financially 😊👍

Ernest Yeam Wee Leong

06 Apr 2019

Content Creator at www.youtube.com/c/JustBeingErnest

First put away six months worth of emergency money

next ensure that your "defenders" (insurance) are in place

then go for investment courses to learn how to invest and what to invest

Hi members,

At your age to have this amounts of moneys in hand is so good. Having scholarship to s...

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