Beginner guide for small investor

[ongkinhong12345]

Hi, I’m new to investment industry.
Just open up the peoms accounts and DBS Vickers.
Planning monthly invest 10-20% of my salary.
It worth to invest with small money?
Or invest with certain amount of money(10k)will be good?
(To save the commission fee)

 

[fr33d0m]

Don't think too much about commission. It is only 1 - 2%. In the long run, it is almost nothing.

 

[Toni90]

Hi, I’m new to investment industry.
Just open up the peoms accounts and DBS Vickers.
Planning monthly invest 10-20% of my salary.
It worth to invest with small money?
Or invest with certain amount of money(10k)will be good?
(To save the commission fee)

How much your salary?

 

[Mergui219067]

Most minimum broker fees are $25 .
This is significant if it is 5-10% of your tikam .

Don't think too much about commission. It is only 1 - 2%. In the long run, it is almost nothing.

 

[fr33d0m]

Most minimum broker fees are $25 .
This is significant if it is 5-10% of your tikam .

For small sum, try other platform. There are cheaper alternatives.

 

[goldnut]

Vickers is good only for local shares with cash upfront acc.

Overseas stock use Siao Char Bor.

 

[ongkinhong12345]

Around 3k.

How much your salary?

 

[ongkinhong12345]

Any suggestions? For others platform

For small sum, try other platform. There are cheaper alternatives.

 

[ongkinhong12345]

Poems is good for overseas stock?

Vickers is good only for local shares with cash upfront acc.

Overseas stock use Siao Char Bor.

 

[fr33d0m]

Any suggestions? For others platform

POSB Invest-Saver, 1%, min. 100 to invest in STI ETF or the bond ETF.

Standard Chartered, I believe min. $10 only

 

[goldnut]

Poems is good for overseas stock?

Do they charge custodian fees?

 

[Mergui219067]

Start with SGX stocks, buy some REITs that you know & see around.

CapitalMallTrust, FCT, ShengSiong etc etc

 

[financenewbie]

actually ah, i just finished uni too.

Any other tips on what I should look out for? Planning to start small small, then hopefully grow to a sizeable amount by the time i hit 30.

Been looking at a lot of money blogs like seedly and moneysmart, but knn seems like a bit too much information for me to digest

 

[dork32]

Hi, I’m new to investment industry.
Just open up the peoms accounts and DBS Vickers.
Planning monthly invest 10-20% of my salary.
It worth to invest with small money?
Or invest with certain amount of money(10k)will be good?
(To save the commission fee)

20% of 3k is 600.

enough to buy 200 singtel shares. if you use cash account in vickers, two way brokerage is $60. it means that you singtel shares must go up by 30 cents to break even.

if you buy 3000 singtel shares using vickers cash account, two way brokerage is $70. It means that singtel shares must go up by 2.5 cents to break even.

 

[dork32]

Don't think too much about commission. It is only 1 - 2%. In the long run, it is almost nothing.

for his case, it is going to 10%.

even if it is 1-2 %, it is terrible if other people are paying below 1%

 

[Wishdom]

Both posb and poems have a regular investment scheme which buys into a counter every month for cheap. Go check that out.

Sent from Ilovennp using GAGT

 

[dork32]

POSB Invest-Saver, 1%, min. 100 to invest in STI ETF or the bond ETF.

for you 600/mth, invest saver is probably the best choice.

 

[ongkinhong12345]

Thanks for info.

 

[TabascoSauce]

Protection first, but don't buy ilp or endowment.
Then build up habit of monitoring ur savings and expenses.
Set up high interest bank acc and find a suitable cashback card
Investment wise, spend more time to read up before committing

 

[IamLWF]

Better to understand before investing

actually ah, i just finished uni too.

Any other tips on what I should look out for? Planning to start small small, then hopefully grow to a sizeable amount by the time i hit 30.

Been looking at a lot of money blogs like seedly and moneysmart, but knn seems like a bit too much information for me to digest

Yes it's possible. There are a range of instruments that will take in such amounts. Common ones will be POSB's Invest-Saver where you buy into the STI ETF or a bond fund, Maybank KE's monthly investment programme where you can set a minimum of S$100 to buy into local stocks. Robo advisories like Stashaway (no minimum) and Smartly (minimum S$50) will also fit into this budget. All these are on a monthly basis.

As you are new to investing, may be a good idea to read up first. Books like Millionaire Teacher (local SG context), Intelligent Investor are great reads.

A lot of people ask about how to begin on the Seedly QnA platform. If you read the blog, can go check out the QnA also