Sponsor: Webull (free stock)

Spreadsheet:

ROBOADVISORS
► Endowus (free $20)
► Syfe
► StashAway (50% off fees)
► AutoWealth (free $20) CODE “KelvinLearnsInvesting”
► UOBAM Invest

CRYPTO
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► KuCoin
► Crypto.com app (free $25) CODE “kelvinlearnsinvest”
► Crypto.com exchange CODE “kelvinlearnsinvest”
► Coinhako (20% discount)
►‌ Coinbase (free $10)
►‌ Independent Reserve
►‌ Tokenize Xchange
► Ledger
► Trezor

RESEARCH
► Seeking Alpha (offer price)
► Simply Wall St
► TradingView

PAYMENT
► Trust Bank (free $10) CODE “R2MQBA4S”
► Instarem Amaze CODE “plTefu”
► CardUp ($30 off) CODE “KELINVEST”
► ipaymy
► Revolut
► YouTrip (free $5)
► BigPay (free $5) CODE “QBHVUHL7HU”
► Wise (free transfer)
► SIA Kris+ (free $5) CODE “T425139”
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LIFESTYLE
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0:00 – Intro
0:53 – Why do you need to invest?
2:40 – How does the stock market work?
4:04 – What can you invest in?
9:00 – Can you lose money?
11:15 – Follow these investing rules!
12:33 – ETFs that you can check out
13:14 – Conclusion

*Terms and Conditions apply. For detailed terms and conditions, please refer to our website at Securities (Singapore) Pte. Ltd. (UEN: 202116981M) is a Capital Market Services Licence holder under the Securities and Futures Act 2001, licensed and regulated by the Monetary Authority of Singapore.​​All content presented herein may contain advertisements. No content should be construed as investment advice or recommendation, or an offer or solicitation, to deal in any investment product. All investors should consider for themselves if the investment products are suitable. Investors are advised to seek advice from a professional financial adviser if they are uncertain if the investment products are suitable for them. Past performance of any investment products is not indicative of future performance. The value of the investment products and the income from them may fall as well as rise. Investing in investment products contains risks and investors may lose all their investments.​The content may be translated into other languages. Where such a translation is made, this English version remains definitive. If there are any discrepancies between the English version and any version of the content in another language, the English version shall prevail.​This advertisement has not been reviewed by the Monetary Authority of Singapore.​*…(read more)

LEARN ABOUT: Investing During Inflation

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Investing can seem like a daunting task for beginners, but with the right knowledge and guidance, it can be an effective way to grow your money and secure your financial future. Whether you’re looking to build a nest egg for retirement or just want to see your savings grow, there are a few key principles and strategies that can help you get started on the path to successful investing in 2024.

Set Your Financial Goals

Before diving into the world of investing, it’s important to have a clear understanding of your financial goals. Are you investing for retirement, a down payment on a house, or simply to grow your wealth? Understanding your financial objectives will help you determine the best investment strategy for your needs.

Develop a Budget and Emergency Fund

Before investing, it’s essential to have a solid financial foundation. This includes creating a budget to track your income and expenses and building an emergency fund to cover unexpected expenses. By having a budget and emergency fund in place, you’ll be better positioned to handle any financial setbacks that may occur while investing.

Educate Yourself

One of the most important steps in becoming a successful investor is to educate yourself about the different investment options available to you. Start by learning about the various asset classes, such as stocks, bonds, and real estate, as well as the different investment vehicles, like mutual funds, exchange-traded funds (ETFs), and retirement accounts. Understanding the risks and potential returns of each investment option will help you make informed decisions about where to put your money.

Diversify Your Investments

Diversification is a key principle of investing that can help protect your portfolio from market volatility. By spreading your investments across different asset classes and sectors, you can reduce the risk of significant losses if one particular investment performs poorly. Diversification can also help you capture the upside potential of different market segments, leading to more stable and consistent returns over time.

Start with Low-Cost, Passive Investments

For beginners, it’s often best to start with low-cost, passive investments, such as index funds and ETFs. These investment options offer broad diversification and typically have lower fees compared to actively managed funds. By investing in low-cost, passive investments, you can keep more of your returns and benefit from the long-term growth of the overall market.

Seek Professional Advice

If you’re unsure about how to get started with investing, consider seeking professional advice from a financial advisor. A qualified advisor can help you create a personalized investment plan based on your financial goals and risk tolerance. They can also provide valuable insights and guidance on how to navigate the complexities of the financial markets.

Stay Informed and Patient

Investing is a long-term endeavor that requires patience and discipline. It’s important to stay informed about the market and economic trends, but it’s equally important to avoid making impulsive investment decisions based on short-term market fluctuations. By staying informed and patient, you can stay the course and reap the rewards of investing over time.

In conclusion, investing can be a powerful tool for building wealth and achieving your financial goals. By following these principles and strategies, beginners can set themselves up for success in the world of investing in 2024 and beyond. Remember to educate yourself, diversify your investments, and seek professional advice when needed. With the right approach, investing can be a rewarding and fulfilling journey towards financial security.