Recommendations for first time investor / what did you wish you had done differently as a first time investor

Hi all,

I'm 18 this year and looking into investing in stocks/funds. I have about $10k to use for investing and have set aside enough emergency savings. Prefer lump sum but if monthly investing is better, can invest $100 per month

Would like some recommendations and advice on which stocks/funds to buy and also on which brokerage to use and why. Other related recommendations or advices are also appreciated

Discussion (6)

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CTKS

17 Oct 2021

Hi SN, great that you want to start early, i think 18 is the perfect time to do so.

I am currently 19 and started investing last year when I was 18 as well. My biggest regret would be only investing a small sum when the market was much lower compared to today. I did so because i wanted to test the water. If I had a second chance, I would put more money into the S&P500 last year. My ETF of choice would be CSPX, an irish domiciled etf. Check out my opinion article on why i choose this etf over its us counterparts.

If you'd like to see more resources and articles such as my top 5 mistakes, check out my website at thedollarsapling.com or join my telegram channel, links in my bio!

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Shania Loh

17 Oct 2021

Seedly Student Ambassador 2020/21 at Seedly

Hey! It's great that you're having such an early headstart at 18! Kuddos to you! :)

I'd suggest splitting your $10k - $5k into a robo-advisor of your choice (DCA) - I personally use Syfe and AutoWealth and $5k into ETFs or any individual stocks of your choice (please do your due diligence before investing). I'd recommend Tiger Brokers because of its relatively low fees and easy to use interface. You can view its reviews here: https://seedly.sg/reviews/online-brokerages/tig...

https://blog.seedly.sg/tiger-brokers-review

https://blog.seedly.sg/cheapest-brokerage-singa...

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