Earning so little.. how to invest?

**ineine** · 03-01-2008, 04:56 PM

I am very tempted to invest but if i am earning so little
How do invest?
I am currently doing part time studies which cost my $600 per month
lets say my take home is 1.5k
I can save $500

How should i approach it?

**djchris** · 03-01-2008, 05:14 PM

You should just save on a monthly basis first. Accumulate your ammunition so to speak.
Have you taken up insurance? Consider insurance prior to investing. Do not combine both as well.

**abcy8** · 03-01-2008, 08:59 PM

	Quote:			Originally Posted by djchris
	You should just save on a monthly basis first. Accumulate your ammunition so to speak. Have you taken up insurance? Consider insurance prior to investing. Do not combine both as well.

Good advice. Fully agree.

**rinoakoh** · 04-01-2008, 01:46 AM

I hate it when people say they can't this n that because they have little money blah blah blah.

500 is not too little at all !!

Like I said in the other forum thread, I teach my brother (currently in NS) to use investment as a savings vehicle, by starting at $250 per month (more than 50% of his allowance leh)

This investment method is called dollar-averaging. (Market good or bad does not affect him that much)

But he did not invest by himself cos he is clueless, but he trusted me to do the investment for him by buying Unit Trust. From NS start till date (about 8 mths), he had saved $2.7k plus profit.

Can u compare his method to your method of saving into a bank n get 0.3%pa interest and can't even see the any gain, much less $700 profit in 8 mths?

I hope the above answer your question.
However, u seriously should not invest if u never do research, or be very sorry, trust me.
That is what I always say to everyone. RESEARCH!

**Caramel_Frappac** · 04-01-2008, 01:51 AM

Investing to me is mainly more for the rich because they don't know where to put or spent the money. People like me poor like Shancai difficult lah. Eat already not enough, don't talk about investment.

**rinoakoh** · 04-01-2008, 02:48 AM

	Quote:			Originally Posted by Caramel_Frappac
	Investing to me is mainly more for the rich because they don't know where to put or spent the money. People like me poor like Shancai difficult lah. Eat already not enough, don't talk about investment.

Yes u are absolutely right, u really shouldn't talk about investing your money.

But there is misconception abt investment, its definitely not exclusively for the rich, its for anyone who is educated enough abt investment n know how to research n plan.

For yourself, u can start off by investing more time to yourself, what u have is time.
With time, u can educate yourself n get out of this state of neglect

Help yourself first, before someone can help u.

**World IR** · 04-01-2008, 09:19 PM

maybe can consider buying penny stocks and hold til few years or few decades later

**stevetan** · 05-01-2008, 12:36 AM

It is never too early to start investing. DO read some books and find ways to do it. Passive income is real cool.

**davidkwankk** · 07-01-2008, 02:59 PM

mayb jux share tis....

it s good 2 noe urself 1st.....
> wats ur objective?
> how long u intend to invest?
> wats ur expected returns n also the risks(losses) u r able to take?
> do note tat high returns instruments will always comes with higher risks....

once u settle on tat, we can move onto something.....

**djchris** · 07-01-2008, 03:48 PM

If you can't even save $500 per mth, what makes you think you can save $1000?

**Leocravensky** · 07-01-2008, 06:06 PM

you can try to save up bits to accumulate & invest. The main thing is to start the saving regime with discipline.

**World IR** · 07-01-2008, 07:13 PM

start small dream big.... your small saving will grew and compound over time

Emo-Kid · 07-01-2008, 10:38 PM

how much money do you need to invest ? or should i ask normally how much do u guys invest ?

**enterprise** · 08-01-2008, 09:23 PM

	Quote:			Originally Posted by rinoakoh
	Yes u are absolutely right, u really shouldn't talk about investing your money. But there is misconception abt investment, its definitely not exclusively for the rich, its for anyone who is educated enough abt investment n know how to research n plan. For yourself, u can start off by investing more time to yourself, what u have is time. With time, u can educate yourself n get out of this state of neglect Help yourself first, before someone can help u.

Hi Rinoakoh, agree with you on the last few points. One should always invest in themselves before investing their money. I attented Clement Chiang's options trading course to learn how to grow my money. I am encouraging anyone here to learn to play with stocks or options, just wanted to say that knowledge when properly used is power. I know some of your friends may discourage dabbling in the stock market or anything in the internet but then if you truly ask them "have you gone for any course or done any research?", their answers are usually a big fat NO. One does not need to be in the stock market, there are many other course that help you learn how to invest your monthly savings. Some are risky but worth a try. After all, if you want something bad enough, don't you think you would want to gain the knowlege? Cheers

**Wize** · 08-01-2008, 11:02 PM

	Quote:			Originally Posted by ineine
	I am very tempted to invest but if i am earning so little How do invest? I am currently doing part time studies which cost my $600 per month lets say my take home is 1.5k I can save $500 How should i approach it?

