08 Jul 2020
I am totally new, almost 40 years old and would like to start investing. I read a bit of the forum mentioned that it might be recommended to invest in ETF. Where can I refer to for more articles?
Where can I learn more about ETFs? What are some key things that I should know wrt this?
Hi there, As the saying goes: "The best time to plant a tree was 20 years ago. The second best time is now". It's never too late to plant the tree of investing.
Back to your question. History shows that EFTs and index funds on average outperformed most managed funds. Besides, you save time, effort and fees.
On the other hand, you can also consider Dividend Growth investing, an investing style that focuses on giving you a passive income. You mentioned that you're 40, making this a good retirement plan to consider.
I've create a video where you will learn:
How to select companies that provides you with consistent and growing dividends.
The qualitative aspects: brand, product & management team etc
The quantitative aspects: income statment, balance sheet & cash flow etc
Watch the video here and I hope this helps! :)
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Hey! Seedly actually has great resources! Some places include Heartland Boy, DrWealth etc. ETFs are a great way to start, for starters because they are diversified (do note the industries of certain ETFs, NASDAW for example is highly focused on tech companies) so you don't have to be scratching your hair over a failed investment. With the current market right now (everything is on sale haha), your strategy might be to do dollar-cost averaging (a regular allotment to invest) instead of doing a lump sum. PhillipCapital actually has great webinars for beginner investors!
If you feel that its really too much work to read up, you might wanna consider getting an Investment-Linked Plan (ILP) with a trusted agent.
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