facebookWhat’s the best way to start investing in stock market? Any materials that I can go through to get me started? - Seedly

Anonymous

30 Nov 2020

Stocks

What’s the best way to start investing in stock market? Any materials that I can go through to get me started?

How to get started investing in the stock market?

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Being in the Seedly community will be able to provide you with lots of investment tips and information and how to start your investment 101:

https://blog.seedly.sg/ultimate-personal-financ...

You can also look at SGX courses or resources, which are very available and free especially during this COVID period:

https://www.sgx.com/beginners-guide-investing

https://www.sgxacademy.com/retail-investors/

Another alternative is to look up at brokerage firms like DBS Vickers, Maybank Kim Eng, UOB Kay Hian, etc, they also provide alot of online courses.

If you are following online financial bloggers, do follow those that are reputable (you may refer to seedly for reviews,etc). Do be wary that there are some who may charge an expensive fee to their courses, which I find for the start, do stick to reputable courses (e.g. SGX), to understand what is financing all about and get yourself to be more financial literate.

It is important to know the different type of investment products available in the market, e.g. Unit Trust, ETF, equities, REIT, bonds, etc. So that you can have a better idea of what kind of strategy and asset proftolio you would like to have. As different stage in life your risk will be different (e.g. in your 20s, can take more risk, in your 30s with housing loans, etc, you may want to focus on stocks that are less risky).

In investment, emotions are the hardest to overcome. So do understand urself well, whether can you take a paper lost of $5k and still slp through the night, or you are someone who will panick to sell when your stocks are not performing.

Lastly, if you are new to investment, do start of small first and probably in more stable Singapore stocks like the banks stocks. And slowly you will explore more from there on.

You could start with robo-advisors first to have a lower entry cost with diversification. Then as you gain more knowledge, you can choose to do your own investments.

Otherwise if you are looking at the local SG stock market, you can do the training for SIPs that SGX has. Which is also a requirement to open a stock trading account in Singapore, if you do not have prior experience or education.

https://onlineeducation.sgx.com/specifiedinvest...

There are also other webinars and courses on the SGX academy site too:

https://www.sgxacademy.com/e-learning/?doing_wp...

For international markets, Google or Youtube will have some help there.

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