Investment during NS

[zul99z]

Hi guys, I'm a 20 year old guy currently undergoing NS and would like to seek your advice on a few things.

First and foremost, I do not have any savings when I entered NS last year December. This kinda made me panic so I forced myself to save $500 every month from my allowance. Thus I now have $4000 in savings. With this sum in mind, do you think it's foolish of me to invest it as the sum might be too small? Thought about investing rather then keeping in the bank as DBS offers only 0.05% in interest rate. If it's alright to invest, what type of investment should I go for? Singapore savings bond, gold or stocks/blue chip? Or should I save much more and then start investing? Oh and I'll continue to save $500 a month, giving me approximately $12k after I finished my NS. I will not be touching the savings and would be entering uni after I ORD. Thnx a lot for taking the time to read my post

 

[Mr.Canberra]

My personal opinion is under current global financial conditions hold more cash in Fixed Deposit. You can use this cash for education without taking more loan or doing business when you ORD. Be as debt free as possible.

Invest in blue chip stocks gradually over the years after the next major financial crisis.

Slog it out when you're young and enjoy the fruits of your labour if you're able to achieve financial freedom by late 30s.

All the best!

 

[havetheveryfun]

The amt u can save is more than my pay during NS

 

[jysw1986]

It is always good to start young. Took me way longer to start my investment but non the less it is better than not doing it at all.
Would suggest you look into something more regular and since you are not using it or touching it. You can consider the regular savings plan for etf. Maybe can look at posb invest saver or other providers.
U can save maybe 300-500 a month depending on ur appetite. Good luck and all the best

 

[MrSinkie95]

great. same as me I'm 20 this year..

 

[LL1986]

my NS time i think i no even have $500 from nspay...

 

[Aymanhero]

Wa so early start. I ns every month spend like no tomorrow

 

[strangerjun]

When you intend to liquidate the investment? If you intend to use it in the near future, it is better you put it instrument that has shorter time frame. E.g. fixed deposit and bonds.

 

[Average]

U can start with a RSP with dbs I banking for Nikko am STI index ETF. $100permth also no problem.

Sent from Xiaomi 2013023 using GAGT

 

[Darkzi0n]

Always good to start young.

1. Time is on your side
2. You can afford to make mistakes (start small, lose small + no commitment)
3. Most importantly, u gain experience.


And it is important for u to not procrastinate. Some of my friends wanted to start investing when we are 20. Now we are 25, and I alr have 4 years of exp, while they are still saying they want to invest.

 

[zul99z]

great. same as me I'm 20 this year..

Well at least you have pretty much more savings than me right?

my NS time i think i no even have $500 from nspay...

Times change, allowance went up so as to remain on par with inflation

Wa so early start. I ns every month spend like no tomorrow

Haha I realise that the earlier you start saving the better as it would mean less/no debt in the future

When you intend to liquidate the investment? If you intend to use it in the near future, it is better you put it instrument that has shorter time frame. E.g. fixed deposit and bonds.

Hi, I do not intend to liquidate it in the near future. Would not be touching this sum of money for at least 10 years. Are bonds/fixed deposits the way to go? What do you think of ICBC`s fixed deposit? They offer an interest rate of 1.45% for 5k and above. Is it safe to place my money with them?

U can start with a RSP with dbs I banking for Nikko am STI index ETF. $100permth also no problem.

Sent from Xiaomi 2013023 using GAGT

Hi, Im looking into this right now. Seems like POSB is the best firm for this as they charge the lowest fees for amounts less or equals to $500 monthly. Just a question for you guys, which companies do you guys view as worthwhile to invest in? In terms of dividends and potential stock price? Growth potential and profits? Thanks for advising a novice here

 

[zul99z]

My personal opinion is under current global financial conditions hold more cash in Fixed Deposit. You can use this cash for education without taking more loan or doing business when you ORD. Be as debt free as possible.

Invest in blue chip stocks gradually over the years after the next major financial crisis.

Slog it out when you're young and enjoy the fruits of your labour if you're able to achieve financial freedom by late 30s.

All the best!

Hi, which fixed deposit do you recommend me to place my money at? For my uni tuition fees, it has been covered so no worries for that. Just need to worry about supporting myself after NS & then in Uni, so most probably I`m gonna be a tutor or work part time on nights/weekends.

 

[bigpelican]

i consider myself a rather high risk person.
my opinion is you go open a trading account + cdp at any brokerage (eg. dbsvickers). best is standard chartered (but you might not get through their "trading assessment").

then buy 1000 shares of starhub (CC3) (which actually not high risk to buy)

i believe for the next 1-2 years, starhub will continue to give $0.05 dividends per share per quarter. so you could receive $50 per quarter for 1000 starhub shares.

since starhub is consider a reasonable stable blue chip (unlikely to go bankrupt and become worthless) and current price is reasonably low. your risk for holding it is low.

or you can buy banks shares which should have lesser risks, with lower dividends.

my father bought bank shares (UOB, OCBC) 15 years ago and never touch them since. Now the price has doubled and have been collecting dividends yearly.

it is better than putting in fixed deposit.

