How to Invest in Singapore for Beginners 2024

Sponsor: 🐮 Moomoo SG https://hmsg.link/sgmoomoo
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Total Rewards up to S$900* (inclusive of S$20 Cash Coupon KOL Bonus) *T&Cs apply.
For Malaysians: 🐮 Moomoo Malaysia https://hmsg.link/mymoomoo

📙 Advanced Credit Card Mastery Course: https://hmsg.link/accm
☕️ Support me at Ko-Fi: https://hmsg.link/shop
🔭 Telegram Group: https://t.me/HoneyMoneySG
📷 Instagram @HoneyMoneySG   / honeymoneysg  
🎵 TikTok   / honeymoneysg  
📧 Email (Business only): [email protected]
🕸️ My Website: https://hmsg.link/website

INVESTING
📈 Interactive Brokers: https://hmsg.link/ibkr
📈 IBSG Sign-up https://hmsg.link/ibsg
🐂 Webull Singapore https://hmsg.link/sgwebull
🐯 Tiger Brokers SG Code HONEYMONEY: https://hmsg.link/sgtiger
🌉 Longbridge SG Code UIKHFMD9 https://hmsg.link/longbridge
💹 CMC Invest https://hmsg.link/cmcinvest
🐬 uSMART Code nn8gx7 https://hmsg.link/sgusmart
📝 POEMS Cash Plus: https://hmsg.link/poems
💵 ProsperUs Code: HONEYMONEYSG https://hmsg.link/prosperus
📗 Seeking Alpha Premium Offer https://hmsg.link/seekingalpha
📗 Alpha Picks by Seeking Alpha https://hmsg.link/alphapicks

CARDS & PAYMENT APPS
💳 Credit Cards Affiliate Links (Singsaver gifts) https://t.me/sgpromocode
🔎 Google Pay lp0l598 https://hmsg.link/googlepay
💴 Instarem Amaze Code: NhkWBH https://hmsg.link/amaze
🚌 Revolut SG https://hmsg.link/revolut
☯️ YouTrip https://hmsg.link/youtrip
🙏 Trust Bank Code: HUQPC614 https://www.trustbank.sg
🅱️ BigPay referral KJN6MN5GS0 at http://bigpay.link/referrals
🚩 Wise https://hmsg.link/wise
✈️ Kris+ App Code: C647172 https://hmsg.link/krisplus
🛍 Shopback $5 Code: caQmJa https://hmsg.link/shopback
🧾 DBS Paylah! $5 with code CHRHAF684
😻 Favepay https://hmsg.link/fave
💰 iPayMy https://hmsg.link/ipaymy
💳 CardUp Code WAIKITC316 https://app.cardup.co/users/sign_up
👛 Touch n’ Go eWallet https://hmsg.link/touchngo
♾️ Heymax Max Miles https://hmsg.link/heymax

LIFESTYLE
🏬 Lendlease Plus $5 code NsHQKY https://hmsg.link/lendlease
🎮 Sony PS5 https://hmsg.link/ps5
🛍 Qoo10 https://hmsg.link/Qoo10
⭐️ CapitaStar App https://hmsg.link/capitastar
🛒 NTUC Union https://hmsg.link/ntucunion
🐼 FoodPanda https://hmsg.link/foodpanda
📞 ZYM Mobile Code: HONEY on https://zym.sg
🍿SNACK by Income code: CHO8137 https://hmsg.link/snack 

FINANCIAL
☣️ Syfe Code: HONEYMONEY @ https://hmsg.link/syfe
🤖 Endowus https://hmsg.link/endowus
💸 Stashaway https://hmsg.link/stashaway
💰 UOBAM Invest https://hmsg.link/uobam
🇲🇶 FSMOne by iFast Code: P0352323
🍫 Chocolate Finance https://hmsg.link/chocolate
🤖 Dobin iOS code HONEYMONEY https://hmsg.link/dobinios
🤖 Dobin Android code HONEYMONEY https://hmsg.link/dobinandroid

BUSINESS
💼 Osome Services https://hmsg.link/osome
🦅 AMEX Highflyer Card https://hmsg.link/highflyer
☯️ YouBiz $50 Code: zi94mVNK @ https://hmsg.link/youbiz

TRAVEL
✈️ MSIG Travel Insurance https://hmsg.link/msigtravel
✈️ Allianz Travel Insurance https://hmsg.link/allianztravel
✈️ Starr Travel Insurance https://hmsg.link/starrtravel
✈️ Seedly Travel Insurance https://hmsg.link/seedlyti
✈️ TIQ by Etiqa Code R56612 https://hmsg.link/tiq
🏨 i-Prefer Hotels https://hmsg.link/iprefer
💸 iChange Code chong268 https://hmsg.link/ichange
✈️ Trip Hotel & Flights https://hmsg.link/trip
🍿SNACK by Income code: CHO8137 https://hmsg.link/snack 

PROFESSIONAL SERVICES:
🤝 DareToFinance Fin Planning https://hmsg.link/daretofinance
🏠 Book a call with Ohmyhome https://hmsg.link/ohmyhome
🏠 Buy/Sell your home with https://hmsg.link/jjongproperty

Disclaimer: The information provided in any affiliate referral or recommendation should not be considered as financial advice. The content is for general information purposes only and does not take into account your personal financial situation, goals or objectives. You should always do your own research and seek professional advice before making any financial decisions. We may receive compensation for affiliate referrals, but this does not influence our recommendations or reviews.
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Defensive Investing Strategy
Minimalist approach + pluck low hanging fruits
Slow and steady returns than astronomical growth
Not for young folks who prefer to chase high risk high growth returns
Have no high interest debts and sufficient insurance plan in place

L1: SSB, T-bills, CPF
SSB & T-bill government securities
CPF: 1% Additional interest on first S$60K

L2: Money Market Funds
Fullerton SGD Cash Fund

L3: Index Funds & ETFs
SGX: STI ETF (ES3), REIT ETF (CLR)
US: S&P500 (VOO), NASDAQ (QQQM)
LSE: S&P500 (CSPX), World Index (VWRA), Developed markets (IWDA)

L4: Dividend Investing
Distribution of profits to shareholders (cash or stock)
REITS (Mapletree, Capitaland, Frasers) or Banks (Big 3)
Dividends are not taxed in Singapore

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