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Anonymous

23 Dec 2020

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General Investing

How would you recommend your peers who don't have any investment knowledge to start investing?

Been wanting to start investing while still in school, but quite clueless where to start?

Discussion (16)

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Zac

23 Feb 2021

Noob at Idiots Invest

You might be interested in similar threads here and here.

Warren Buffett recommends index investing for beginners who know absolutely nothing because it's diversified and passive.

You can also invest via digital advisors aka robo-advisors; they're also diversified and passive - great for beginners who have little experience.

These are both good places to start, although you will have to read up and understand why you're choosing them.

Once you start investing, channel your free time and energy towards reading, so that you better understand investment and form steady convictions concerning it. Starting broad gives you general investment principles/frameworks, narrowing down helps you get into the details of a specific investment.

In the meantime, continue passively investing while you build your knowledge. When you're ready, you can look to add further elements to your portfolio.

I am a beginner myself, and I designed this IG page to document what I learnt but also to serve as a guide for other beginners like me. It's pitched at people who're starting from absolute ground zero.​​​

Ow Jie Liang

23 Dec 2020

Student Ambassador 2020/21 at Seedly

A good idea would be to watch beginner videos on a platform like youtube. the knowledge is not structured like a school curriculum, so its important to note that it is going to be a bit like the wild west when you start.

some paths to consider embarking on: videos, books, news, blogs and articles.

I think the first thing to consider is what's the motivation to invest? This is to set the right mindset and ensure you are motivated to continue investing for a long term (e.g 20 years). No motivation you might just give up halfway. What got me motivated is when I realize I need at least 1million to retire comfortably and that pushes me to start investing at early age!

Next, you can do some reading and research first. I find seedly articles really helpful, you can start with the investment 101 to learn the fundamentals like what are bonds, stocks, ETFs, robo advisors etc. Then you can pick up some investment books to deepen your knowledge.

You can start off with robo advisors first since it's pretty diversified and good for beginners. Then maybe ETFs and when you have better knowledge you can go into individual stocks! Also what is important is to understand your own risk appetite and investment style (active vs passive).

I just started investing too and the above is what I did. Goor luck in your journey!

Lin Yun Heng

22 Dec 2020

Senior Analyst at Delphi

  1. Compound Interest snowballs over time. The longer you drag, the lesser you get in the end.

  2. Start with a Robo, a good start can be Syfe Equity100

  3. Read up and build your knowledge (Invest in yourself) A good start is rich dad poor dad + one up on wall street​​​

Jiayee

11 Dec 2020

Salaryman at some company

Start simple e.g. robos. Then (optional) slowly build up more knowledge and DIY afterwards....

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