facebookHi. I have no idea at all about investing. But I heard you can make money by investing. Is investing a better start for non knowledgeable to savings? And if I'm keen to invest, how do I start? - Seedly

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Anonymous

28 Oct 2021

General Investing

Hi. I have no idea at all about investing. But I heard you can make money by investing. Is investing a better start for non knowledgeable to savings? And if I'm keen to invest, how do I start?

What and how to do it? How do i monitor the investment and how do i start?

Discussion (9)

What are your thoughts?

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You have to first determine how much money you are willing to lose without crying or feeling bad about it, then just go ahead and do it.

Action is your best teacher.

Start with the concepts and idea of investing, figuring out which markets suit your risk appetite etc. Assuming you have some background in economics and finance (if not go read up), do a deep dive into the current economic situation and how you can position yourself in the market. Figuring Platforms can be done at the end stage. Lastly, no day trading or options or leverage for newbies please! Best of luck!!

No idea or non knowledgeable about investing.

Step 1: read up first. There are lots of info online.

Step 2: still do step 1.

You need to understand alittle no matter what investment assets you eventually choose to invest in.

I self-learn to invest as well.

Robin

08 Nov 2021

Administrator at SG

Yes I agree with YJ. Slow and steady long term is the best.

You can start with 2 ETFs. 1 USA based such as SNP500 and 1 China based such as KWEB.

In the long term, one of them will triump over another. Just need to have faith that none will collapse or go to war. If not it will just be uptrend.

Hi anon, kudos for wanting to start investing! While it may be tempting to dive right in, I'd recomm...

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