facebookI'm halfway thru uni and doing part-time during summer break. since i don't need to pay for any insurances/bills yet, do you think it's a good start to invest slowly? E.g. buying etfs every 3 months? - Seedly
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Anonymous

18 Aug 2020

I'm halfway thru uni and doing part-time during summer break. since i don't need to pay for any insurances/bills yet, do you think it's a good start to invest slowly? E.g. buying etfs every 3 months?

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    What are your thoughts?

    Rachelle

    Rachelle

    18 Aug 2020

    Level 13·Digital Marketing Associate at Seedly

    Hey there Anon!

    Yes definitely, it's always good to start your investment journey early (trust me, I wish I started when I was in Uni HAHA), especially when you have no liabilities at the moment!

    I think the first thing to do is to figure out how much you are able to set a side every month for investment.

    Following which definitely read up on the ETFs which you are keen on investing in. I see that you tagged STI ETF, that's a quite a popular choice for beginners.

    But it's only upon reading up more that I realised that the STI ETF has very limited growth potential compared to other indexes like the S&P500. So do read up more on the pros and cons, as well as the markets of specific ETFs before deciding!

    Other popular choices right now are Robo-advisors such as Stashaway or FSMOne. You could consider them as well!

    Hope this helps! :)​​​

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      Definitely ideal to start early if your financial situation allows for it.

      I feel that uni times are good time for you to explore the financial markets. Stay safe!

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        Of course! The earlier you start, the better. While it may not be necessary to have emergency funds ...

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