 

[Average]

i consider myself a rather high risk person.
my opinion is you go open a trading account + cdp at any brokerage (eg. dbsvickers). best is standard chartered (but you might not get through their "trading assessment").

then buy 1000 shares of starhub (CC3) (which actually not high risk to buy)

i believe for the next 1-2 years, starhub will continue to give $0.05 dividends per share per quarter. so you could receive $50 per quarter for 1000 starhub shares.

since starhub is consider a reasonable stable blue chip (unlikely to go bankrupt and become worthless) and current price is reasonably low. your risk for holding it is low.

or you can buy banks shares which should have lesser risks, with lower dividends.

my father bought bank shares (UOB, OCBC) 15 years ago and never touch them since. Now the price has doubled and have been collecting dividends yearly.

it is better than putting in fixed deposit.

Note that you can only trade shares at 21yrs old. So no rush to open.

With regards to SCB trading account (also need 21yrs old), just go an open at a branch, they also do a holistic review of new applicants, which is not in black n white. Like your education, your investment objectives, etc. As long as u can convince them that u know what u are into, totally will pass.

The trading experience requirement no need supporting docs one, so u know Liao lo.

Sent from Xiaomi 2013023 using GAGT

 

[zul99z]

i consider myself a rather high risk person.
my opinion is you go open a trading account + cdp at any brokerage (eg. dbsvickers). best is standard chartered (but you might not get through their "trading assessment").

then buy 1000 shares of starhub (CC3) (which actually not high risk to buy)

i believe for the next 1-2 years, starhub will continue to give $0.05 dividends per share per quarter. so you could receive $50 per quarter for 1000 starhub shares.

since starhub is consider a reasonable stable blue chip (unlikely to go bankrupt and become worthless) and current price is reasonably low. your risk for holding it is low.

or you can buy banks shares which should have lesser risks, with lower dividends.

my father bought bank shares (UOB, OCBC) 15 years ago and never touch them since. Now the price has doubled and have been collecting dividends yearly.

it is better than putting in fixed deposit.

Hi from what I've gathered, it seems that the sti index performance is going down with dbs releasing a report this morning predicting it would hit 2900 points by year's end. As the performance of blue chips like Starhub and Keppel typically correlates with the sti performance index, I assume now is a bad time to start investing? Better to wait for the market to crash (predicted end of 2016/2017 due to US elections) and then start investing as the price would be cheaper? Or is it ok to start now?? Need your views on this, thnx

 

[zul99z]

Note that you can only trade shares at 21yrs old. So no rush to open.

With regards to SCB trading account (also need 21yrs old), just go an open at a branch, they also do a holistic review of new applicants, which is not in black n white. Like your education, your investment objectives, etc. As long as u can convince them that u know what u are into, totally will pass.

The trading experience requirement no need supporting docs one, so u know Liao lo.

Sent from Xiaomi 2013023 using GAGT

Hi, so I can't start investment this year? Not even blue chips, corporate bonds or Singapore Savings bonds? If that's the case I'll have to wait till next year Jan then, will be reading up more about the different types of investments to gain more knowledge

 

[Average]

Hi, so I can't start investment this year? Not even blue chips, corporate bonds or Singapore Savings bonds? If that's the case I'll have to wait till next year Jan then, will be reading up more about the different types of investments to gain more knowledge

Haha, I dare not advise on counters cos I also nub, will kena other sexperts trashing!

Until now all counters I bought are in red, even the Nikko am STI Etf... I hope can become green in 3yrs, so I can pay my student loans.

Sent from Xiaomi 2013023 using GAGT

 

[Average]

Woots! I passed 100posts!

Sent from Xiaomi 2013023 using GAGT

 

[Perisher]

Woots! I passed 100posts!

Sent from Xiaomi 2013023 using GAGT

Enjoy your stay here, everyone is here to learn, don't worry about noob/pro. Everyone is noob at some parts and expert at other stuff.

 

[zul99z]

Haha, I dare not advise on counters cos I also nub, will kena other sexperts trashing!

Until now all counters I bought are in red, even the Nikko am STI Etf... I hope can become green in 3yrs, so I can pay my student loans.

Sent from Xiaomi 2013023 using GAGT

Hi, care to share which counters you bought and at what year? And how much capital did you use when you started investing? Looking at the oil crisis, yuan devaluation, us elections next year I think the market is gonna crash pretty badly by end of next year/2017. What's your assessment on this?