facebookWhat are the best investments for young people <22y/o? - Seedly

Anonymous

27 Feb 2020

General Investing

What are the best investments for young people <22y/o?

What are some investments that those younger than 22 should be looking at? How should they go about starting to invest for their future?

Discussion (9)

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Pang Zhe Liang

27 Feb 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Always start by investing in yourself. With so many instruments available in the market, you need to equip yourself with the right set of knowledge and skills.

Next, determine whether you are going to do DIY investing or to seek advice from professionals like Mercer, and BlackRock.

For DIY investing, do as much research as you can on the instrument that you intend to invest in. Consider simulations to test your skills.

For investment with independent advice from global investment firms like Mercer, and BlackRock, you get to tap on their expertise to help you grow your money. Furthermore, you get access to well-diversified funds at a low start-up capital.

When doing your research, explore various strategies that can help you grow your money at a managed risk level. Dollar cost averaging is one such popular method. Here is some information about it: https://www.blog.pzl.sg/dollar-cost-averaging-s...

All things considered, determine your investment objective. Of which, one of them should be to create a well-diversified portfolio across various asset classes.

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Alex Chua

26 Feb 2020

Seedly student Ambassador 2020/21 at Seedly

Yourself, network, experience and knowledge

The best investment will always be to invest in yourself! At a young age, it's good seek experiences, pick up new skills and keep learning. Investing into the financial markets will also benefit you in the long run, you can get started by reading books or online resources.

Yourself. You are the best vehicle for limitless income.

Rais M

26 Feb 2020

Accountant at SME

For someone as young as you, the best investment is yourself. Increase your knowledge and network, w...

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