facebook[Top 3] What are the top three stocks you would recommend for a first-time investor to look into? - Seedly

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Anonymous

21 Jun 2021

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Adulting

[Top 3] What are the top three stocks you would recommend for a first-time investor to look into?

Hi everyone I am a fresh grad (no debt, enough emergency savings) looking to buy my very first stock. I already have some money in Stashaway but would like to start doing individual stock picking. Which companies would you recommend I look into? Thank you!

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I usually look for stocks with solid fundamentals and good growth prospect. Stable companies such as APPL, FB, GOOGLE.

Hi Anon,

I highly recommend you to do a complete profile of yourself first. Only when you truly understand your risk tolerance and investment horizons then can you make any decisions to risk your hard earned capital. Not many folks understand themselves well enough and that is why most folks buy and sell at the absolutely worst time.

For Singapore markets, I only invest in highly profitable growth companies selling at huge discounts. For intraday and swing tradings, I only do with US derivatives such as options and futures and only on highly liquid instruments. For digital assets, I only buy when the crypto market is in what is known as "crypto winters". You can turbo charge crypto returns using leverage but I do not recommend this unless you get really good at tape readinga. If you don't understand what I mean, it's okay. It takes a lot of tution fees to learn this. Folks who are buying cryptos and Coinbase today is really gambling without clear understanding that these are really volatile assets. When you up your skill level to understand volatility one day, you will thank me for saving your capital. The market only reward the patient and those who really understand pricing and valuations. When you are in advanced stages, you may consider buying Pre-IPO shares of exceptionally high quality private companies via SPACS. You can get insanely high returns holding on to cheap shares and selling out warrants (think Snowflake and Uber).

Other assets I recommend includes real estates (not properties!) and fine arts. Real estates are land with or without something on it while properties are assets that pay you cashflow. You derive capital gains on land while rental income to offset mortgage repayments while waiting out. You can do this when you have more disposable income but trust me, these are great investments vehicles.

Meanwhile, invest plenty of time and money in yourself to really learn from expert investors and traders. Save as much money as you can in an investment bank account and use these funds only for these education and capital to fund a live account. Learn the secrets of various valuations for investing advantages and for successGul trading, the art of tape reading. When I was young, I saved as much as 70% of my monthly income and the rest I give to my parents as allowance and pay for my simple living expenses. This is the most crucial part that I firmly believe that has made a big difference in my finances.

Hope my 2 cents can be very helpful!

Sincerely,

SG100

Dbs

ocbc

sgx

are the good stocks to start

It's a great idea to get your feet wet - buying your first stock makes you not just financially inve...

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