facebookWith just $100/month, what can I invest in? I know $100 is not a lot, and I might incur more fees, but it’s all I can afford right now… Any suggestions? - Seedly

Anonymous

23 Sep 2020

General Investing

With just $100/month, what can I invest in? I know $100 is not a lot, and I might incur more fees, but it’s all I can afford right now… Any suggestions?

Discussion (25)

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Ivan Guan

23 Sep 2020

Founder at SGMoneyMatters.com

If you have only $100/m to spare, it is best to just invest in knowledge such as books and online courses.

None of the investment options mentioned below will give you any meaningful return. Worst still, by investing $100/m in RSP, it gives you an illustration that you have done something. This will lead to procrastination to invest more in the future.

Amos

22 Sep 2020

Engineering at Ngee Ann Poly

Firstly, glad to hear you investing! :)
I recently got into investing & am thankful for this local platform to educate Singaporeans such as ourselves

I believe after reading the comments of the others I would just echo/overlap some of theirs and leave the final decision to you

See if you have any debts to clear of /things you have to pay & settle them as soon as possible
Then start with this 40-30-20-10 principle: 40% expenses (unless you live with your parents then hahahaah guess you will spend lesser than expected) 30% investment 20% savings (CPF! https://blog.seedly.sg/about-central-provident-...) & 10% insurance

You have the liberty to override this rule of thumb until you have an emergency fund (6-12 months total expenses for your livelihood on a rainy day)
You also have the liberty to adjust the ratio 40-30-20-10 to your current situation ☺️ (becus I do myself)
You may want to consider Roboadvisors eg Stashaway (using it myself) because of the minimum investment

I would end of by encouraging you to do risk assessment (DBS/PSB provide free assessment if you have an acct) so you know where you stand & enjoy the process of exploring more as you visit this AMAZING site

All the best for your endeavors!

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Alex Chua

10 Sep 2020

Seedly student Ambassador 2020/21 at Seedly

Hey Anon,

You can explore the crowdfunding space in Singapore to support local business

[https://w...

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