Discussion (6)
Learn how to style your text
Leong Wen Fong
07 Jun 2019
Commercial Ops at Aspire
Reply
Save
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.
Reply
Save
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...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
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.