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? - Seedly
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Anonymous

Asked 3w ago

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?

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Hey Anon!

It’s okay, we make do with what we have! It’s already a great step that you’re choosing to invest this $100, so kudos to you! 🎩

Disclaimer: This list is not exhaustive. Information accurate as of 10 Sep 2020.

💰 Regular Savings Plans (RSP)

1. DBS/POSB Invest Saver

  • Minimum investment: $100 per month

Invest in:

  • Nikko AM Singapore STI ETF - 0.82% per transaction

  • ABF Singapore Bond Index Fund - 0.50% per transaction

  • Nikko AM SGD Investment Grade Corporate Bond ETF - 0.50% per transaction

  • Nikko AM-StraitsTrading Asia ex Japan REIT ETF - 0.82% per transaction

2. OCBC Blue Chip Investment Plan (BCIP)

  • Minimum investment: $100 per month

Invest in 20 Counters including:

  • Lion-Phillip S-REIT ETF

  • Nikko AM SGD Investment Grade Corporate Bond ETF

  • Nikko AM Singapore STI ETF

  • CapitaMall Trust

  • United Overseas Bank Limited

  • Capitaland Limited

Fees:

  • For new customers who are below 30 years old, with initial investment of up to S$500 per counter - Flat rate of 0.88% of the total investment amount

  • For all other customers - 0.30% of the total investment amount or S$5 per counter, whichever is higher.

3. PhillipCapital Share Builders Plan

  • Minimum investment: $100 per month

Invest in 44 Counters including:

  • Lion-Phillip S-REIT ETF

  • SPDR Straits Times Index ETF

  • Netlink NBN Trust

  • Sheng Shiong

  • Raffles Medical Group

  • Mapletree Logistics Trust

  • Keppel DC REIT

  • SPH REIT

Fees:

  • For investment amount below $1,000: $6 for 1-2 counters, $10 for 3 counters or more

  • For investment amount above $1,000: 0.2% or $10, whichever is higher

4. FSMOne Regular Savings Plan

  • Minimum investment: $50 per month (ETFs)

Invest in 49 counters listed on Singapore, Hong Kong and US stock exchanges including:

  • SPDR Straits Times Index ETF

  • Nikko AM Singapore STI ETF

  • Nikko AM SGD Investment Grade Corporate Bond ETF

  • ABF Singapore Bond Index Fund

Fees:

  • Buying Fee: 0.08% or min SGD 1, HKD 5, USD 1, whichever is higher

  • Selling Fee: 0.08% or min SGD 10, HKD 50, USD 8.80, whichever is higher

🤖 Robo-Advisors

5. StashAway

  • Minimum investment: N.A.

Invest in:

  • A portfolio catered to your risk profile based on a selection of ETFs from the 33 different asset classes Stashaway uses.

Fees:

  • 0.2% to 0.8% per annum, depending on the total amount you invested in StashAway.

  • For investments less than S$25k - 0.8% p.a.

6. Syfe

  • Minimum investment: N.A.

Invest in:

  • Global Portfolios comprise more than 22 ETFs diversified across asset classes, sectors and geographies.

Fees and charges:

  • 0.4% to 0.65% per annum, depending on the total amount you invested in Syfe.

  • For investments less than S$20k - 0.65% p.a.

If anyone has any other recommendations, please feel free to share as well! 😌

Hope this helps and all the best in your investing journey! 👍​​​

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Rachelle
Rachelle

2w ago

@Bifang glad to be of help!
Rachelle
Rachelle

2w ago

@TopCat Oh wow I didn't know about that! As mentioned in the disclaimer, this list is not exhaustive 😅, but I will look into it! Thanks for suggesting 👍
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Hey Anon,

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

https://www.drwealth.com/crowdfunding-singapore/ - Outdated but a good read nevertheless

You can explore Funding societies, A p2p platform/ debt crowdfunding.

You can tap into secured loans and unsecured loans provided to small businesses in Singapore with a minimum of $20 per loan.

You can open the account with $100 as capital. But, I personally recommend at least $500/$1000 to diversify to minimise default risk

Average interest rate per annum in p2p lending space: 10%

Current average interest rate per annum: 7%

It is easy to use and the fess is reasonable.

