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Hong Chew Eu

Non Executive Director at i-Bhd

20 Jul 2023

General Investing

Which is the best app for someone who doesn’t know anything about investing?

There are 2 aspects of investing
• Which stocks
• Executing the transaction

There is of course a number of related questions to the first aspect eg how much to buy, when to buy, how to mitigate risk.

No app is able to help you answer these questions properly. To do so, you need to learn how to invest.

Once you have learned how to invest, then comes the execution part. This is when you look for the appropriate app.

There are several investing styles eg technical, fundamental, quant, etc Most apps are good for one particular style.

Asking which app when you don’t know anything about investing is like asking which calculator to buy to enable you to be a good mathematician. There is no calculator that can teach you how to translate a problem into a mathematical equation. Of course, once you have this, then a calculator is useful.

So don’t put the cart before the horse. Learn how to invest first and then looking for the appropriate app is the simplest.

Discussion (9)

What are your thoughts?

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Moomoo, tigers, webull. Usually brokerages will have good concise information.

Javier Tan Yan Kai

27 Jul 2023

Actuarial Analyst at AIA

Try to execute a trade

Syfe and Endowus have a lot of guides for newbies

View 1 replies

Hong Chew Eu

22 Jul 2023

Non Executive Director at i-Bhd

Investing is a craft. You don't learn investing by just reading article, etc. It is like cooking. You can read the recipe but to make a great dish you have to cook it. Of course once you are a good investor, reading articles can provide insights. So it doesn't manner whether it is Moomoo or some other platforms. Their may aim is to get you to use the platforms. The goal is not to teach you investing

Syfe trade for 2 free US trades per month....

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