The markets may be close to crashing and this is why investing soon might be one of the best things you can do for yourself.
For the first time since March 2020, the S&P 500 sank to a bear market on June 13th and if history is any indication, it is set to get worse. Since the late 1920s, the index has been in over 24 bear markets, with damage and duration varying significantly from one to the other. Currently the index value crashed by 20% from its recent peak. Understandably, it’s hard to be optimistic about investments right now. This fall only serves as a reminder of how risky investing can be to some of us.
However, history also shows that it is going to get better. After all, every gray cloud has a silver lining. Investors who dive in soon can experience great returns in the long run. Buying low is one of the first things an investor looks out for, and it will soon be time to strike while the iron is hot. Bear markets do not last forever, and those who look at the big picture and can stomach volatility may be rewarded handsomely.
The S&P 500 Index is only one of the many opportunities you have to begin investing. If you’re looking for a sign to start, consider this a blaring alarm to get into investing in Singapore.
Singapore has its fair share of online brokers and you’ll truly be spoilt for choice.
If your attention is fixed firmly on the S&P 500 Index, investing with Syfe Trade may be the way to go. After the introductory offer of 5 free trades per month, each trade thereafter only comes in at USD0.99. Syfe Trade also allows you to trade fractionally. This means that if you can’t fork up over USD130 for an Apple stock, that’s no issue. You can buy a fraction of the stock instead with whatever you are comfortable with investing.
If you’re looking for the cheapest commission rates so you can get the best bang for your buck, take a look at uSMART. uSMART currently boasts the lowest commissions, coming in at only 0.02%. The user experience is also one of the best on the market, with features like Buy-Low and Sell-High. These allow you to set a price at which you wish to buy or sell a stock, and automatically authorize the transaction once it is hit.
For those curious about Robo advisors, EndowUs is a great option. It allows you to use your CPF savings to get started and is a lower cost alternative to traditional wealth management advisors. With a 1.8% to 2% yield target, EndowUs has one of the highest yields in the market. This option is great for small and large investments alike.
Overall, investments come with risk but are a way to build your future. Singapore is one of the best places for investments as a customer has a large amount of options. Stocks, EFTs, and Robo advisors are only some ways to get started. There are also other options such as Forex trading or P2P crowdfunding platforms where you can begin. To find out more, read our guide to investing in Singapore.