{"id":2371,"date":"2020-12-24T17:42:01","date_gmt":"2020-12-24T09:42:01","guid":{"rendered":"https:\/\/www.syfe.com\/magazine\/?p=2371"},"modified":"2024-04-02T14:11:21","modified_gmt":"2024-04-02T06:11:21","slug":"how-much-money-do-you-need-to-start-investing","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/","title":{"rendered":"How Much Money Do You Need To Start Investing?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" data-attachment-id=\"2372\" data-permalink=\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/22-oct-what-to-expect-2\/\" data-orig-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2.jpg\" data-orig-size=\"1080,1080\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"22-Oct-What-To-Expect-2\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-300x300.jpg\" data-large-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-1024x1024.jpg\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-1024x1024.jpg\" alt=\"\" class=\"wp-image-2372\" srcset=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-1024x1024.jpg 1024w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-300x300.jpg 300w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-150x150.jpg 150w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-768x768.jpg 768w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-696x696.jpg 696w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-1068x1068.jpg 1068w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2-420x420.jpg 420w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>There\u2019s a common misconception that you need to have tens of thousands of dollars saved up before you\u2019re able to start investing. Truth is, you don\u2019t need much to get started.&nbsp;<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Don\u2019t underestimate the power of starting early, even if you can\u2019t contribute a lot just yet. That\u2019s because the <a href=\"https:\/\/www.syfe.com\/magazine\/how-compounding-can-help-make-you-rich\/\">power of compounding<\/a> 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The right amount to invest&nbsp;<\/strong><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Generally, here\u2019s what to take note of when deciding the right initial investment amount for yourself:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Adequate <a href=\"https:\/\/www.syfe.com\/magazine\/why-you-need-an-emergency-fund\/\">emergency savings <\/a>covering about three months of your income<\/li><li>Adequate insurance coverage<\/li><li>Minimal high-interest debt like credit card debt&nbsp;<\/li><\/ul>\n\n\n\n<p>Many people also find it helpful to create a budget that determines how much money they can set aside for investing each month. A general rule of thumb is to allocate 50% of your salary to essential needs, 30% to discretionary spending, and 20% to savings and investments.&nbsp;<\/p>\n\n\n\n<p>After considering the above factors, you should be able to find an amount you can commit to investing every month. That could be $500 a month, or maybe $2,000 a month. The overall amount doesn&#8217;t really matter as long as it is an amount you can keep contributing regularly, regardless of market moves. This is also known as <a href=\"https:\/\/www.syfe.com\/magazine\/the-power-of-dollar-cost-averaging\/\">dollar cost averaging<\/a>, a strategy that averages out the cost of your investments and helps you build wealth over time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to invest with $500 a month<\/strong><\/h2>\n\n\n\n<p>One benefit of using a platform like Syfe is that it makes <a href=\"https:\/\/www.syfe.com\">investing in Singapore extremely accessible.<\/a> With a modest sum, you can start to build a diversified portfolio with exposure to thousands of companies.<\/p>\n\n\n\n<p>Say you\u2019ve decided that $500 each month is the right investment amount for you. It will be difficult to get a multi-asset portfolio with this initial investment if you were to invest through traditional brokers.&nbsp;<\/p>\n\n\n\n<p>But with Syfe\u2019s <a href=\"https:\/\/www.syfe.com\/core\">Core Portfolios<\/a>, your $500 investment will get you a diversified portfolio consisting of stocks, bonds and gold. In essence, you\u2019ll be investing in thousands of companies from around the world, and across a broad range of industries, with just one portfolio.&nbsp;<\/p>\n\n\n\n<p>If you stick diligently to your $500 a month investment plan, here\u2019s how much it can grow to after 10 years with our <a href=\"https:\/\/www.syfe.com\/core-growth\">Core Growth<\/a> portfolio. As you can see, you can potentially earn more than double by simply investing, rather than leaving your savings in the bank.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"384\" data-attachment-id=\"3340\" data-permalink=\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/core-growth-fv\/\" data-orig-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV.png\" data-orig-size=\"1177,441\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"core-growth-FV\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV-300x112.png\" data-large-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV-1024x384.png\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV-1024x384.png\" alt=\"\" class=\"wp-image-3340\" srcset=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV-1024x384.png 1024w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV-300x112.png 300w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV-768x288.png 768w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV-696x261.png 696w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV-1068x400.png 1068w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV-1121x420.png 1121w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/core-growth-FV.png 1177w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Of course, you can also boost your returns with ad-hoc investment amounts, such as when you <a href=\"https:\/\/www.syfe.com\/magazine\/6-smart-ways-to-spend-your-bonus\/\">get your bonus<\/a>. Because Syfe has no minimum investment amount and no brokerage fees, you can invest any amount you prefer at any time.<\/p>\n\n\n\n<p>The key takeaway is that it&#8217;s never too early to start investing. You don\u2019t need to wait until your salary is \u201cenough\u201d to begin your investment journey. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.syfe.com\/personalInfo?source=CORE_GROWTH\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"341\" data-attachment-id=\"3463\" data-permalink=\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/syfe-core-growth-3\/\" data-orig-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3.png\" data-orig-size=\"1200,400\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Syfe-Core-Growth-3\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3-300x100.png\" data-large-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3-1024x341.png\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3-1024x341.png\" alt=\"Invest in Syfe Core Growth portfolio with no minimum investment \" class=\"wp-image-3463\" srcset=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3-1024x341.png 1024w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3-300x100.png 300w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3-768x256.png 768w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3-696x232.png 696w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3-1068x356.png 1068w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2021\/05\/Syfe-Core-Growth-3.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s a common misconception that you need to have a lot saved up before you\u2019re able to start investing<\/p>\n","protected":false},"author":3,"featured_media":2372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,287],"tags":[],"class_list":{"0":"post-2371","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-grow-wealth","8":"category-investing-basics"},"acf":{"readingTime":"","authorName":"","authorThumbnail":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Much Money Do You Need To Start Investing?<\/title>\n<meta name=\"description\" content=\"There\u2019s a common misconception that you need to have lots of money before you\u2019re able to start investing. Truth is, you don\u2019t need much to get started.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Much Money Do You Need To Start Investing?\" \/>\n<meta property=\"og:description\" content=\"It&#039;s a common misconception that you need to have a lot saved up before you\u2019re able to start investing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/\" \/>\n<meta property=\"og:site_name\" content=\"Connect\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-24T09:42:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T06:11:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Syfe Singapore\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Syfe Singapore\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/\"},\"author\":{\"name\":\"Syfe Singapore\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/#\/schema\/person\/8d955bc4210538fdf152e7e66c4b943c\"},\"headline\":\"How Much Money Do You Need To Start Investing?\",\"datePublished\":\"2020-12-24T09:42:01+00:00\",\"dateModified\":\"2024-04-02T06:11:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/\"},\"wordCount\":590,\"publisher\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2.jpg\",\"articleSection\":[\"Grow Wealth\",\"Investing Basics\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/\",\"url\":\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/\",\"name\":\"How Much Money Do You Need To Start Investing?\",\"isPartOf\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/how-much-money-do-you-need-to-start-investing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2020\/12\/22-Oct-What-To-Expect-2.jpg\",\"datePublished\":\"2020-12-24T09:42:01+00:00\",\"dateModified\":\"2024-04-02T06:11:21+00:00\",\"description\":\"There\u2019s a common misconception that you need to have lots of money before you\u2019re able to start investing. 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