Asked by Anonymous
Asked on 24 Oct 2018
Interested to learn from the many shifus here in the Seedly community haha. Learn how to start with my first 10k and what were your considerations or mistakes you felt you made?
I should have the courage to do lump sum investing during the lows in 2018 financial crisis.
If i could turn back time, I would have honestly allocated ALL to BitCoin.
But on a more serious note, perhaps you can consider the following pointers:
1) Risk Appetite
2) Expected Investment Returns
3) Holding Period
If i could turn back time, i would have done more homework before putting my money in certain stocks. Back then, I put money into the 3 Telcos (Singtel, Starhub, M1). Foolish decision, as I should not have put my money into all 3 Telcos in the same industry. Then came the news regarding the 4th Telco. The 3 stock prices dropped and never recovered since. My heart has also not recovered since. Luckily I sold them off before the stock prices got to what it is like today.
Top Contributor (Jun)
If can turn back time, I would not be so scared. That time I was scared to put down 10k into 1 stock.