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

Advertisement

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?

Sabrina Wong

Sabrina Wong

12 Nov 2021

Communications at University at Buffalo

Hi, I'm a beginner myself so welcome to the club! The first step is always the most difficult!
 
It's okay not to have enough knowledge on this as finance can be a really heavy topic. But one tip I can give is that when it comes to saving and investing, we should always start early (as early as one can), save little and save often.
 
I have recently started my financial journey with Hugo Save, a digital account that helps you spend, save & invest, starting with gold. It's really simple to download and it only takes under 4 minutes to set up a Hugo Account.
 
What's great about it is that there is no minimum balance requirement, penalties or fees for maintaining a Hugo Account and you can invest in gold for as low as $0.01 and for as long as you want to. The gold in the Hugo Gold Vault is physical gold allocated to the user and is safe. And there, you have started your financial journey!
 
If you are keen to build you wealth slowly but surely, you can find out more about the app here: https://www.hugosave.com/
 
I hope this helps you get started! :)

You have to first determine how much money you are willing to lose without crying or feeling bad about it, then just go ahead and do it.

Action is your best teacher.

Start with the concepts and idea of investing, figuring out which markets suit your risk appetite etc. Assuming you have some background in economics and finance (if not go read up), do a deep dive into the current economic situation and how you can position yourself in the market. Figuring Platforms can be done at the end stage. Lastly, no day trading or options or leverage for newbies please! Best of luck!!

No idea or non knowledgeable about investing.

Step 1: read up first. There are lots of info online.

Step 2: still do step 1.

You need to understand alittle no matter what investment assets you eventually choose to invest in.

I self-learn to invest as well.

LD

LD

08 Nov 2021

Healthcare at SG

Yes I agree with YJ. Slow and steady long term is the best.

You can start with 2 ETFs. 1 USA bas...

Read 9 other comments with a Seedly account

You will also enjoy exclusive benefits and get access to members only features.

Sign up or login with an email here

Write your thoughts

Advertisement