facebookIs there a step-by-step guide to investing somewhere? - Seedly

Anonymous

05 Nov 2019

Stocks

Is there a step-by-step guide to investing somewhere?

I know the concept of investing, but I don’t know how to get started.

I did go to the investment 101 article by Seedly but I feel like I must have a certain amount of knowledge before I can understand it.

I have my first 10k to invest, I want it to be something I’m able to liquidate if required, and I also don’t have the capacity to watch the stock market every day.

PS I’m already investing into STI ETF every month.

Discussion (15)

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Hi anon, I'm from Seedly and would like to find out how we can better improve the investment 101 articles. May I know which article(s) in particular are you referring to?
I'm wondering if you took a look at this guide too: https://blog.seedly.sg/ultimate-personal-financ...?

Arpita Mukherjee

29 Oct 2019

Community Evangelist at Kristal.AI

Since you are aware of the concept and are ready to build your portfolio, I'd suggest you go for a Robo-advisory platform for unbiased advice. As someone new to investing, you might find this process daunting, which is why it is more beneficial to build your investment portfolio slowly over time, rather than rushing into making a ton of investments quickly. Allow yourself the time and space to grow and learn before diversifying or rebalancing anything. Of course, if the platform you choose tells you to do something specific, you should certainly take that into consideration too!

Here's something more elaborate.

I work at kristal.AI, and my mojo is to help people make the right financial decisions.

If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.

Lean Sing Ding

29 Oct 2019

Client Experience Lead at Endowus

Hi Anon,

Its great that you desire to learn more. Being financial literate is the first step to financial freedom!

Specific to your question of a step by step guide - i would refer you to the excellent blog https://financialhorse.com/guide-to-investing/ At Endowus - part of our mission is to change the financial advisory landscape in Singapore by writing short insightful blog articles that we hope will help investors such as yourself to gain confidence in planning for your financial goals. Do check out our blog at https://endowus.com/insights/. At Endowus believe one does not have to monitor the stock market every day to adequately plan for one's financial future - in fact - there was a 2014 fidelity study that show that "Forgetful Investors perform the best" Have a read at https://www.businessinsider.com/forgetful-inves...

All the best!

Stay Globally Invested, Keep Cost Low and Diversify

Edward Pye

29 Oct 2019

Relationship Manager at Kristal.Ai

Hey hey!
This is definitely great that you want to have a systematic approach to learning how to invest. Fear not! You can refer to our kristal.Ai's blog about investing 101, really simple to read, nothing too technical at all (very basic), yet increasing your financial literacy and it is actually fun to read as well!
Give your situation, you can invest in highly diversified ETF, like VTI where it consists of over 3000+ securities and you can find some of the big names in their top 10 holdings.
Also, do check out kristal.AI wherein you can invest in a few Kristals for 10K completely free of any advisory fee (except ETF fee which ETF providers take). You can even set up a SIP (systematic investment plan) on an ETF like SPY or VTI or VWO.

You can also run the Algorithm to check what that suggests for your profile. Do reach out to our advisors or support team if you need help.

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Eliezer

29 Oct 2019

Content & Community Lead at Syfe

You can download this free investing guide here: https://invest.syfe.com/investing-guide/(https:/...

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