facebookI want to invest for the first time and because I am beginner with little knowledge of the stock/finance market, is it wise for me to start with POSB Invest-Saver with $200 for a start? - Seedly

Anonymous

19 Jun 2020

General Investing

I want to invest for the first time and because I am beginner with little knowledge of the stock/finance market, is it wise for me to start with POSB Invest-Saver with $200 for a start?

Discussion (7)

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I started that way too, with DBS Vickers, but I find the limited options a little "boring" for my taste. I think it's best to be diversified, yet like you, I am a relative newbie to investing (approx. Less than 1 year). So what i did instead was I opted for Robo-Advisors cos of its Low cost and it is automatically diversified, based on your risk.

I chose stashaway due to its very easy friendly interface and it's low costs. U can start as low as $100 and no fixed amount needed every month, but I recommend DCA.

Andy Sim

09 Mar 2020

HR Professional at a Financial Institution

Well it's a good start, but it may not be the most diversified option. Good to have global ETFs in your portfolio as well and you can do so by Robo advisers for a fuss free way.

Yes, it would be a good start as you will be investing in the top 30 companies in singapore. Meanwhile you can research about the other investment products out in the market.

I hope you had not invest in STI, your returns would be petty at best so far...

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