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Hi,
It is nice to hear of an individual attempting to start investing at such a young age (in fact younger than I had started).
Yes, it is good to set aside some capital for emergency uses. I will advocate allocating 6 months of expenses from your savings and perhaps 1k more since you will be going out with your friends. For the remainder of the money, it should be used for investments and is advisable to invest in 2-3 stocks. For this you can consider opening a SCB brokerage acc, not sure if it is good to open one now, considering the recent news pertaining to Standard Chartered.
However, if you are only able to open normal brokerage accounts like DBS vickers, limtan, maybank etc instead of Stan chart (SCB). I will advise saving until you have about 10k on top of 6 months expenses+1 k for socializing. That's what I am doing.
<26 year old as of now>
It is nice to hear of an individual attempting to start investing at such a young age (in fact younger than I had started).
Yes, it is good to set aside some capital for emergency uses. I will advocate allocating 6 months of expenses from your savings and perhaps 1k more since you will be going out with your friends. For the remainder of the money, it should be used for investments and is advisable to invest in 2-3 stocks. For this you can consider opening a SCB brokerage acc, not sure if it is good to open one now, considering the recent news pertaining to Standard Chartered.
However, if you are only able to open normal brokerage accounts like DBS vickers, limtan, maybank etc instead of Stan chart (SCB). I will advise saving until you have about 10k on top of 6 months expenses+1 k for socializing. That's what I am doing.
<26 year old as of now>