Asked by Anonymous
I am keen to start investing. Where do you recommend i go to learn on investing.
Hi there! The answers given by the others are good and comprehensive
But I would perhaps like to stress a point that the others might not have stressed yet, and that is, the learning of the fundamentals of any investment product. Yes, it is important to understand how REITs, bonds, and FX trading operates, but ultimately, it would be very helpful to understand what underlying factors affect the investment product you are looking at. Is it central bank interest rates? Is it a company’s earnings? Is it the trade war between US and China?
Understanding how the investment products are affected by their fundamentals finally helps you to understand what kind of investment decisions to make, such as buying and selling, and how long to hold the products. Investment products, though are represented by numbers, are finally affected by real world events and happenings, and trying to understand what factors influence them is crucial. This also helps you to guard against panic buying and selling, and cautions you on being influenced by the herd mentality (“im going to buy this share because everyone seems to be buying it”)
Such a learning task may seem daunting at first, but there are plenty of resources online, such as the website Investopedia, which offers some interesting insights into different asset classes. Perhaps focus on learning one asset class at a time, instead of rushing and feeling overwhelmed. Going head first and just buying and selling without much thinking is more akin to gambling than investing!
reduce debt before investing. during this time, go to the library to borrow some books to read. if interest in to stocks/etf/real estate etc, find related books. get some basic knowledge first to prevent being scammed. too many people want to take your money out there.
Start with your Home, then think about Investing.
If got limited fund, go for the two cherries as fast as possible.
If fund is not a problem, salary allow, go private property instead of HDB.
Land cost increase 100% in 7 years from 2010 to 2017 if you can have a return that much you should consider otherwise get in the Boat.
Still don't understand pm me.
Hello! Not an expert here, but from my time in the community, I do often hear a few things:
WHy I'm covering something so basic, is because many who want to start investing don't think of this step before jumping in. Not only does this help to ensure you have food on the table for the next few months at least, it also helps you with your investing mindset- imagine if you don't have money beyond your investment, the way you react to things will be much more emotionally driven.
Many here recommend at least 6 months of your monthly expenses
Depending on what you are going for, it will determine what instruments you use (bonds, REITs, etc) and what method to do the investment (DCA, one-time)
But the idea is to diversify and spread your risk throughout your portfolio.
If you want to find out more, you can read the many articles on Seedly blog!
First of all Good Luck for your investment journey.
Starting an investment journey is can be overwhelming but you have to think smartly.
I can tell you about my experience what I did when I started my journey.
First clear your fundamental by learning blogs, article, and books on investment.
There are many investment ideas, for example, you can invest in Stocks, ETFs, REITs, FOREX, COMEX, Mutual Fund.
If you know already about its good.
If you don't, let me know I will you complete guide about them.
2nd Find your risk tolerance capability.
Do not just dive into the sea of stock trading.
3rd Open a stockbroking account or an investment account to make the trade.
4th You can start trading or invest with the small amount. In stocks, you can choose penny stocks to invest.
If you have no knowledge you can use advisory firms for help.
I use Multi Management Future Solution. They provide me with regular updates on Singapore stock exchange with the updated stock signal.
There are more on the internet. You can try them by using the free trial.
5th Know your financial objectives.
Make a plan and stick to it. Do not deviate from your financial target.
I hope I could help.
I'd say understanding yourself and how you handle money is a good first step on the investment journey. Can you take a paper loss in your account, or are you the type who can see red without batting an eyelid. This will allow you to determine your risk profile type and the type of investment instruments that are suitable for you. For self help, you can read up on books like the intelligent investor, millionaire teacher or money: master the game. Or if you are inclined, pay to learn from a mentor via an investment workshop. This may potentially allow access to an established investment system which you can then use. In general, if you want to start small on your own , you can use platforms like posb's invest saver programme or maybank ke's monthly investment plan to start investing with $100 per month into the STI Etf or a bond fund or into a list of individual stocks. Robo advisories like smartly or stashaway will also allow small investments. Hope this helps