facebookWhat got you interested in investing and at what age did you start putting in more time and effort into it? - Seedly

Anonymous

01 Jun 2020

SeedlyTV

What got you interested in investing and at what age did you start putting in more time and effort into it?

I'm a fresh graduate and I'm considering if I should I go straight into full-time investing on my own

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Matthew Tan

01 Jun 2020

Undergraduate at NTU

I first started with forex when I was 18 as my intern supervisor was doing it and shared his knowledge about it. It was a small capital but I eventually got whipsawed and decided to cut loss.

After coming across the cashflow quadrant by Robert Kiyosaki, I went on to find out more about long term investing and passive income. The idea of letting assets generate cash flow got me interested and the thought of owning businesses (even though a tiny amount lol) was exciting. Since then, I've allocated a small portion of my monthly NS allowance to DCA into sti etf and robo advisors. Im still learning the ropes by reading books and looking around Seedly forum to eventually do my own DIY investing.

I recommend putting your existing capital into a high interest savings account first to let compounding do its thing. Then, continue looking through the Seedly forum and Seedly articles as well. I believe this article can give you more clarity. All the best!

https://blog.seedly.sg/ultimate-personal-financ...

Hi! i started investing at about 18. i used the long break after my A levels to read up and learn more through platforms like seedly, the dollar sense etc...

my first step was to transfer my funds from my 0.05% p.a. interest POSB kids account to stanchart's jumpstart account that generates 2% interest pa.

my second step was to invest in REITs with the use of a roboadvisor (SYFE). this is a good choice for students like me who do not have an income as we can just pump in the funds whenever we are able to/use dollar cost averaging ($100/mth)

i'm planning to invest more after i graduate, as i would have a steady income then.

hope this helped!

I started being interested investment for one reason: to grow my money. Coming from a not so well to do family, I know that I have to work extra hard to get out of the poverty cycle.

Regarding your qn on whether or not you should go full time investing, I would suggest to build your career first. For investments, you will need an sizeable capital to get a significant sum of gain. Unless you are thinking of doing full-time trading, which you will need to understand a lot on technical analysis and etc. :)

Hi anon, I got interested after reading "Rich Dad, Poor Dad" when I was in National Service.

After that, I tried trading forex but it didn't make sense to me and I lost substantial money.
One or two years later, I switched to investing after learning about the Warren Buffett way of investing. It made a lot of sense to me compared to trading.

All the best in your investments!

Pang Zhe Liang

14 Apr 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

As soon as it becomes legal for my age to do so. To get out of poverty.

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