19-11-2011 07:13 PM | ||
Hermit |
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Then you save some money (which you do not need on a rainy day) and then you invest. |
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18-11-2011 05:16 PM | ||
Unregistered | Never trust your money in any one, all those so call experts out there may not even know more than you. You have a degree, go read up and learn. I learn financial management from books and the internet. Experience is most important, test your methods in actual markets, share and discuss ideas with like minded. Once you get the hang of it, its not that difficult to tell which are good advice and bad advice. | |
18-11-2011 05:08 PM | ||
Unregistered | Thats one of the worse advice ever... | |
18-11-2011 03:51 PM | ||
Mike Jagger |
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That's because investment is more art than science and individuals will have different beliefs, experience, guiding philosophy and strategies in profiting from the market. Anyone who comes to you with straight forward absolute "rules" is either inexperienced in the markets or spouting sound bites that he has no understanding of. Some of the soundbites widely spouted as "truths" include: - risk level is highest for derivaties followed by equities followed by corporate bonds followed by soverigns - XXX instrument is for long term, YYY instrument is for short term - Hang around brokers, bankers etc. for inside info - Buy & hold is the best - Trade with the trend - Trade against the trend - Buy stocks with PER or PBR or any other valuation metric below a threshold - Blue chips are the best - Higher dividend yield is good - XXX technical indicator is the best - Buy this country, but that coutnry, buy this industry, buy that industry etc. - Don't sell during downturn because you are long term investor - Leverage is good - Leverage is bad My only advice to you is this, read up as many different books & articles on the subject as you can. Talk to as many experienced people as you can. Talk to professional advisors if you want, but don't be in a hurry to buy their products. Once you have at least minimal awareness of the different schools of thought out there, put some money you can afford to lose and try out those that seem to appeal to you. Do not hesitate to explore other strategies if your chosen way does not work at first. With luck, you might be able to figure out a fairly consistent investment strategy that is unique to you in less than 10 years. |
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18-11-2011 03:05 PM | ||
larry | Thanks for all the kind advice. One thing if I want to start out, should I go to some financial planner or wealth management company so as to draw up an investor profile or something? I am intrigued by this ETF which I read, its low costs albeit with investment risks and is preferred by investors who are looking it in long-term. | |
17-11-2011 08:01 PM | ||
paymemore |
i'm just like u, armed with an engineering degree. but not too old to start investing. i entered into the finance sector and learnt plenty of stuffs. the only person who can grow your wealth is you yourself. Read up on articles, SGX - Singapore Exchange Ltd is a good place to start. if u want to go for high risk, trade forex and read up forex articles. if you wan to go slow, buy a few unit trust funds and read up about funds. it's ok to pay sch fees, and u will end up learning stuffs tat's never taught in text books. |
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17-11-2011 04:58 PM | ||
Unregistered | With the equities and currency markets in turmoil, and banks paying less than 1% interest per annum for your deposits, where do you get "5-7% returns per annum" besides an HDB resale flat in a mature estate, which's price is sure to go up according to the government. | |
17-11-2011 04:47 PM | ||
Unregistered | Yup. Best is to consult with a "financial consultant". Pay him and he'll give you the best advice ever. | |
17-11-2011 04:29 PM | ||
Unregistered |
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17-11-2011 04:13 PM | ||
Unregistered |
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So many people around me had to pay "school fees" in the learning process.... Simple tip for you: buy some good stocks (e.g. Singtel, Starhub, Sembcorp, Keppel) when their prices are depressed (coming soon!). |
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