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? - Seedly
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Anonymous

Asked on 06 Sep 2018

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?

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Kenny
Kenny
Level 4. Prodigy
Answered on 18 Jun 2020

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.

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Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 09 Mar 2020

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.

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MT2020
MT2020
Level 7. Grand Master
Answered on 09 Mar 2020

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.

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Wilson Nid A Break
Wilson Nid A Break
Level 9. God of Wisdom
Answered on 03 Dec 2019

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

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Jay Liu
Jay Liu, Diploma in Accountancy at KHEA
Level 7. Grand Master
Answered on 15 Sep 2018

Yes. Opens your first exposure to the market and subsequently you will venture more in the market. Which what happened to me Too! :)

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Gabriel
Gabriel
Level 8. Wizard
Answered on 06 Sep 2018

Yes, it is a good start to use a regular savings plan to do dollar cost averaging like POSB investsaver to purchase the Nikko AM STI ETF

Can consider using StashAway to expose yourself to the US market as well

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