Based on a Worldwide Cost of Living survey conducted by the Economist Intelligence Unit, Singapore has been ranked as the world’s most expensive city to live in for the third consecutive year.
Many people living in Singapore have to contend with the rising property and car prices, in addition to increasing income inequality. Those with elderly parents and young children are also concerned with healthcare and education costs. 카지노사이트
How can you invest to potentially amplify your wealth so you can better fulfil your life goals? If you do not have a substantial amount of capital and time set aside for financial investing, one of the avenues you can consider is to take up a Monthly Investment Plan or what’s also known as a Regular Savings Plan.
- Get started with just S$100 a month
There’s a common misconception that you need to have sizeable capital in order to invest. However, with a Monthly Investment Plan, there is now an affordable way for anyone to start investing. You can decide how much to invest based on your personal financial situation. Starting with as little as $100 a month, you can choose from blue chip stocks, Exchange Traded Funds (ETFs) and Real Estate Investment Trusts (REITs) listed on global markets to build your portfolio.
- Hassle-free and automated
No one can exactly foresee and predict the behaviour of the stock market. Instead of trying to time the market, focus instead on long term gains.
Simply choose your desired stocks, set an amount, and the Monthly Investment Plan automatically buys the shares for you every month. This means you buy more shares when its price is low, and fewer shares when the price is high.
- Diversify Your Portfolio Monthly Investment Plans enable you to diversify your investment portfolio. For example with Maybank Kim Eng’s Monthly Investment Plan, you can choose from a wide array of more than 230 stocks from five markets – Singapore, USA, Hong Kong, Malaysia and Thailand, including Ascendas REIT, Apple, Google and Tencent. 안전한카지노사이트
Meanwhile, more conservative investors can go for ETFs like SPDR STI ETF or Nikko Am STI ETF which are funds that invest in the 30 largest companies listed on Singapore Stock Exchange.
- Take Advantage of Dollar Cost Averaging
Investing through Monthly Investment Plans is an easy way for you to adopt a Dollar Cost Averaging strategy. This lowers the risk of investing a large amount in a single investment at the wrong time.
Consider this example where two siblings are given $10,000 each, but choose to invest it in different ways.
Luke used the money to buy 1000 shares at $10. Drew, on the other hand, invested a predetermined amount each month, and he bought more stocks when the price was low and fewer stocks when the price was high.
Drew’s average price per stock ($8.90) is therefore lower compared to Luke ($10) – this is how Dollar Cost Averaging works and by extension, how Monthly Investment Plans can help you achieve your investment goals. 카지노사이트 추천