Chan Ze Ming, Accountancy and Finance Student at Nanyang Polytechnic
Answered on 30 Oct 2020
Yes, it is possible to start at $50, in fact, as low as $10. When i first started investing (not trading :<), I deposit $10 almost daily into Stashaway (one of the roboadvisors in sg) and even more when I saw a red day (stocks fall). That $10/almost daily become more and more, and it snowballed to an amount way more than I expected (rmb i started with $10).
Long story short, It ended up becoming my another savings account and I recently got back into it again.
Hi anon! Thank you for your question, tbh I started with $50 alone in a roboadvisor. Then slowly it became $50 a month!! And now I’m expanding like I bought Nikko AM STI ETF and all. It honestly depends on what mode you’re gonna do your investing. Some investments require a minimum amount or a minimum monthly input?, but, some roboadvisors like Stashaway and Syfe you can start with no minimum amount?
Seems like you might still be a beginner investor, so you should read up and research first on what exactly you want to do and at the same time build up your funds?
I hope this helps you :)