Type of Loans in Funding societies:

  • invoice financing (unsecured) : 7% - 18% interest rate p.a

  • business term (unsecured): 8 - 18 %

  • Revolving Credit Investment: 8 - 18 %

  • property-backed secured loan: 4-8%

  • property-backed guaranteed loan: 4-8%

  • guaranteed return loan : 2 -6%

investment timeframe: 30 days - 12 months

Low- barrier to entry because of :

  • clean user interface

  • Easy to understand factsheet (but I hope more details are given)

  • Compound interest through reinvesting your funds

  • low capital

If you need more information, just comment or FB PM me.

PM me for referral codes (Rules and regulation does not allow me to do so

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Alex Chua
Alex Chua

2w ago

That will depend how they want to leverage on the platform and if the platform did improve I currently mainly use secured loan
Question Poster

2w ago

Hi Alex thanks for sharing with me my other options, will definitely check them out 👍
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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Updated 3w ago

You could open up a TD Ameritrade account and buy without any trading fee (0.00 USD) or account management/custody fees

S&P500 ETF: VOO

or

global stock ETF: VT​​​

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Frankie Rappaport
Frankie Rappaport

4d ago

Ah, o.k., important! I didn't know. thank you kindly!
Frankie Rappaport
Frankie Rappaport

4d ago

On the Singapore website they state currently "There is no minimum amount to open an account. We recommend people start with at least USD$3,500. If you do fund with at least USD$3,500, we will rebate your wire fee up to USD$100. You need USD$25,000 to actively day trade, USD$5,000 to sell options naked, and USD$2,000 to have margin capability in your account. At a minimum, you need at least USD$500 to receive live real time data."
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Ivan Guan
Ivan Guan, Founder at SGMoneyMatters.com
Level 3. Wonderkid
Answered 3d ago

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.

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Amos
Amos, Engineering at Ngee Ann Poly
Level 3. Wonderkid
Answered 4d ago

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-fund-cpf/?amp=1) & 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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Ivann Fok
Ivann Fok, Founder at pyinvesting.com
Level 3. Wonderkid
Updated 4d ago

Firstly, congrats to you on starting your investing journey! A thousand miles begins with a single step. When deciding what you can invest in and how you are going to invest. My suggestion is to consider 3 factors that would help you answer this question.

1) Your risk tolerance

The first factor is your risk tolerance which is how much risk you are willing to take on to get a return on your investment. Investment strategies with higher risks tend to be rewarded with higher returns. You should choose an investment strategy with a target risk that you are comfortable with and will not cause you to lose sleep at night.

2) Your expected returns

The second factor is your strategy's expected returns. How fast do you need your money to grow to achieve your financial objectives? If you save $50 a day for 20 years at a 10% rate of return, you will have over a million dollars. However, if your strategy is expected to make 3% annually, you most likely will not achieve that million dollars at the same saving rate.

3) The effort required to implement the strategy

The third factor is the amount of time and energy you are willing to spend on managing your investments. Some strategies require less work than others and would appeal to more hands off investors. It is important to choose a strategy that fits the amount of effort you are willing to commit to implement the strategy. This is because if you choose a strategy that requires more time to implement than you are willing to commit, you could end up finding it a chore to manage your portfolio and eventually give up on following your strategy.

The goal of looking at these 3 factors is to find a strategy that is suitable for you and you only. It does not matter how other people invest their money. You need to pick the investment strategy that works for you. This is so that you are able to stick with your strategy even when markets get volatile. The most destructive thing you can do to your portfolio is to constantly switch strategies because you are uncomfortable with your level of risk or expected returns. Get a strategy that works for you and stay the course. If you would like to find out more check out my post. Happy investing and may the odds be in your favour.​​​

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Diana
Diana
Level 4. Prodigy
Answered 3w ago

Hey there, I think robo-advisors may be your best bet for now to avoid incurring fees that may eat too much into your returns! I, too, DCA (dollar-cost average) small amounts into robos each month (however much I can afford that month). Good luck!

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Question Poster

2w ago

Hi Diana, thanks for sharing with me your thoughts, appreciate it 👍
Diana
Diana

2w ago

Hey TopCat, I'm currently using Syfe. Can't really tell for now as I have also just started (< 5 months)!
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