Anonymous
How should I begin my investment journey? I currently have $63k in savings, 22 y/o here.?
Profile: 22 years old NSF with 4 months left and have $63k savings. How should I begin my investment journey? Created an account with Interactive Brokers but it looks scary?
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Congratz, you can consider buying etf if you are still not comortable to select stocks. Since you also have a sizeable capital, you can consider to do DCA if you dont know if the entry price is attractive or not. Also do read up more to figure out your investment philosophy so that you will not be put off by the daily price movement.
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To reduce your fear, get someone to mentor you! :)
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Kudos for having such saving at 22!
Begin your journey with reading some investment books, go for courses to express your journey.
Identify your own risk appetite so you know what kind of investment ia suitable for you.
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It is very commendable to accumulate 60k in savings at such a young age.
That's said for beginner, ...
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I started in this sequence:
Read up > P2P lending(funding societies) & robo-investment (StashAway) > monthly investment via OCBC BCIP & unit trust> individual stock investing
So far, after about 2y, i think I will be doing StashAway and individual stock investment(mainly blue chips).
I guess you need to start somewhere and follow up to see which way you want to invest in. (I used investing note to follow the stock, spreadsheet to track other form of investment)