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Jasper Taxton

08 Jun 2021

โˆ™

Insurance

What is the best plan to make investments?

I want to invest but I am a beginner and want to learn the best way to invest.

Discussion (17)

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Well done in taking the first step into the investing world. You can first by DCA in regular savings plan into our local sti etf. The STI etf is made up of 30 biggest companies in Singapore so the names are all familiar names. in the meantime, you can read up on books about investing and research online to improve your knowledge.

Andy Sim

06 Mar 2020

HR Professional at a Financial Institution

Hi Jasper, the best and fastest way is to invest in yourself first.

Read more on investment articles from reputable financial blogs such a The Fifth Person, Financial Horse, Investment Moats etc. and familiarise yourself with the different investment methods and tools and choose the one that best suits your needs.

You can also have a crash course or a fast track
to understanding investments by signing up for an investment course. But do be careful of the overhyped and unrealistic promises of some courses. The more reputable ones are Dr Wealth and Fifth Person. SGX also offers free/affordable basic lessons for beginners :)

Some ideas I compiled You can read here, but always think for Yourself:

https://seedly.sg/questions/what-is-your-genera...

some hints:

-avoid buying mutual funds / unit trusts (longterm underperformers, very high fees mostly)

-invest ultra-longterm (Buy & Hold)

-by reading books or on the internet You will find a lot of perspectives, also contradictory ones, so experiment a bit, try to avoid to be subjected to biased information, the finance industry is not a wellness resort. And nobody knows the complete truth or about the future, markets evolve, companies rise and decline, as does everythingโ€‹โ€‹โ€‹

1) Investing in the S&P 500

2) If you want to buy individual stocks, get educated

3) Open a brokerage account to execute steps 1&2

Shirly

07 Dec 2019

Manager at Icon Group

The best plan is get educated with investment knowledge first....

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