I am new to investing with around 5,000 and I'm wondering how should I get started. Any tips?

Hi Anon,

Given that you're yet to embark on the investing journey, the first step would be to read up and understand what investing is. Although there are so many financial advisors out there who can help you with this, I'd suggest that you go for a robo-advisory platform to do the job of assessing your current financial position and recommend a portfolio strategy after reviewing your risk profile. As for the "catch", I would say that Robo-advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees.

I work at kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.

I hope this helps you make the right decision.

How much and what to invest in is a question that you will need to answer on your own after doing sufficient research on the investment and your risk aptitude.

What you should not do:
1) invest in something that you don’t understand
2) invest because you are pressured to do it
3) invest because someone said so

Good luck