Beginner guide for small investor

[kennyleo]

Hi there, I'm rather new to investing and would like to learn how should I start about doing it? What would you guys recommend to begin with?

 

[youngmummyemily]

Here are six investments that are well-suited for beginner investors.
A 401(k) or other employer retirement plan. ...
A robo-advisor. ...
Target-date mutual funds. ...
Index funds. ...
Exchange-traded funds. ...
Investment apps.

 

[OngHuatHuat]

How much you intend to invest per month?

 

[kennyleo]

How much you intend to invest per month?

Say $500 per month

 

[BBCWatcher]

A 401(k) or other employer retirement plan.

A 401(k) plan is only applicable to workers in the U.S. and occasionally employees of U.S. companies on outbound international assignments from the U.S. And they are not investments themselves. There are merely tax advantaged accounts that can contain various investments. You have to choose which investments you want, and it’s very possible to make bad or inappropriate choices.

 

[Toni90]

Hi there, I'm rather new to investing and would like to learn how should I start about doing it? What would you guys recommend to begin with?

Contribute to your cpf. Let gov work for u.

 

[OngHuatHuat]

Can try dbs vickers upfront, 10 dollars commission minimum.

Say $500 per month

 

[wutawa]

Say $500 per month

Trust me, posb invest saver.

https://forums.hardwarezone.com.sg/stocks-shares-indices-92/posb-invest-saver-4309151-226.html

 

[kennyleo]

Contribute to your cpf. Let gov work for u.

Care to share more on this? How to go about it?

 

[DOINK1]

Care to share more on this? How to go about it?

What he meant was Retirement Sum topping up(Rstu),to contribute to your Special acc for the 4% interest. The problem is money will be lock in till at least 55yrs old.

 

[Merg91]

Locked?
What is 55 years old when many live till 80s?
And the power of 5% x 30 years.

The problem is money will be lock in till at least 55yrs old.

 

[Kapish]

Locked?
What is 55 years old when many live till 80s?
And the power of 5% x 30 years.

yes but if you need the money urgently before 55 then how?

 

[BBCWatcher]

yes but if you need the money urgently before 55 then how?

If you “need” those particular dollars urgently for a new iPhone before age 55, you’re probably out of luck.

If you need them in some truly dire circumstances, CPF has your back.

 

[wutawa]

Or u can pass it to a stranger for 4% p.a. yield. It is capital guaranteed and protected against bankruptcy *touch wood*. However, he will decide when and how u can withdraw the investment. Nonetheless, he promises to return all capital + int when u die.

 

[Perisher]

Or u can pass it to a stranger for 4% p.a. yield. It is capital guaranteed and protected against bankruptcy *touch wood*. However, he will decide when and how u can withdraw the investment. Nonetheless, he promises to return all capital + int when u die.

Must specify that the 4% is not guaranteed.

 

[Merg91]

Many don't need.
Many put in more cash /OA to SA.
But plenty of noise from the few who are desperate.

yes but if you need the money urgently before 55 then how?

 

[Toni90]

yes but if you need the money urgently before 55 then how?

Do u know anyone like this? Why they need money urgently?

 

[Kapish]

Do u know anyone like this? Why they need money urgently?

i don't know. news got one guy want to withdraw money from cpf for daughter's education and was denied.

http://theindependent.sg/cpf-responds-says-father-with-insufficient-cash-for-daughters-education-cannot-make-a-withdrawal/

 

[Merg91]

He has only $70k in his cpf.
Daughter needs $15k for study loan.

I doubt his cpf is adequate for himself.
Daughter can apply study loan too.

He apologised to CPF after his online grunts.

i don't know. news got one guy want to withdraw money from cpf for daughter's education and was denied.

http://theindependent.sg/cpf-respon...daughters-education-cannot-make-a-withdrawal/

 

[tangent314]

If he is age 60, then the money is in the Retirement Account.
As everyone knows by now, you can only take money out of Ordinary Account for education use.

I'm guessing he was self-employed during most of his working years, that's why his RA balance is so low. Self employed people do need to take more responsibility to manage their own savings to ensure they have enough for retirement or other needs for the future, especially if they don't make use of VC.