facebookHi. I have no idea at all about investing. But I heard you can make money by investing. Is investing a better start for non knowledgeable to savings? And if I'm keen to invest, how do I start? - Seedly

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Anonymous

28 Oct 2021

General Investing

Hi. I have no idea at all about investing. But I heard you can make money by investing. Is investing a better start for non knowledgeable to savings? And if I'm keen to invest, how do I start?

What and how to do it? How do i monitor the investment and how do i start?

Discussion (13)

What are your thoughts?

With no knoweldge:

  • Open an brokerage account, IBRK that support fractional shares
  • Buy into board based ETF , CSPX or ISAC, monthly
  • Market will go up & down, but just trust the DCA process. Consistently and continuously.
  • Get rich slow and steady, compounding over long term.
Daniel Chua

Daniel Chua

05 Nov 2021

Level 7·Digital Audio Visual Production (Nitec) at ITE

Hi,

Wellllllll. mindset is important.

first spend less then you make then with that extra cash buy some investment books read it from cover to cover enter communities like seedly to learn from others mistake. Maybe slowly start by opening a brokerage account and put small amounts of money and buy "Safer" index funds.

Or you can do the degen crypto way like me and YOLO everything (back in 2017)

buy four screens and stare at tradingview all day long hehehe

but in all honestly please manage your expectation and start with as much free content as you can because now a days there are alot noise in the market and you may get paralyze by all the information so start small.

and only invest what you are willing to loose

CryptoSensei

CryptoSensei

04 Nov 2021

Level 11·Blogger at diaperfinancingfund.blogspot.com

When I first started out, I bought Singapore Savings Bonds. But this mayn’t be something you want to...

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