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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Answers (7)

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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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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Thank You!
Can you clarify
I wonder if
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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. Meanwhi...

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