If you can save $500 per mth, 1 year can save $6000. You can invest in Unit Trusts with an initial capital of $1k. Before you start investing your money, invest in knowledge first. Go to the library and borrow some books on investments.

**stevetan** · 09-01-2008, 12:18 AM

Try to start with shares like I do. After that, you can proceed to options. Or perhaps like me, do some online stuffs that gives you passive income every month.

**rinoakoh** · 09-01-2008, 05:26 PM

	Quote:			Originally Posted by enterprise
	Hi Rinoakoh, agree with you on the last few points. One should always invest in themselves before investing their money. I attented Clement Chiang's options trading course to learn how to grow my money. I am encouraging anyone here to learn to play with stocks or options, just wanted to say that knowledge when properly used is power. I know some of your friends may discourage dabbling in the stock market or anything in the internet but then if you truly ask them "have you gone for any course or done any research?", their answers are usually a big fat NO. One does not need to be in the stock market, there are many other course that help you learn how to invest your monthly savings. Some are risky but worth a try. After all, if you want something bad enough, don't you think you would want to gain the knowlege? Cheers

FYI, Clement Chiang is from the same secondary school as me

**World IR** · 09-01-2008, 08:48 PM

seem like option a highly leverage trading... penny stocks can double or thripe if invest correctly

No obligation

http://www.penny-stock-secrets.com/?hop=edgevz07

**stevetan** · 13-01-2008, 01:36 AM

Whatever you do, do remember to do calculated risks.

**enterprise** · 14-01-2008, 09:02 PM

Quote:

Originally Posted by rinoakoh

03-01-2008, 04:56 PM	#1 (permalink)
ineine Registered Members Join Date: Nov 2006 Posts: 80 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: sembwang SGC$: 151.00 Bank: 0.00 Total SGC$: 151.00	Earning so little.. how to invest? I am very tempted to invest but if i am earning so little How do invest? I am currently doing part time studies which cost my $600 per month lets say my take home is 1.5k I can save $500 How should i approach it?

03-01-2008, 05:14 PM	#2 (permalink)
djchris Experienced SGClubber Join Date: Jan 2007 Posts: 2,994 iTrader: (0) Gender: Zodiac Sign: Country: Location: Singapore SGC$: 1,466.02 Bank: 0.00 Total SGC$: 1,466.02	Re: Earning so little.. how to invest? You should just save on a monthly basis first. Accumulate your ammunition so to speak. Have you taken up insurance? Consider insurance prior to investing. Do not combine both as well. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. : Asia Solution Kenetics Visit us at: To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. . Our Non-Profit Initiatives To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Personal Links To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

04-01-2008, 01:46 AM	#4 (permalink)
rinoakoh Registered Members Join Date: Dec 2007 Posts: 199 iTrader: (1) My Mood: Gender: Zodiac Sign: Country: Location: Jurong SGC$: 250.00 Bank: 0.00 Total SGC$: 250.00	Re: Earning so little.. how to invest? I hate it when people say they can't this n that because they have little money blah blah blah. 500 is not too little at all !! Like I said in the other forum thread, I teach my brother (currently in NS) to use investment as a savings vehicle, by starting at $250 per month (more than 50% of his allowance leh) This investment method is called dollar-averaging. (Market good or bad does not affect him that much) But he did not invest by himself cos he is clueless, but he trusted me to do the investment for him by buying Unit Trust. From NS start till date (about 8 mths), he had saved $2.7k plus profit. Can u compare his method to your method of saving into a bank n get 0.3%pa interest and can't even see the any gain, much less $700 profit in 8 mths? I hope the above answer your question. However, u seriously should not invest if u never do research, or be very sorry, trust me. That is what I always say to everyone. RESEARCH! To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Last edited by rinoakoh : 04-01-2008 at 01:48 AM.

04-01-2008, 01:51 AM	#5 (permalink)
Caramel_Frappac Registered Members Join Date: Jan 2008 Posts: 60 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: Lorong Ah Soo SGC$: 69.50 Bank: 10.13 Total SGC$: 79.63	Re: Earning so little.. how to invest? Investing to me is mainly more for the rich because they don't know where to put or spent the money. People like me poor like Shancai difficult lah. Eat already not enough, don't talk about investment.

