Advertisement
Anonymous
How should i invest when i have zero background? Should i buy singtel stock for e.g, at $3.17, or should i use stashaway for a short term 3 - 5 years portfolio. Of cus, i can always have another portfolio. How should i start? Would love to hear your recommendation.
5
Discussion (5)
Learn how to style your text
Reply
Save
Hariz Arthur Maloy
07 Jun 2019
Independent Financial Advisor at Promiseland Independent
If you have zero background in investing, you have to decide first if you're planning to learn a lot and then DIY your investment.
If you're not going to DIY, you can instead purchase a financial product. You can easily set up a portfolio using a Robo Advisor or a Financial Advisor. But still make sure that you know enough to understand and not go in blindly. Please also note that if you don't understand what you're investing in and why, you may make the common mistake of selling low when markets aren't in your favour.
I would suggest that you start building a portfolio that pays some dividends immediately and also a portion of it purely for long term capital gain. As a single with no dependents and liabilities, you have the chance to build financial independence and retire a little bit more everyday until you build enough regular streams of income to replace your need to work.
Reply
Save
I personally started off with picking my own stocks that I had a strong conviction for, and went fro...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
As a start, i would suggest you buy an ETF rather than a stock. Another recommendation is SGREITS which can provide you a dividend income.