23 Apr 2019
I am interested in investing in the S&P 500, STI Bluechips and Mutual Funds.
There are reasons why many here has given you advice to clear your debts first.
And For some reason, you decided to do trading, you need to “perform” to make more than the interest your debt is generating.
And trading includes Risks that can result in losses. These losses can be more than what you have in cash. This will further hurt your finances when you already have debts.
Although the chances of making money thru trading is there which will help you clear your debts. But you should not do so in this mindset.
Investing and trading is more on psychological than technical Or fundamentals.
It takes a few second to execute a trade and seems like a lifetime dealing with your psyche everytime there is a movement. if you do not have the right mindset (debt-free, and with disposable income to trade) you will make some wrong decision along the way.
30 Nov 2018
School Of Hard Knocks And Life at School Of Hard Knocks And Life
Settle the debt first so as to reduce the interest payable. Once your debt is cleared, you could then save more to accumulate your capital for investment or trading.
29 Oct 2018
Diploma in Business Management at Nanyang Polytechnic
Its better you pay off debt first. Debt interest is guaranteed while investment is not. Later you lo...
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