Asked by Anonymous

Which investment product will you recommend someone new to investment who can only afford a monthly amount of max $300 or one-off $1k to $3k?

0
0
Share this
Answer this question
Add
Add
Select
Clear
Add
Write your answer

Answers (1)

Sort by:
Most Upvote
  • Most Recent
  • Most Upvote
  • Dawn Fiona
    Dawn Fiona
    Level 5. Genius
    Answered on 14 Aug 2018

    Regular Saving Plan (RSP) such as through POSB InvestSaver for a start. It diversifies your capital across Singapore's biggest listed companies on the stock market even though your starting capital is smaller.

    Your one-off sum, if regularly put in, can easily buy you 1 - 2 stocks each time while minimising brokerage fees so that it is worth it. Over time, that can build up a good starting portfolio.

    Comments (0)
    0
    0
    Share this