facebookHow to start investing at age 25? Any recommendations for how to start for someone thay don’t have much knowledge about investing and finance - Seedly

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Anonymous

How to start investing at age 25? Any recommendations for how to start for someone thay don’t have much knowledge about investing and finance

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  1. Avoid ILP and shady trading/ investing/ crypto/ property courses.
  2. avoid random youtubers/tiktokers giving financial advises.
  3. read seedly.
  4. follow reputable financial advisors like The Astute Parent, who is a regular speaker in Seedly.
  5. follow SGX and SIA
  6. when you are ready, buy board base ETF for a start. DCA regularly. think long term, not few months, not 1 year, not even 5 years. think 10, 20, 30 years long term investing.
  7. continue reading and learning, when you are ready, then see how you want (or don't want) to diversify into different ETFs.

don't be afriad to ask questions to your regular advisor. they are paid to help.

otherwise you can always post questions on seedly.

hope this helps.

Billy

Edited 1d ago

Development & Acquisitions Manager at Real Estate Private Equity

There are many free platforms where you can learn about the fundamentals of investing i.e. how the stock market works, how to read a chart etc. Investopedia, Seedly, Moneysmart, SIAS, SGX

Always keep an open mind. The ultimate goal is to grow one's wealth but there's so many ways to do it. It's like how you want a satisfied stomach but there's so many different ways to achieve that

Tony

1d ago

Computer Engineering at Nanyang Technological university

First step is to understand the concept of risk, price, and value. and also popular investment like stocks, bonds, ETFs. Make sure you have savings/emergency fund. Some good resources apart from seedly personal finance,

https://www.dbs.com.sg/personal/articles/nav/in...

https://www.investopedia.com/how-to-invest-in-y...

Investing should not be done WITHOUT knowledge. Please understand the game first before putting your money in. Either read it yourself or talk to trusted people (aka those who do not directly benefit from you) to understand.

Fees like platform fee and commission are unavoidable, but find the most cost-effective way applicable to you & your finanicial situation.

Start reading! moneysense website to get the basics then read more...

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