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Anonymous
I've never done any investments before and don't really have much investing knowledge. What should I do and where do I begin?
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Jonathan Chia Guangrong
05 Aug 2019
SOC at Local FI
Not sure of your current circumstances, but there's a couple of things you may want to look into before starting on your investment journey.
Emergency funds of about 3 to 6 months of your monthly expenses
Insurance. Do ensure that you are properly insured especially for medical / hospitalisation
That being said, there are a few approaches to investing. Some invest for income (dividends from stocks, coupons from bonds, etc), while others invest for growth and start to drawdown on their portfolio come retirement.
For me personally, I paid to learn investing and shortcut the learning process. Not sure if this will appeal to you, and it may not for everyone. Reasons for doing so is I have someone to guide me on my mistakes, I learn a proven system and I fast track to an earlier retirement. Bonus was the cheaper comm structure with an established broker.
If you prefer to DIY your learning, I'll suggest a couple of books written in our local context: Rich By Retirement and Millionaire Teacher. Both are relatively easy reads and are excellent for investment beginners.
Hope this gives you an idea on where you can start off. All the best
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Albert Tan
05 Aug 2019
Financial Literacy & Solutions at MoneyOwl
Hi Anon,
The Seedly community is filled with plenty of information for the uninitiated. I'm sure y...
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Hi anon, firstly congrats on wanting to learn about investing!
You can learn about investing in stocks through Seedly's blog at https://blog.seedly.sg/category/investments.
We also have an investing guide specially created for beginners like you: https://blog.seedly.sg/ultimate-personal-financ...
If you are looking for specific books, you can check out this post: https://blog.seedly.sg/beginners-investing-books/
But before you begin investing, it will be good to ensure you have the basics sorted out first: https://blog.seedly.sg/checklist-to-do-before-i...
All the best!