facebookWhat are the basic things that I should know about investing before I start investing ? - Seedly

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Anonymous

18 Apr 2019

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General Investing

What are the basic things that I should know about investing before I start investing ?

Discussion (6)

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  1. Have you set aside enough money for emergency funds?
  1. Do you have the patience enough to wait average of 10 years before you can start collecting your the returns? Investment is a long term commitments
  1. Do you want to manage your investment on your own or you want someone to manage for you? U can buy stocks market if you want to manage on your own or investments from insurance company who has fund managers to keep it watch for you.
  1. If you want to get insurance coverage, purchase investment-liked policies. If you have a lot of time, you can opt to buy shares or stocks.

Investment is the key to fight against inflation. Don't think about it and just invest portion of your money! In twenty years time, what you have now will be half of its value if you leave it at your bank. Start investing as early as you can...

  1. Before you start investing, make sure you have an emergency fund set aside, and make sure you have insurance.
  1. Read more investment related stuff to learn more. If you can, go for investment courses (check their reviews before applying. some may be a scam).
  1. Manage your emotions. Don't let your emotions control your decisions on when to buy/sell.
  1. Have a plan. How long is your investment horizon? How much are you willing to lose? How should you allocate your portfolio?
  1. Read Seedly for some tips regarding investments. Seedly has a lot of blog posts teaching us some basic tips.

Andrew Fong

22 Mar 2019

Associate Partner at St. James's Place Wealth Management

1) Trying to time the market is next to impossible

2) Set aside emotions/sentimental feelings

3) R...

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