What are the most suitable investments for a 21 Y/O with no savings and no debts?

Hey,

First of all, given the small capital, you might want to consider other brokers such as Standard Chartered online trading which cost less than half of DBS Vicker's trading fee.

Also, by doing that you will also be opening the standard chartered jump start account which pays you 2% interest and acts just like your DBS savings account.

If you do not mind taking risk, you can try leveraged Index/ Forex on CFD platforms such as Oanda. But please have proper market exposure management and stop loss in placed when playing with leveraged CFDs.

All the best bro, Cheers

Hi there!

You are off to a good start! :)

Continue adding to your investments while building up emergency savings. To decide how much you need in emergency saving, I would say 6 month worth of expenses. This could vary depending of your stage of life, for example, if you start having a family, this could increase.

Investing-wise, you are young and time is on your side. Have a long-term horizon and invest in companies with a strong and growing business model with a good track record. Remember that you are not investing in stock, but rather a piece of the business.

Though young, it's good to start early and build up a stream of passive income. In this way, you start early and prepare yourself for retirement. Dividends from your investments or real estate properties are some of the ways to get started.

I've create a video outlining my Dividend Growth portfolio and how I select companies to invest in. Such companies allows me to obtain a steady stream of passive income and I am able to reinvest the dividends. It also allows me to get ready for early retirement!

Watch the video here and I hope this helps! :)

This is a good start. You can read more books about investing and increase your knowledge. Meanwhile, you can continue to invest in robo advisor.

I would go for a less risk averse approach and build up an emergency fund first. Why not let your money grow in SCB Jumpstart, specially tailored for young people? It provides 2%pa for the first 20k that you have inside