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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Asked by 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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Luke Ho
Luke Ho, Money Maverick at Money Maverick
Level 6. Master
Answered on 20 Sep 2018

Got to disagree with Gabriel because I've seen many clients give up the STI later, especially in this current market. I've also seen people invest out of convenience alone, like in the STI where they've given up their monthly payment plans halfway when they don't get or understand the results they're getting. It's a phenomena developing recently, which I've written over here: https://www.moneymaverickofficial.com/

Before you start investing, you have to consider your objectives.

Many people don't plan, and become resentful later as a result. If their investments are liquid, they'll have many excuses to take them out. Their returns and their capital becomes abysmal over time, instead of high.

For first timers, I'd love to take you through a good mix with dividends - so you can see how profits are generated from actual companies you're invested in, and be motivated by the balanced growth before deciding what kind of investment result you want to aim for in line with you objectives.

Do drop me a PM and we can always talk about how I can help you. As an investment specialist, I made 32.7% last year. https://www.facebook.com/luke.ho.54

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Jay Liu
Jay Liu, Diploma in Accountancy at KHEA
Level 6. 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 Lee
Gabriel Lee
Level 6. Master
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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