facebookI’m 22 years old and would like to get into investing. Should I invest in the index or mutual funds? My goal is long term growth. What should I invest in for a beginner and how should I do it? - Seedly

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Anonymous

20 Nov 2020

Stocks

I’m 22 years old and would like to get into investing. Should I invest in the index or mutual funds? My goal is long term growth. What should I invest in for a beginner and how should I do it?

Save a monthly goal and use that to invest?

Discussion (10)

What are your thoughts?

Guo Hao Teo

Guo Hao Teo

20 Nov 2020

Self-Taught Enthusiast at Personal Finance

You should just get started on a robo advisor would recommend it for all beginners starting out first!

Easy to get started low barrier to entry and low fees

Jiayee

Jiayee

20 Nov 2020

Salaryman at some company

You can do dollar-cost averaging (i.e. invest monthly) via robos or online brokerages. The rest of the community has mentioned specific index funds which you can invest in. Most robos set up portfolios for you, with the exception of Kristal and Endowus FundSmart which offer some (not all!) control.

Zaid Zed

Zaid Zed

20 Nov 2020

Investor/risk management at financial firm

Look into Growth ETFs such as ARK innovation ETF. They focus on disruptive innovative companies that...

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