Investment noob

laserboy SG

20 year old army regular here....was being introduced to financial planning and investments through talks and seminars inside and outside army...im eager to plan for my future but i do not know where and how to start...

i've been introduced to various investment schemes such as unit trust, land banking, insurance, investments in bonds, shares, etc

i wish to seek advices from savvies and lao jiaos and hope the rest can also share your experiences in investments.....be it good or bad.....thank you all

p.s.: financial planners......do not come and disturb me..

fymk SG

My advice to you :

1. Make sure you have the money to buy them . Don't borrow from banks to play shares. It kills.

2. I usually have a cash reserve I can stand on in losses.

3. Make sure u can save up to 10k before u start playing.

Darkness_hacker99 SG

Here some help.

http://www.sgforums.com/?action=thread_display&thread_id=223207

http://www.sgforums.com/?action=thread_display&thread_id=107546

kitson_83 SG

My advice is to keep your view open and dun be in a rush to jump into any commitment without 1st thinking of your current status. I totally agree with the previous post of dun take loan to do investment, it really kill ppl.

YI SG

i am fine with a combination of unit trusts, bonds, and shares as an investment portfolio. do remember that diversification is a good way to reduce your risk.

i had conducted detailed research on land-banking months back and i find that the returns are not worth the risk. i am not in favour with the concept either. as for insurance, do i even need to go on? Laughing

kenn3th SG

oh i just wann say this ... "NOOB!" Laughing

no offense, sry[ Confused

buses_galore SG

Here is my advice

Always take a bank loan
Buy in hug...Make it really huge quantities
Even if you lose continue buying...
Follow this and you are one step closer to being rich... Laughing

laserboy SG

i like this one.... Twisted Evil

laserboy SG

my friend whos oso a consultant for walton international invited me to the company for an intro talk on land banking.....seems like a good deal to me....

care to share ur findings and opinions on land banking?

fymk SG

You will definitely go bankrupt if you borrow huge loans without knowing the real implications of what you are investing in. Somewhat like playing contra stocks - I got friends who tried to rake me into it but I didn't take the risk - true they earnt alot to cover repayment but at the end they had to get their parents to bail them out of a huge debt. Unless you truly understand the financial and economics that run behind it and where it is going to done at. You don't own it for real .

The trust I have for my superannuation planning is very high risk - some years I can lose up to 3k in 1 month and yet other years can double up plus I always need to transfer to another trust to lower the risk for a while and sit it out.

Just advice given. Up to you to take it. And bearing in mind, once you declare bankrupcy - EVEN JOBS will be hard to come by , let alone trying to get a telephone connection.