Dennis,
I have already set aside my just-in-case fund. Wish to ask you, if you were to start investing all over again today, what is the amount you would start with? $5k-$10k?
How much would you start investing with?
Moderators: alvin, learner, Dennis Ng
-
wemakebread
- Investing Mentor
- Posts: 297
- Joined: Tue Oct 06, 2009 2:07 pm
- Location: Singapore
Hi Ax,
For me, I would get myself some education first.
Then I will gradually build up my portfolio.
Once I have my "just-in-case" fund and other needs covered, I can allocate a portion of my monthly income to building up portfolio. It will grow month-on-month!
It doesn't really matter whether starting fund is 5k or 10k.
I think what matters is
1) good planning & allocation for finances & expenses
2) knowing what to invest in
Without these 2, even if I start with a million, my wealth will soon dwindle
Just sharing my views
For me, I would get myself some education first.
Then I will gradually build up my portfolio.
Once I have my "just-in-case" fund and other needs covered, I can allocate a portion of my monthly income to building up portfolio. It will grow month-on-month!
It doesn't really matter whether starting fund is 5k or 10k.
I think what matters is
1) good planning & allocation for finances & expenses
2) knowing what to invest in
Without these 2, even if I start with a million, my wealth will soon dwindle
Just sharing my views
personally I would think minimally invest S$5k in one stock. Anything below it is not worthwhile as the commission would eat into the gains.
With 10k, can invest in 2 stocks for some form of diversification.
With 10k, can invest in 2 stocks for some form of diversification.
www.bigfatpurse.com - Living a Life of Abundance
-
dreamslink
- Senior Forum Member
- Posts: 12
- Joined: Mon Jul 26, 2010 4:36 pm
For myself, I start with $5k+ (5-10 lots) in one stock...slowly will increase more, of course can not touch the "just in case" fund. I also want to put some $ in silver/gold saving account with uob bank. Will consider the UK endowment also. start with min. $10k for 5-yrs. Our endowmetn from insurance interest really low - 3% only. 
no choice, cannot cancel it, still have to continue pay for another 20 yrs
no choice, cannot cancel it, still have to continue pay for another 20 yrs -
wemakebread
- Investing Mentor
- Posts: 297
- Joined: Tue Oct 06, 2009 2:07 pm
- Location: Singapore
With 10k, you can start with 5k first
The balance 5k can go in for bargains later if market dips lower
Something like "opportunity fund" concept
Several experienced traders I spoke to share this same approach
My personal preference:
I go for lower priced stocks (about $1 or lower)
Easier to increase or decrease my holding later
Also for me to diversify across a few different stocks
However, I do pay more commission as a result like what Alvin shared
Can also put some money in gold/silver/UK endownment etc
But I consider this as diversification in different asset classes
With this approach you may want to allocate certain % for long term (eg. 3-5 yrs for UK endowment) and certain % for shorter term (eg. 1-2 yrs for stocks)
Do note that Dennis shared that he considers gold/silver as hedge against high inflation and not for capital gain. Like a form of insurance. There are recurring costs involved as well.
The balance 5k can go in for bargains later if market dips lower
Something like "opportunity fund" concept
Several experienced traders I spoke to share this same approach
My personal preference:
I go for lower priced stocks (about $1 or lower)
Easier to increase or decrease my holding later
Also for me to diversify across a few different stocks
However, I do pay more commission as a result like what Alvin shared
Can also put some money in gold/silver/UK endownment etc
But I consider this as diversification in different asset classes
With this approach you may want to allocate certain % for long term (eg. 3-5 yrs for UK endowment) and certain % for shorter term (eg. 1-2 yrs for stocks)
Do note that Dennis shared that he considers gold/silver as hedge against high inflation and not for capital gain. Like a form of insurance. There are recurring costs involved as well.