facebookHow do I get started with investing? - Seedly

Azman Samsudin

27 Apr 2019

βˆ™

Random

How do I get started with investing?

I am interested in investing. As I am 24 years old and am new to it I would like to know more about it. It is daunting for me, as I do not understand what investment is all about. Please assist me!

Discussion (2)

What are your thoughts?

Learn how to style your text

Depends on what kind of investing.

For investments that don't require large amounts of capital - such as equity investments, read as much as you can about it.

Apart from books, I like to read Berkshire Hathaway's annual reports over the years to understand how they look at being successful in portfolio performance. That said, it's possible to keep reading (and reading) and not action on anything.

Which brings me to my second point.

Form a conviction in a stock, and make a small position in it.

It will:

  1. Accelerate your learning curve - because you are putting skin in the game, you are likely to learn all you can about the stock, even though it's your first time
  2. Because now you have dipped your toes in, the material you read (be it books/annual reports/analyst reports) will be more relevant. You will look for certain data points.
  3. You will also learn the emotional aspect of investing. Monitor how you reach when the stock dips/rises. How often do you check on the price? What is your own investment timeline? All these observations about yourself will help you learn.

For investments that require a higher level of capital eg. property, I definitely will not recommend going into it un-informed, because of the level of capital required + how illiquid it is.

Hope this helps, and hope you get started on your investing journey!

HC Tang

14 Aug 2018

Financial Enthusiast, Budgeting at The Society

Starts here in seedly :

​

1) readup all budgeting and investing plus basic insurance blog post written by seedly admin at

https://blog.seedly.sg/

​

2) From #1you can learn about what is suitable for your situation, how much you have a read the product / service reviews at seedly to find what's suitable for you : https://seedly.sg/reviews

​

That's how I started and there I go for more talks, attend seedly events etc. This will be a very good starting point.

​

Hope it helps πŸ˜„πŸ‘ happy Investing and learning πŸ˜ƒ

Write your thoughts