facebookIs it possible to start investing with funds as low as $50? And is it advisable to do so or should I wait until I have more money to start investing? - Seedly
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Anonymous

Asked on 30 Oct 2020

Is it possible to start investing with funds as low as $50? And is it advisable to do so or should I wait until I have more money to start investing?

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Hi,

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.

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Jasmine Loo

Jasmine Loo

Level 6. Wonderkid

Updated on 30 Oct 2020

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 :)

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Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

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