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Anonymous

04 Jul 2019

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What are some more basic investment instruments that I can start with?

Hi, Iā€™m 20 years old this year and I want to try out investing to earn a small side income. How do I start easy, and which kinds of investments are sure-wins?

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Hariz Arthur Maloy

04 Jul 2019

Independent Financial Advisor at Promiseland Independent

Though it's great to try and get your feet wet, I'd say you can hold off for awhile. Even if let's say you invest 1k and earn a 5% return after a year, it's just 50 bucks. Something you can earn giving tuition for an hour or two.

Focus on gaining the knowledge first, and also due to the fact that you're mentioning about a sure win product just shows that you aren't familiar enough with the investment markets.

Once you built up a sizeable capital plus set aside an emergency cash reserve and equipped with better knowledge, should you dip your feet. Till then, earn a side income by getting a side hustle.

Elijah Lee

04 Jul 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

No investments are sure wins. All investments carry risk. The safest instrument you may wish to consider that will provide a form of 'side-income' will be Singapore Savings Bonds which will pay out twice a year, and are quite low cost to get into, with a minimum requirement of $500.

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