22 Mar 2021
Hi, I am new to investing. Would like some advice.
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22 Mar 2021
Personal Butler at Devhaus
If you have a great plan, any time is a good time. If you're reckless and make impulsive decisions based on what's "hype", any time would be a bad time.
Some tips that worked for me:
#1 Read. Read all about the company. How their business model works, whether or not they are generating income, what are their prospects, are their service/product in demand, will they withstand the trial of time, do the key figures in the company believe in the value they provide to society, etc.
#2 Never make decisions based off short-term events. Unless you're a trader, never let the short-term market fluctuations influence your decisions. Plan your investing strategy, stick to it, and never let other people's opinion affect your plan. Just because everyone is buying something doesn't mean it's a good stock to hold.
Regardless, almost all of the people I know who invest in stock market wish they started earlier. And as the cliche goes, it's not about timing the market - but time in the market.
Wishing you all the best with your investment journey!
We cannot know good entry points beforehand. Not possible.
Depends on what kind of trader are you!
Are you a market trader? Day trader?
If not there’s really no point timing the market since you’re going to invest for a long time :)
17 Mar 2021
Marketing Strategist at Beithoven.com
I was a noob more than 20 years ago when I started my investment journey and am now at a stage where I can be free to do what I want. My advice - there is no good time or bad time for investment. Every day, there are opportunities for investment. Just do your research or invest in a good teacher or coach, just like I did. But, start early, as early as possible. Have fun!
Just buy and DCA, let it compound over time.
No need to be too concern about short term market move...
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