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How To Get Started Invest Money, Investing for Beginners 2020

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How To Get Started Invest Money, Investing for Beginners 2020 - Blogs serve as a space to discuss topics about the industry. More importantly, they also give us key insights and opinions which we might not have the knowledge to develop that ultimately helps shape the world of the stock market. Read How to Save Money on Car Auto Insurance For 2020

If you want a shot at becoming wealthy, you need to do more than simply earn money.


You may be thinking to yourself – this is not the time to talk about investing.

You’re panicking about your job, that argument with your best friend, your cat behaving even more weirdly than usual – and don’t even get me started on your love life.

But really, there’s NO GOOD time to talk about investing. Ultimately, you have to be disciplined enough to hold onto the money you earn – to then take the next step in learning how to make your money grow.

And the best way to grow your money is by learning how to invest.

It’s as simple as that.

When you become an investor, you’ll be using your money to acquire things that offer the potential for profitable returns through one or more of the following:
  • Interest and dividends from savings or dividend-paying stocks and bonds
  • Cash flow from businesses or real estate
  • Appreciation of value from a stock portfolio, real estate, or other assets

As you learn to become an investor, you will begin to devote your limited resources to the things with the largest potential for returns. That may be paying down debt, going back to school, or fixing up a two-family house.

Of course, it may also mean buying stocks and bonds, or at least mutual funds or exchange-traded funds.

Thanks to advances in technology, you can start to invest with as little as $5 a month and a smartphone. It’s our job to help you filter out the noise, learn the basics, and make good investment decisions from the start.

With no fees on accounts with low balances and easy automatic investing, Wealthfront is our top pick for the best all-around investment account. If you want to learn more about them, read our Wealthfront review.

Get started investing as early as possible For 2020

How To Get Started Invest Money, Investing for Beginners 2020
Investing when you’re young is one of the best ways to see solid returns on your money. That’s thanks to compound interest, which means your investment returns start earning their own return. Compound interest allows your account balance to snowball over time. Read Surveys for money (free PayPal cash) in 2020

Compound interest allows your account balance to snowball over time.

How that works, in practice: Let’s say you invest $200 every month for 10 years and earn a 6% average annual return. At the end of the 10-year period, you’ll have $33,300. Of that amount, $24,200 is money you’ve contributed — those $200 monthly contributions — and $9,100 is interest you’ve earned on your investment.

There will be ups and downs in the stock market, of course, but investing young means you have decades to ride them out — and decades for your money to grow. Start now, even if you have to start small.

Decide how much to invest

How much you should invest depends on your investment goal and when you need to reach it.

One common investment goal is retirement. If you have a retirement account at work, like a 401(k), and it offers matching dollars, your first investing milestone is easy: Contribute at least enough to that account to earn the full match. That’s free money, and you don’t want to miss out on it.

As a general rule of thumb, you want to aim to invest a total of 10% to 15% of your income each year for retirement — your employer match counts toward that goal. That might sound unrealistic now, but you can work your way up to it over time. (Calculate a more specific retirement goal with our retirement calculator.)

For other investing goals, consider your time horizon and the amount you need, then work backwards to break that amount down into monthly or weekly investments.
Open an investment account

If you don’t have a 401(k), you can invest for retirement in an individual retirement account, like a traditional or Roth IRA.

If you’re investing for another goal, you likely want to avoid retirement accounts — which are designed to be used for retirement, and thus have restrictions about when and how you can take your money back out — and choose a taxable brokerage account. You can remove money from a taxable brokerage account at any time.

A common misconception is that you need a lot of money to open an investment account or get started investing. That’s simply not true. (We even have a guide for how to invest $500.) Many online brokers, which offer both IRAs and regular brokerage investment accounts, require no minimum investment to open an account, and there are plenty of investments available for relatively small amounts (we’ll detail them next).

9 Singapore Investment Blogs to Follow in 2020

In Singapore, where the financial environment is very much alive and well, blogs are one of the best places to learn about investing.

Over here is the 10 Singapore investment blogs we think you should follow.

1. The Motley Fool (SG)

If you have been around for some time in the financial business, then you must have stumbled upon The Motley Fool.
This international company offers multimedia financial-services in topics such as stock, investing, and even personal finance.
Founded in July 1993 by brothers David and Tom Gardner in Alexandria, Virginia, The Motley Fool now reaches a number of people worldwide through the following business outlets:
  • Investment advice – This is accessible through their wide range of stock news and analysis at their free website, www.fool.com, as well as their paid investment advice services.
  • Media – Aside from their website and blog, The Motley Fool also runs a radio show with four other podcasts
  • Mutual Funds – The Motley Fool furthers their reach with their mutual funds for investors.
Since its establishment, The Motley Fool now has UK, Australia, Canada, and Singapore websites to cater to more specific needs of each of these countries’ stock market.

