26-12-2019 02:03 PM | ||
Unregistered |
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Can the profit from my investment outperform the interest of my debt and commission? If yes, go ahead with investing. Factor in interest of your debt+commission and compare to investment performance. If no, clear your debt first. Every time you pay off your principal amount, you also chip of a part of your compound interest over the time needed to clear your debt. |
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23-12-2019 06:14 PM | ||
chancellor | REITs? I think they are fairly low risk with good yields and don't require alot of monitoring of the market which i think you own't have time to. | |
27-03-2018 07:45 PM | ||
Unregistered | pay off your loan first la | |
11-03-2018 09:35 AM | ||
Schlep |
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Alternatively, go open a POSB Invest Saver Account and put in $300/month. That's only $3 in commissions. When investing, take special care of the fees you are paying. |
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26-12-2017 10:32 AM | ||
jurongeastboy |
Need some advice here Dear fellow Singaporean, I am 26 this year and have just graduated not long ago and is currently holding a full time position having a gross salary about 3k per month and taking home about only 2.4k Due to my current family situation, I have to fork out 1.5k per month for my family bills, education loan repayment and etc and is left with only about 900 per month for my own usage. Recently I was studying on what I can do on investing because I wanted to start investing early but I just could not fork out a lump sum of money at the moment to do so. One method I researched on is to dollar cost averaging(DCA) into SPDR STI ETF using DBS upfront cash account every month consistently which will cost me about $350/month given the current pricing of the etf. My concern is whether is it viable to do this for a few years eg.5-10years or maybe there is better advice or alternatives that I might not heard of yet? Times are tough for me and my family these few years and I am currently working off to mainly clear all debts asap. |