04-01-2008, 09:19 PM	#7 (permalink)
World IR Registered Members Join Date: Jan 2008 Posts: 50 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: Singapore SGC$: 119.00 Bank: 0.00 Total SGC$: 119.00	Re: Earning so little.. how to invest? maybe can consider buying penny stocks and hold til few years or few decades later Last edited by World IR : 13-01-2008 at 04:31 PM.

05-01-2008, 12:36 AM	#8 (permalink)
stevetan Addicted SGClubber Join Date: May 2007 Posts: 619 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: Bukit Timah SGC$: 17.85 Bank: 952.90 Total SGC$: 970.75	Re: Earning so little.. how to invest? It is never too early to start investing. DO read some books and find ways to do it. Passive income is real cool. Click To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. for ways to earn a million To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Already started monthly passive income in just three months. :love4: To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

07-01-2008, 02:59 PM	#9 (permalink)
davidkwankk the labi Join Date: Dec 2007 Posts: 4,188 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: where SGC$: 0.00 Bank: 6,599.62 Total SGC$: 6,599.62	Re: Earning so little.. how to invest? mayb jux share tis.... it s good 2 noe urself 1st..... > wats ur objective? > how long u intend to invest? > wats ur expected returns n also the risks(losses) u r able to take? > do note tat high returns instruments will always comes with higher risks.... once u settle on tat, we can move onto something.....

07-01-2008, 03:48 PM	#10 (permalink)
djchris Experienced SGClubber Join Date: Jan 2007 Posts: 2,994 iTrader: (0) Gender: Zodiac Sign: Country: Location: Singapore SGC$: 1,466.02 Bank: 0.00 Total SGC$: 1,466.02	Re: Earning so little.. how to invest? If you can't even save $500 per mth, what makes you think you can save $1000? To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. : Asia Solution Kenetics Visit us at: To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. . Our Non-Profit Initiatives To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Personal Links To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

07-01-2008, 06:06 PM	#11 (permalink)
Leocravensky Addicted SGClubber Join Date: Aug 2007 Posts: 595 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: Jurong SGC$: 930.15 Bank: 0.00 Total SGC$: 930.15	Re: Earning so little.. how to invest? you can try to save up bits to accumulate & invest. The main thing is to start the saving regime with discipline. Leo~ Blog : leoandsong.blogspot.com To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

07-01-2008, 07:13 PM	#12 (permalink)
World IR Registered Members Join Date: Jan 2008 Posts: 50 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: Singapore SGC$: 119.00 Bank: 0.00 Total SGC$: 119.00	Re: Earning so little.. how to invest? start small dream big.... your small saving will grew and compound over time Checkout my blogging ----------------------------------- To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

07-01-2008, 10:38 PM	#13 (permalink)
Emo-Kid Registered Members Join Date: Apr 2007 Posts: 178 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: chua chu kang SGC$: 90.70 Bank: 100.30 Total SGC$: 191.00	Re: Earning so little.. how to invest? how much money do you need to invest ? or should i ask normally how much do u guys invest ?

09-01-2008, 12:18 AM	#16 (permalink)
stevetan Addicted SGClubber Join Date: May 2007 Posts: 619 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: Bukit Timah SGC$: 17.85 Bank: 952.90 Total SGC$: 970.75	Re: Earning so little.. how to invest? Try to start with shares like I do. After that, you can proceed to options. Or perhaps like me, do some online stuffs that gives you passive income every month. Click To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. for ways to earn a million To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Already started monthly passive income in just three months. :love4: To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

09-01-2008, 08:48 PM	#18 (permalink)
World IR Registered Members Join Date: Jan 2008 Posts: 50 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: Singapore SGC$: 119.00 Bank: 0.00 Total SGC$: 119.00	Re: Earning so little.. how to invest? seem like option a highly leverage trading... penny stocks can double or thripe if invest correctly No obligation http://www.penny-stock-secrets.com/?hop=edgevz07 Checkout my blogging ----------------------------------- To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

13-01-2008, 01:36 AM	#19 (permalink)
stevetan Addicted SGClubber Join Date: May 2007 Posts: 619 iTrader: (0) My Mood: Gender: Zodiac Sign: Country: Location: Bukit Timah SGC$: 17.85 Bank: 952.90 Total SGC$: 970.75	Re: Earning so little.. how to invest? Whatever you do, do remember to do calculated risks. Click To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. for ways to earn a million To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Already started monthly passive income in just three months. :love4: To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.