where to invest money?
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Hi, im looking for a place where i can invest money in. What are the possible options for me if i were to save a few hundred a month, and if im under 18? thx
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hoping for some replies. thx
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I am also under 18, and many times when I ask about investment on this money forum, people tell me to just put my cash in fixed deposit lol.
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A few hundred a month doesn't do anything.
You need a strong base and sufficient buffer, without which, don't even think about putting your monies anywhere besides fixed deposits.
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play small small lor...............go Oanda.com or the S'pore office and open FX a/c in Singdollar to be safe.......
Oanda let you buy just 1 unit of currencies so can play very very small..........you can keep averaging down when you're wrong without need to panic
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Put fixed currency deposit eg. AUD and NZD. Good interest rates. Better than SGD.
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open trading a/c in SGD is safer .............no fluctuation of currencies..........
fixed deposits of course in AUD better lah..............got banks offer fixed deposits in Turkish Lira ??
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Originally posted by Asromanista2001:
open trading a/c in SGD is safer .............no fluctuation of currencies..........
fixed deposits of course in AUD better lah..............got banks offer fixed deposits in Turkish Lira ??
Not that I heard of....
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Actually a few hundred a month is not much....investments usually need more capital....
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If a few hundreds saving a month, the best investment is "gamble" in our SG casinos...nothing else u can do....all other investments all need much more capital....Since u are under 18, i think gamble with frens at home....u can't enter casinos yet, right?
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So young and you're thinking about investing? You will have a great future man! :)
My advise is do not rush into investment. Take your time, research on financial instruments that appeals to you and suits your personality.
Some forex traders likes the votality more than some stock traders.
Others prefer low yield growth plan which I don't get why.
So, it really depends on you. The web has tons of information on investing.
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there's no such thing as investing !
this term was invented by bankers to make people feel they'll profit for sure..............
it's just betting...................
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Originally posted by Asromanista2001:
there's no such thing as investing !
this term was invented by bankers to make people feel they'll profit for sure..............
it's just betting...................
I believe STI is undergoing a correction, but at the next bull rally, I'll be slowly pulling out my funds. I didn't earn much in term of ROE because I started out new not knowing anything, and only with a paltry $30k in bank at Nov 2008 as a fresh grad. Made a lot of mistakes. But the lessons I have gleamed and understood is priceless. The cost: mostly earnings that could have been made.
I'm moving on to the next stage of investment. Paper assets are going to be a thing of the past; ROE is too low
Does anyone really think achieving 10% ROE, even if it is consistent for 20 years, is high? But there's no need for anyone to believe in investing because if it is considered betting, life is a bet in itself.
Some things, you just have to understand it yourself, because you won't be able to read it anywhere. Not many will share what they understood, or even if they do share, you would probably not understand or believe anyway, or even if u do, it would probably not fit you because there's never a one-size fit all. That is what make each and everyone of us unique.
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Originally posted by Asromanista2001:
there's no such thing as investing !
this term was invented by bankers to make people feel they'll profit for sure..............
it's just betting...................
Well, whatever term you put it.
Ya, bankers states, confirm earn money. But they let you earn peanuts. 4% per annum?
This "betting" requires skills to be successful.
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Originally posted by eagle:
I believe STI is undergoing a correction, but at the next bull rally, I'll be slowly pulling out my funds. I didn't earn much in term of ROE because I started out new not knowing anything, and only with a paltry $30k in bank at Nov 2008 as a fresh grad. Made a lot of mistakes. But the lessons I have gleamed and understood is priceless. The cost: mostly earnings that could have been made.
I'm moving on to the next stage of investment. Paper assets are going to be a thing of the past; ROE is too low
Does anyone really think achieving 10%
ROE, even if it is consistent for 20 years, is high? But there's no need for anyone to believe in investing because if it is considered betting, life is a bet in itself.
Some things, you just have to understand it yourself, because you won't be able to read it anywhere. Not many will share what they understood, or even if they do share, you would probably not understand or believe anyway, or even if u do, it would probably not fit you because there's never a one-size fit all. That is what make each and everyone of us unique.
Instead of disregarding paper assets, well not just allow them to remain in your portfolio? 5 to 20% a month isn't that bad. If it's consistent, you already beat the market.
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Originally posted by Great Heavens!:
Instead of disregarding paper assets, well not just allow them to remain in your portfolio? 5 to 20% a month isn't that bad. If it's consistent, you already beat the market.
It will definitely remain a part of my portfolio, but it's percentage and importance would eventually not be as high as currently, which is very high. There are many things that could be done with other asset classes that paper assets can't.
Example: It's a irony that banks find it ok to lend money to people to invest in a property while at the same time find it risky to lend money to people to invest in paper assets. Yet the banks are the one who are advising people how to buy stocks
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Originally posted by eagle:
It will definitely remain a part of my portfolio, but it's percentage and importance would eventually not be as high as currently, which is very high. There are many things that could be done with other asset classes that paper assets can't.
Example: It's a irony that banks find it ok to lend money to people to invest in a property while at the same time find it risky to lend money to people to invest in paper assets. Yet the banks are the one who are advising people how to buy stocks
You're right. If you can trade it right, I don't see why you can't acheive high returns in PA. Just saying. We should all have different asset classes invested in.
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No, I don't really do lots of trades at all. I hold for quite long.
Nowadays I buy based on fundamentals and market cycles. If you spend too much time, you get diminishing returns on your time. Then it isn't worth it.
Learning how to read financial statements in fundamental investing is good if one is planning to move into business in the future.
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The $ TS have is too little to make a real difference....
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Anyone entered last few days? I went into Sinktel 2 days ago at $2.89...
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invest in blue chips and hold for dividends.