What are the first investments I should look into?

Hi!

Congratulations on starting your investment journey! However, since it is your first investment, there are a few things that you should assess before actually investing.

Firstly, you should arrive at your financial goals and an investment horizon based on those goals. For major goals like retirement, you will typically have a longer horizon and for any other goals, you can have a short horizon. Once this is clear, you will also have to assess your risk profile. This will depend upon various factors including age, knowledge about the markets etc.

Using the above information, you can arrive at the asset allocation and start investing. All of this may seem a little overwhelming since you are just starting out, so I suggest you look into robo-advisors. They will charge lower fees and help you go through your investment process smoothly.

I work at kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.

It great that you want to start your investment journey!

Before even starting your investment journey, you should be ensuring that your insurance portfolio is covered! For starters, you should have a hospital/health insurance and some coverage on Death, Disability and Critical illness.

After getting your basics covered, it is important to understand the following for your investments:

1) Investment Goal: What are you investing for and how much you aim to achieve?

2) Risk Profile: Understand what kind of risk you are able to take!

3) Knowledge: Based on 1 and 2, what are the options that are viable for you to achieve your goals

If you are investing into individual stocks or ETF, please DO NOT DO SO on a MONTHLY Basis as the quantum you mentioned is not worth the fees! If you would like to, accumulate your monthly saving for 6 months before entering!

Would suggest, that you look at ETFs first since they are much easier to understand and may not be as risky as holding a single counter!

Another alternative is to speak to a financial advisor who is proficient in the markets to assist you with other investment options and portfolio management!

If you would like to find out more, feel free to drop me a PM at https://brandanchen.manulife.sg/