Investing is more accessible today than ever. Many women are starting their financial journeys at younger ages, according to experts in the field.
So Sin Tin, the chief client officer at Endowus, a digital wealth management platform, highlights the variety of platforms available now and the wealth of educational resources online. “The key is to just start and stay consistent. The earlier you begin, the better your chances of building a solid investment portfolio over time,” she explains.
If you’re worried about needing a lot of money to start investing, don’t be. “Beginning small helps you develop a habit. Plus, compounding works quietly in the background. Over years or decades, your steady commitment will be way more impactful than trying to time the market or making big, one-off contributions,” So adds.
Even if you’re starting later in life, it’s not too late. Jonathan Leong, who heads wholesale in Southeast Asia for Fidelity International, recommends dollar-cost averaging (DCA). This means investing a fixed amount regularly, like monthly, rather than a big lump sum. It’s a great way to grow your savings, especially as costs rise.
Leong suggests pairing DCA with a diversified portfolio that focuses on income. As your income grows, it’s wise to increase your monthly investments to keep up with your lifestyle and healthcare needs.
### Investing in Your 20s
Start by building a strong foundation. This includes learning budgeting basics, setting up an emergency fund, paying off high-interest debt, and beginning to invest—even with small amounts.
Leong emphasizes looking at investments in percentages. For instance, if you invest S$10,000 with a 6% annual return and leave it untouched, it could grow to about S$18,000 in 10 years and nearly S$58,000 in 30 years.
Research shows that early investors tend to stay committed longer, leading to better outcomes. According to a 2022 study by the Investment Company Institute, regular investing can result in a cumulative return that significantly outpaces sporadic investments.
So, embrace this journey. Start small, learn as you go, and watch your investments grow. It’s all about patience and consistency. Investing is a marathon, not a sprint.
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Women's Life,financial planning,Retirement planning
