facebookI don't have a lot of savings but I do have some. I feel like it's a good time to invest because a lot of people say so. What do I need to know to get started? - Seedly

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Anonymous

09 Apr 2020

SeedlyTV

I don't have a lot of savings but I do have some. I feel like it's a good time to invest because a lot of people say so. What do I need to know to get started?

Any advice?

SeedlyTV S2E02

Discussion (2)

What are your thoughts?

Pang Zhe Liang

Pang Zhe Liang

09 Apr 2020

Level 14·Senior Financial Services Consultant at AIA Singapore Private Limited

Before you start investing, it will be best to understand your objective. Here are some questions to help you:

  1. What is your capital?

  2. How will you want to invest your capital? E.g. lump sum or an amount on a regular basis

  3. How long will you want to stay invested? E.g. 10 years

  4. What is your risk appetite? E.g. How do you feel about short-term volatility?

  5. What is your objective for investing?

Thereafter, focus with the right investment strategy by knowing your investment objective. Then decide the tenure and decide whether to invest a lump sum or to do it via dollar cost averaging.

More Details:

Lump Sum vs Dollar Cost Averaging

Finally, invest into assets that suits your risk appetite.

I share quality content on estate planning and financial planning here.

Matthew Tan

Matthew Tan

09 Apr 2020

Level 7·Undergraduate at NTU

Before investing just because everyone says so, take a look at your own financial standing first especially in the current sitation we're in. Ensure you have an emergency fund saved up and paid off high interest debt.

Invest only what you're willing to lose, know your time horizon and investment goal, know your risk tolerance and which asset class you're looking to invest in. Seedly has written many guides regarding this.

https://blog.seedly.sg/read-me-first-your-perso...
https://blog.seedly.sg/working-adults-begin-inv...

All the best!

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