Earning so little.. how to invest? - Page 2 - Singapore's Online Community

**relax_crown** · 25-02-2008, 04:22 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?

hmm you can try unit trust is lower risk i heard from web fundsupermart.com.Got to help yourself Read more about if you are interested?

I read a few investment book before when young you save alot and invest alot you sure get more then enough when your retirement.

**Hirakawa** · 25-02-2008, 04:35 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?

Do more thing to generate more income. For myself, I not only doing full time job, but also try to sell something online.

**PinkLady** · 19-03-2008, 10:12 PM

	Quote:			Originally Posted by rinoakoh
	FYI, Clement Chiang is from the same secondary school as me

Btw how much does the financial seminar costs? how long it takes

**TheShah** · 21-03-2008, 07:26 AM

Initially..approch cautiously to build an investable amount..

Say...you save $500 for 24 month..that will equal to $12000 (not including interest..which is not much)

Out of this $12k..keep aside minimum 3 month of your last drawn salary...say..$5000 (emergency cash)..you would have..$7000.

Now..this $7000 you can be a aggressive with your "investment" approach...give yourself a goal..a realistic goal...use the rule of 72..to see how much ROI % u need to double your money.

Just as an example ..your $7000 in a compound interest of 5% per annum will grow to $18500 in 20 years..but if u add $1000 each year..it will grow to almost $54000 in 20years

My point is if you are young..say less than 20 years of age..take a long term investment approach..Time is an advantage you must take.

Kaze.YonGMinG · 21-03-2008, 10:27 AM

yep shah is right. its better to start young. its easier to work towards ur 1million dollars for retirement at the age of 20 instead of waiting till u're 40.
accumulation plans are all over in the market. its actually a very good time to enter the market too with US market crashin n stuff. its not the LOWEST price to get ur units now but its one of the cheaper price u can get them at.. even if US goes into recession. it should recover within say 3 years.

in financial planning line. we like to say.... do not time the market... give time to the market.
set aside some savings before u actually commit urself to long term investments. get urself an investment linked life policy for protection as well. probably go with a high risk fund to generate more funds over time since u're still young =)

use time to ur advantage

**emoh** · 22-03-2008, 09:41 AM

	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?

I have a method, if you are interested pm me. investment online without using your own money.

Kaze.YonGMinG · 23-03-2008, 12:37 AM

sounds fishy =p

**inle** · 28-03-2008, 02:37 PM

if u 1 2 noe about investments n stuff...
u can read more n learn more about the mkt....
fundsupermart s a good place to start....

if u dun really mind...
engaged a prof financial adviser to help u out for a start....
jux take note tat a financial adviser dun mean those insurance agents out there who noe nuts about inv but only focused on sellin ur their products....
a good one shld discuss on mkt temperamentals, portfolio n inv strategies n phlisophilies....

Kaze.YonGMinG · 29-03-2008, 02:13 AM

i doubt traditional INSURANCE AGENT exist anymore =p
maybe their agency just not good enough to deal with investments.

most insurance are investment linked this days... many different combinations to fit different needs. well... feel free to try me if you think im just an average insurance agent. =p

i might be new but im pretty sure im learning from some people who are in financial advisory line

hmm... there are agents who are CANNOT MAKE IT kind who cant survive longer than 2 years in this line... and i guess those are the ones u're referring to. hahas

**inle** · 29-03-2008, 02:34 AM

	Quote:			Originally Posted by Kazehana
	i doubt traditional INSURANCE AGENT exist anymore =p maybe their agency just not good enough to deal with investments. most insurance are investment linked this days... many different combinations to fit different needs. well... feel free to try me if you think im just an average insurance agent. =p i might be new but im pretty sure im learning from some people who are in financial advisory line hmm... there are agents who are CANNOT MAKE IT kind who cant survive longer than 2 years in this line... and i guess those are the ones u're referring to. hahas

jux to check wz u tat most insurance r not investment link tis days...
the core biz of insurance co r still insurance...
i think they sell more insurance than any investment products...
investment linked are still insurance products....
they are not even considered as Unit Trusts...
i think u r from Prudential...
mayb u can look at the difference between ur company PruLink China India Fund n Pru Dragon Peacock Fund...
one s by Pru Assurance while the other s Pru Assets Mgment....

