facebookI am a new investor and currently in my mid-20s. As someone new and would like to start investing. Any tips for me? - Seedly

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Anonymous

18 Nov 2020

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SeedlyAMA

I am a new investor and currently in my mid-20s. As someone new and would like to start investing. Any tips for me?

Thank you in advance.

AMA PolicyPal

Discussion (2)

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Val Yap

18 Nov 2020

Chief Executive Officer and Founder at PolicyPal

Hi Anon,

Being a new investor, it’s recommended to assess your own risk profile and financial goal to identify what kind of investor you are, and what asset classes are suitable for you to invest in.

As for myself, before I start investing, I reviewed my current liabilities and gotten myself critical illness, shield plan, term life insurance protection. I set aside 10% of my salary for a stock investment and get flexible insurance savings plans such as Singlife account and PolicyPalxGigantiq savings plan.

It is recommended to speak a licensed financial adviser that can assist you in planning for your short term, medium and long term financial goal that is suited to your risk appetite.

Feel free to reach out to us at [email protected] should you need any assistance.​​​

I'd start settling my insurance first. Critical Illness, Life Insurance (For unforeseen early death), Hospitalisation, Personal Accident.

When investing, consider Dollar Cost Averaging and Investing long term. You can consider Robo Investors and ETFs.

I personally am considering going into Syfe and have holdings in VOO and QQQ.

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