Invest
How Much Money Do You Need To Start Investing?
By Syfe  •  December 24, 2020
There’s a common misconception that you need to have tens of thousands of dollars saved up before you’re able to start investing. Truth is, you don’t need much to get started. There are ways to get into the market with more modest sums, from using low-cost brokerage firms to using a robo-advisor like Syfe, which offers $0 account minimums. With no minimum investment requirement, you can start with just a few hundred dollars and add more to your portfolio over time. Don’t underestimate the power of starting early, even if you can’t contribute a lot just yet. That’s because the power of compounding allows your investment returns to earn more returns on itself. So in the long run, a small amount of money invested earlier will end up being more than a large amount of money invested later. The right amount to invest The right investment amount for you could be very different from the right investment amount for your neighbour. It all depends on your personal financial situation and your investment goals....
Read the full article
By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance