facebookWhat is the popular traps people fall into when investing? Any habits or common misconceptions I should keep in mind when investing? - Seedly

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Anonymous

16 Apr 2020

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SeedlyTV

What is the popular traps people fall into when investing? Any habits or common misconceptions I should keep in mind when investing?

I am an undergraduate that is trying to start my portfolio. Anything I should know before going into it?

SeedlyTV S2E02

Discussion (6)

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Value Trap

Yield Trap

Price momentum Trap

Elijah Lee

15 Apr 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Adding on to the rest, I'd suggest you manage your expectations. Investing is a long term journey, and you must mentally prepare to lose everything you have (not that anyone wants it).

Actually, as an undergraduate, you should focus on finishing your studies and securing a job. This provides you with cashflow, which is crucial to ensuring that you will have funds to invest. I'd suggest you take this time to gain some knowledge first and open a trading account to get yourself prepared. Have a warchest and a watch list, and prepare to patiently wait.

Pang Zhe Liang

14 Apr 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

"Whatever goes down will bounce up."

The above statement is completely false yet many people believ...

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