First foray into investments with $3000

[Middle-C]

Hi kuanknightz, I have sent you an pm for your reference. Thank you

can pm me too? think im in the same situation as TS. just that i'm gonna ORD in half a year. HAHA

 

[kuanknightz]

i was thinking if i should try both long term investments as well as short term tradings. what are the options available for me for short term moderate risk trading?

 

[xtwis7]

What's your risk appetite? How much are you prepared to lose? I wouldn't advise going into penny and please don't try contra. Your money will be gone before you know it. Start to read up on shares, bonds etc. How to get started I.e opening accounts for future use.

 

[Dividends Warrior]

yeah, but if next day i need emergency fund? then how? sell ilp and immediately take back the amount? and if lets say in the future, i decided to liqiduate my ilp because i need cash, then my insurance coverage how liao? buy a new insurance plan with a higher premium?

just my concerns when i deciding whether to buy ilp or not

ILP.......my biggest mistake.....sigh.....

 

[Asure7]

ILP is just term insurance + unit trust packaged together isn't it ?
If really like it so much, might as well separate it out and pay less "fees"
Wider range of unit trusts to choose from too. Cash out w/o affecting the protection part.
Plus u wont get into the situation in which u have ZERO units in the 1st year due to outlay

 

[kuanknightz]

what are the views on penny stocks? Is it viable for beginners to play and learn?

 

[Asure7]

what are the views on penny stocks? Is it viable for beginners to play and learn?

Yes, penny is for noobs to learn through paying "school fees" to the market.
You can "learn through play"

 

[Sinkie]

Yes, penny is for noobs to learn through paying "school fees" to the market.
You can "learn through play"

worst is, lose liao but dont know what he doing

 

[Dividends Warrior]

Yes, penny is for noobs to learn through paying "school fees" to the market.
You can "learn through play"

I prefer to learn through Power of CD.

Collect money and learn at the same time!!!

Winning!!!

 

[Asure7]

worst is, lose liao but dont know what he doing

means didn't lose enough.
need to pay more school fees