2. A Path to Forever Financial Freedom

A Path to Forever Financial Freedom is a personal blog managed by Brian Halim. His entire blog keeps track of his: “pursue of financial independence by the age of 35.”
By this, he means to have a passive income that would cover 1.5x of his expenses.
Brian Halim is a financial controller in a logistic industry with 9 years worth of experience.
Now at 32, Halim only has 3 years left to reach his goal. In a latest article about him written in the Straits Times, it is stated that Halim is on track.
His personal blog chronicles not only his own personal journey towards his goal but also other personal finance and investing related matters.
He has written over 650 articles so far since the beginning of his blog in 2011.
For investors, the blog is a great source of inspiration since it also advocates financial literacy. His blog completely shows his journey with the following features:
  • Recent Transactions
  • Personal Portfolio
  • Milestones
  • Books Trending
  • Travelogue
  • Media Featured

3. Fifth Person

The Fifth Person is a website founded by a group of equity investors who have made a name not only by being investors but also for their writing. They are Victor Chng, Rusmin Ang, and Adam Wong.
In the website, their mission is to spread a message that helps millions of people around the world achieve financial security, freedom, and lead better lives through investment knowledge, financial literacy and intelligent money habits.
Staying true to that, the website features daily articles about investments, stock markets, and more. There are also case studies and stock analysis that provides a wider financial viewpoint.
Furthermore, The Fifth Person also shows their investments. Some of their successful ones include:
  • Japan Food – 176% in three years
  • BreadTalk – 217.3% in five years
  • Yahoo – 106% in two years
  • Tracker Fund of Hong Kong – 25% in two years
  • Apple – 78% in 1.5 years
  • Netflix – 210% in one year
  • Premier Marketing – 74% in two years
For a much deeper understanding, they also offer online investment memberships with Alpha LabThe Investment QuadrantDividend Machines, and Deep Value Detector.

4. SG Budget Babe

Like A Path to Forever Financial FreedomSG Budget Babe is also a personal blog that documents the journey of Dawn (aka Budget Babe) to achieve financial freedom. Also she has recently started her patreon account where you can share your support!
Budget Babe works as a freelance public relations consultant and a tutor for General Paper and English. Her blog is not a full-time job although she has since been writing for 60,000 audiences.
However, unlike Halim, Budget Babe aims to reach her goal before the age of 45. She does this through her cost-effective ways amidst Singapore’s rising costs.
On her site, you’ll find together with her personal accounts on her journey the following:
  • Issues about the rising living costs
  • Personal Finance
  • Investing
  • Career development
  • School
  • Beauty and Lifestyle trends
All of the above comes with a financial touch. You’ll see them under these headings in her blog:
  • Savings
  • CPF Hacks
  • Insurance
  • Investments
  • Bitcoins
  • Resources
  • Guide
  • Budget Weddings
You can also ask to collaborate with her. Since the beginning of her blog, SG Budget Babe has received awards such as “Top 60 Budget Blogs” and “Top 75 Singapore Investment Blogs”.

5. Dollars and Sense

DollarsAndSense is a Singaporean digital publisher that aims to help people make better financial decisions. This business and economy website does this by featuring articles on topics about:
  • Savings
  • Insurance
  • Investing
  • Trading
  • Property
  • Policies and Columns
Through these, they show the importance of financial literacy among Singaporeans. They believe that the fast growing industry of Singapore has produced a number of financial institutions that leave Singaporeans confused and behind.
In their attempt to solve this, DollarsAndSense has converted the financial matters, issues, and information into “bite-sized, interesting, and enjoyable manner”.
They especially achieve this through the group of young Singaporeans in their mid-20s working behind the website.
DollarsAndSense is perfect for those Singaporeans who are still new to the financial industry.
They try to make all the complicated financial concepts and technical jargon understandable for people who are not familiar with it.

