Anonymous
With regards to the recent article from Seedly on market forecast for 2020?
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Pang Zhe Liang
02 Jan 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
Before you start investing, it will be best to understand your objective. Here are some questions to help you:
What is your capital?
How will you want to invest your capital? E.g. lump sum or an amount on a regular basis
How long will you want to stay invested? E.g. 10 years
What is your risk appetite? E.g. How do you feel about short-term volatility?
What is your objective for investing?
Without a detailed understanding about yourself and how you intend to plan for your future, it will be impossible to give you any sort of responsible suggestion. For instance, some investors prefer Starhub for dividend play. But there exists a question on whether it is a good business to invest into. Furthermore, it will also depend on your investment tenure, e.g. 1 year vs 10 year.
In the market, there are many stocks that you can invest into for income. Now, it depends on how you answer the five questions in an attempt to pick those that suits your profile and needs.
Here is everything about me and what I do best.
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Hi anon, I agree with Pang Zhe Liang that it would be good to understand more about yourself first. For some income stock ideas for 2020, you can check out our article here. Some companies mentioned in there include Micro-Mechanics, NetLink NBN Trust, and VICOM. βββ