i think LIA or MAS limits insurance agents like urself to give insurance advise n not inv advise....
mayb u can check back wz ur mgr who recruit u in n get ur job scope correct b4 u went out there n mislead a lot of pple....
n mayb get urself into trouble....

if one 1 2 buy insurance, it s good to go to an insurance agent, like urself....
if one 1 2 haf a financial plannin session, it s good to go to a financial adviser who can also provide investment advice....
dun cross the line....

Kaze.YonGMinG · 29-03-2008, 02:46 AM

hmmm.. im not under prudential... lol. not directly contracted but yea.. i do their sell their products mainly i think. but well.. i do stuff like apply for credit cards n other things too. haha.

even if u wan stuff like travel insurance that pru dun have. or maybe fix deposits which we dun have as well... its still our job to help to see that u get what u need. its part of the service we provide =)

its really up to the agency ur FA is from... some are really willing to go the extra mile.

u're pretty wrong to say that most insurance r not investment linked. its one of prudential's best sellers.
part of the premium you pay goes to min sum assured in cases of total perm disabilities or death. the rest goes into the saving/investment component of the plan.

as for the funds u mentioned. they are choices u can choose when u take up a investment linked policy from prudential. you can actually switch between those funds... we dun advise u on funds. we show you what funds we have and what are the risk involved. we dun promise a return rate it all depends on the point of time u sell ur units. but over the years... few investment loses money... its almost always an upward curve

**inle** · 29-03-2008, 03:11 AM

	Quote:			Originally Posted by Kazehana
	hmmm.. im not under prudential... lol. not directly contracted but yea.. i do their sell their products mainly i think. but well.. i do stuff like apply for credit cards n other things too. haha. even if u wan stuff like travel insurance that pru dun have. or maybe fix deposits which we dun have as well... its still our job to help to see that u get what u need. its part of the service we provide =) its really up to the agency ur FA is from... some are really willing to go the extra mile. u're pretty wrong to say that most insurance r not investment linked. its one of prudential's best sellers. part of the premium you pay goes to min sum assured in cases of total perm disabilities or death. the rest goes into the saving/investment component of the plan. as for the funds u mentioned. they are choices u can choose when u take up a investment linked policy from prudential. you can actually switch between those funds... we dun advise u on funds. we show you what funds we have and what are the risk involved. we dun promise a return rate it all depends on the point of time u sell ur units. but over the years... few investment loses money... its almost always an upward curve

Most insurance products tat Pru or the other insurance companies haf r not investment linked....
if one 1 2 do inv, there s no point in takin an investment linked products....
they mite go for the real invest products...
investment linked products r still insurance products....

i still dun noe how u do inv plannin but tats beyond ur league anyway...

Kaze.YonGMinG · 29-03-2008, 03:20 AM

investment planning... did i do that? o.o
like i said over and over.. there are pure investment products provided by pru. its the same funds used to investment linked if u get what i mean. the only thing i do is to find one that suits the client's risk profile. its not something i decide. =) its something that is stated by pru. they label their funds

different funds has different components so to speak. ur usual.
low risk
low to medium risk
medium to high risk
high risk

and this are all LABELED on their funds... so in what way did i try to go out of my league?

**inle** · 29-03-2008, 03:30 AM

	Quote:			Originally Posted by Kazehana
	investment planning... did i do that? o.o like i said over and over.. there are pure investment products provided by pru. its the same funds used to investment linked if u get what i mean. the only thing i do is to find one that suits the client's risk profile. its not something i decide. =) its something that is stated by pru. they label their funds different funds has different components so to speak. ur usual. low risk low to medium risk medium to high risk high risk and this are all LABELED on their funds... so in what way did i try to go out of my league?

ILPs n UTs r diff products....
they r products from 2 diff companies....
they need diff licenses to sell....
the way the charges r s diff....
the way they derived their values r also diff....
how can they b the same????