6. Seedly

Seedly is probably more known as an app that helps track finances. However, not only is Seedly an app, it also has a blog.
To fully perform their function as an application, they would have to prove their expertise on handling finances through their articles.
Rightly so, as their articles cover a range of topics that could help improve a person’s financial literacy.
With their application coupled with the blog, they are able to achieve their aim. Their mission and vision states:
quote-left
“At Seedly, we believe that anyone can achieve financial freedom with the right tools and the right mindset. We aim to become a modern and relevant way to manage your money by leveraging the latest technology.”
The Seedly blog has the following features:
  • Comparison (Financial Products and Lifestyle Products)
  • Lifestyle
  • Savings
  • BTO and Housing
  • Insurance
  • Investing
  • Policies and Opinion

7. A Singaporean Stocks Investor

A Singaporean Stocks Investor is a renowned blog with a huge following. It is managed by AK who shares his philosophy and investment journey through his blog.
To begin, the blog has the following parts featuring different financial aspects and tips:
  • Go Shopping with AK – This article talks how to save money with low prices
  • Tea Talk with AK – This part is composed of articles that are shown in a way like a tea time, which consists of short talks about different topics under the sun
Furthermore, what makes AK’s blog more interesting is that it has columns that cater for specific types of people and categories within the financial industry such as:
  • Reads for Undergrads and Fresh Grads
  • Wealth Creation
○ Earn and Save ○ CPF and SRS ○ Investing in Real Estate
  • Fundamental Analysis
The blog also has personal accounts by AK himself under:
  • Food for Thought
  • Passive Income: A Journey – This shows AK’s journey to financial freedom
  • My Methods and Philosophy
  • Wisdom to Tap On
Finally, if you want to learn more about other bloggers, AK also features guest bloggers on his blog.

8. Investment Moats

Investment Moats is another blog that gives helpful information about the financial industry. It is set up and run by Kyith Ng since its establishment in 2005.
Kyith Ng is a software and system support specialist by day and an active blogger by night.
He holds a degree in Computer Science from the National University of Singapore and is certified at many levels in systems and software competency.
Through his blog, Kyith Ng aims to share his experiences with the financial world—from making sense of money in the beginning, to his eventual growth and familiarization with it.
He blogs about the following main topics:
  • Growing and Managing Wealth
  • Financial Security and Financial Independence
  • Money Management in Investing
  • Identifying Good and Bad Businesses
  • Dividend Income Investing
  • Long Term Market Trends
  • Technical Analysis
  • International Investing and Money

9. Got Money, Got Honey!

Another personal finance blog is Got Money, Got Honey. Run by a non-professional who shares his point of view on the various financial situations as a retail investor.
He wrote that the aim for this blog is to journal down his thoughts on personal financial issues. He is currently 27 years old and has been writing for over 4 years.
And if you are asking who is behind this, unfortunately he only goes by GMGH on the internet.
But even with the anonymity, you can be assured that you’ll still get full transparency on his ideas and tips.
Also, if you are worried if his opinions are reliable, then allow us to tell you that he studied Business and was even an exchange student to attend one of the top business universities in Europe.
Since then, he has been working and blogging about the financial market. He also features the bond portfolios of his mother and sister that he tracks and records.

Understand your investment options

Whether you invest through a 401(k) or similar employer-sponsored retirement plan, in a traditional or Roth IRA, or in a standard investment account, you choose what to invest in.
It’s important to understand each instrument and how much risk it carries. The most popular investments for those just starting out include:

Stocks

A stock is a share of ownership in a single company. Stocks are also known as equities.
Stocks are purchased for a share price, which can range from the single digits to a couple thousand dollars, depending on the company. We recommend purchasing stocks through mutual funds, which we’ll detail below.

Bonds

A bond is essentially a loan to a company or government entity, which agrees to pay you back in a certain number of years. In the meantime, you get interest.
Bonds generally are less risky than stocks because you know exactly when you’ll be paid back and how much you’ll earn. But bonds earn lower long-term returns, so they should make up only a small part of a long-term investment portfolio.


Mutual funds

A mutual fund is a mix of investments packaged together. Mutual funds allow investors to skip the work of picking individual stocks and bonds, and instead purchase a diverse collection in one transaction. The inherent diversification of mutual funds makes them generally less risky than individual stocks.
Some mutual funds are managed by a professional, but index funds — a type of mutual fund — follow the performance of a specific stock market index, like the S&P 500. By eliminating the professional management, index funds are able to charge lower fees than actively managed mutual funds.
Most 401(k)s offer a curated selection of mutual or index funds with no minimum investment, but outside of those plans, these funds may require a minimum of $1,000 or more.


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