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Anonymous

07 Jun 2019

General Investing

What is a good amount to start investing with?

Discussion (6)

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Leong Wen Fong

07 Jun 2019

Commercial Ops at Aspire

Hmm, don’t really agree with some parts of Enk Loui’s answer.

Much of what I learnt on the Q&A is that it’s not really about how much you have before you start investing, but more like how well you are covered. Generally the advice is that you should at least have 6-12 months worth of expenses saved as emergency savings.

If you are beginning to invest, I do feel that even if you have $100 spare a month, or $500 now, you can still invest using RSPs (Regular Savings Plan) or SSB. Granted, they may not have the best returns, but I assume from this question that you are just beginning to invest, and this is a good start.

In fact, I recommend that you start sooner, and with a smaller amount. Let it kick start the habit of investing, rather than waiting for a big amount - it will be harder mentally then.

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Hello!

I think that a good amount to start investing in will depend on your current situation such as your salary and the amount of savings that you have. Since it is different for everyone, there is unlikely to be an answer to this. I would personally start investing with smaller amounts such as $100 each month in ETFs as i build up more knowledge on investing then proceed to increase my risk appetite as well as the amount of money im investing in.

Gabriel Tham

05 Mar 2019

Tag Team Member at Kenichi Tag Team

If you intend to start with Regular savings plans or Roboadvisors, then a small commitment of $100 a...

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