PFF Panel 3
Seedly PFF 2019
Asked on 02 Mar 2019
If i can go back to 20 years old. I would have invest in myself. Getting the right knowledge and skillset in investing. Their earlier you start to invest, the better it is.
Hi there! I started by investing in a traditional high yield savings account, to take advantage of compounding! I personally use both the DBS Multiplier account and POSB SAYE Account. To maximize the interest rates (2.0% p .a.), I deposit a fixed amount every month from the DBS multiplier account to the POSB saye account. I like having a separate savings account because it prevents me from touching the money and let the effect of compounding be maximized!
I'm 22 this year and is an undergraduate in NUS. I'm currently using value investing to compound my wealth in the long term.
I would still pick fundamental analysis to compound my wealth as understanding business is the key before investing in it.
When I was 20 with less capital and more energy, here are the things I invested in:
- My knowledge and connections. I spent as much time as possible getting industry knowledge and forming connections in the industry that I wanted to work in.
- My savings. I was starting from zero, so I made it a point to put aside as much as I can, so that I can benefit from compound interest from an earlier age.
- My health. I focused on health a little later in life, but I wanted to mention this because I feel that it is something that many at 20 ignore.
Lots of books and tons of connections.
In books, you learn the theory and sometimes practical knowledge.
To truly bridge what you've learned and real experiences, you need to have a group of strong investors to network constantly.
I will spend more time investing in myself and list down everything that is expected of me now and in the future. Through the process, it allows me to have a clearly defined goal and reduces the wasted time to find out what I want.
Thereafter, I will spend the rest of my life focussing on what I need to do to achieve each goal.
Here is everything about me and what I do best.
Would have invest in a few selected stocks such as Disney, Nike, Google, MCD. Basically stocks that i know and have great long-term fundamentals. Does not need to be a stock genius to figure that out, and just let the money compound
STI ETF- I would still be relatively new to investing. So if i am forced to plonk money it will be STI ETF which needs littel research and since i am young, i can enjoy the compounding effect of the ETF
When I was 20, I was busy studying in university to meet my scholarship obligations and build my portfolio to help me land a job once I graduated. If I could turn back time to being 20 again, I would still probably be busy with the same, but will put my money in a high yield savings account / Singapore Savings Bonds instead of leaving it in POSB where I earned 0.05% per annum.