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

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Anonymous

30 Oct 2019

General Investing

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

What should i invest in? how much to invest etc

Discussion (4)

What are your thoughts?

Apart from books, I like to read Berkshire Hathaway's annual reports over the years to understand how they look at being successful in portfolio performance. That said, it's possible to keep reading (and reading) and not action on anything.

Which brings me to my second point.

Form a conviction in a stock, and make a small position in it.

It will:

  1. Accelerate your learning curve - because you are putting skin in the game, you are likely to learn all you can about the stock, even though it's your first time
  2. Because now you have dipped your toes in, the material you read (be it books/annual reports/analyst reports) will be more relevant. You will look for certain data points.
  3. You will also learn the emotional aspect of investing. Monitor how you reach when the stock dips/rises. How often do you check on the price? What is your own investment timeline? All these observations about yourself will help you learn.

Hope this helps, and hope you get started on your investing journey!

Arpita Mukherjee

Arpita Mukherjee

30 Oct 2019

Level 8·Community Evangelist at Kristal.AI

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.

Jeff Yeo

Jeff Yeo

28 Apr 2019

Level 10· amateur Social contributor at School of social sharing

How much and what to invest in is a question that you will need to answer on your own after doing su...

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