3 Things You Can Do to Use Singapore’s Best Investment Platforms to Your Advantage

Based on information published by GuideMeSingapor.com, the cost of living in Singapore is quite moderate for the basic necessities. However, when Singoporeans factor in the price of owning an automobile, paying for housing and a private education, these added expenses can be quite costly.

So, it is very important that every family have an investment strategy that will increase their financial wealth well into the future. Even with a limited amount of income flowing in, there are a variety of different ways to keep the family finances protected. With that being said, here are 3 things that you can do to use the best investment platform in Singapore to your advantage.

  1. Identify the Best Investment Platforms for Fixed Monthly Sums

 To increase your family’s net worth over time, you need to devise a plan that accommodates your needs and your budget. And, once you have this plan, you can deploy it real time so that you can find the best investment platforms located in Singapore. For instance, if you do your research, you will find that there are a number of different investment platforms that offer fixed monthly sum opportunities for both seasoned and novice investors. Here is a list of the 20 top investment platforms that offer fixed monthly sums to their investors.

 #1 POSB Invest Saver/ DBS Invest Saver

 #2 PCBC Blue Chip Investment Plan (BCIP)

 #3 Philip Share Builders Plan

 #4 FSMOne Exchanged Traded Fund (EFT) Regular Savings Plans (RSP)

 #5 Philip Recurring Plan

 #6 Saxo Regular Savings Plan

 #7 Stashaway

 #8 Autowealth

 #9 Syfe

 #10 Utrade Robo

 #11 UOBAM Invest

 #12 PCBC RoboInvest

 #13 DBS DigiPortfolio

 #14 DBS Regular Savings Plan (DRSP)

 #15 Philip Unit Trust Regular Savings Plan

 #16 FSM Maps

 #17 DollarDEX

 #18 Endowus

 #19 Moneyowl

 #20 Financial Advisers

 Each of these investment platforms offer different features and terms to people who want to take advantage of these opportunities. For instance, OCBC RoboInvest includes the following terms for investors who want to get started right away. 

  •     Minimum Investment amount start-up is as low as $100
  •     Investment Risks Levels range from very low risks to very high risks
  •     Fees: 0.88%
  •     Rebalancing notifications
  •     Automated Portfolio Monitoring

2. Choose an Affordable Monthly Amount

 If you have never made any investments in the past, you can still participate in making long-term investments. In fact, these investment platforms are ideal for beginner investors like you who do not have large sums of money available. Yet, you want to take advantage of investment opportunities that can help you and your family to have access to building up your own portfolio.

 Before getting started, however, it is very important that you, as a new investor, choose an amount that you can afford to pay out of your budgets each month. Also, because this is a fixed amount that does not go up and down, there are no surprises at the end of the month that will need to be paid. All you have to do is make sure that this fixed amount is free and available without putting undue stress on your present or future finances.

  1. Do Your Research – Check out the Investment Schemes and Strategies

 As with any new financial or business venture, you need to know exactly what you are getting into. So, you need to research each investment platform to see which investment strategies and schemes that they will abide by. For instance, if you prefer a platform that minimises the long-term risks, you should select the platform that fits this type of investment strategy best. On the other hand, if you want an investment platform that is a lot more aggressive, you should know this, too. So, it is important that you look at the benefits of each fixed investment platform and then make the appropriate comparisons.

 Conclusion

 If you are looking to increase your family financial standing, you need a plan that can help you to do just that. In fact, as a general rule, you need an investment strategy that will allow you to invest an affordable amount without placing undue financial burdens on you and your family.

 Fortunately, there are a wide array of options that are available in this industry today. Many of which will allow you to invest a fixed amount monthly into an investment platform that accommodates the needs of their investors.