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
      60 Answers, 136 Upvotes
      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)
      1
      0
      Share this

Download Seedly’s free

Expense Tracking App
Download on the App StoreGet it on Google Play
  • Sync all your banks in one place
    Sync all your banks in one place
  • Quickly add transactions and view reports
    Quickly add transactions and view reports
  • Community Q&A and blog integration
    Community Q&A and blog integration