facebookI have $15k savings excluding emergency fund. I’ve been reading different investment articles and I’m still clueless. The only step I took was investing in SSB which is at $8k now. What should I do? - Seedly

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Anonymous

14 Aug 2020

General Investing

I have $15k savings excluding emergency fund. I’ve been reading different investment articles and I’m still clueless. The only step I took was investing in SSB which is at $8k now. What should I do?

Any help?

Discussion (5)

What are your thoughts?

Leong Wen Fong

Leong Wen Fong

02 Nov 2018

Level 10·Partnerships Lead at Aspire

Unfortunately, investing is very dangerous when done blind. You have to understand them before you get into it, and not follow someone's advice blindly! But at least you have started on SSB, which is a step forward!

Here is Kenneth's advice from a similar question:

"Investing should never be a rash decision. One should get to know his financial health and his investing mindset such as risk preference better. Below are some articles to read up while understanding your personal investing mindset.

Adding on to this, you can look out for investment courses eg Dr Wealth to help you learn more about investing!

Ernest Yeam Wee Leong

Ernest Yeam Wee Leong

26 Nov 2019

Level 9·Content Creator at www.youtube.com/c/JustBeingErnest

If you are still clueless about investing, not to worry as many people also started off the same situation as you as well.
The first thing is to settle all the basic essential stuff like insurance, clear debts and emergency funds which you already have.

Then for moving on to the investment, I will use a soccer team as an analogy.

Goalkeeper: Cash

Defenders: Insurance

Midfielders: Low-risk investments (bonds, SSB, fixed deposits)

Strikers: High-risk investments (stocks, ETF)

If you got your goalkeeper, defenders and midfielders already and looking for your strikers, then you will need to learn how to pick the right strikers.

Here at seedly website products, they have a list of "courses" that train you on how to pick your strikers. https://seedly.sg/reviews/investment-courses
See which courses are teaching stuff that is according to your investment style and learn from gurus. Once done you will probably know how to pick your strikers already.

LK

Lee Kong Heng

26 Nov 2019

Level 4·Biotechnologist at RSTO Pte Ltd

It does take time to have a feel of the ground (markets or products) and understand your own nature ...

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