questions on investing

[sciprof]

i've heard people opening FSM/dollardex a/c and doing UT investing on it. For noob people like me, how should i start let say i have 5K spare cash to invest?

 

[bbmars1128]

i've heard people opening FSM/dollardex a/c and doing UT investing on it. For noob people like me, how should i start let say i have 5K spare cash to invest?

Before you commit sucide, better go read up on FSM home page about investing. The site offers information on investing and things that you might want to know, kind of ABC of UT investing. Not too sure about DollarDex. Visited their site very long time ago. I have an accoount with FSM, but kind of inactive for now due to higher sales charges for those funds which I wanted to buy. I am currently using Philips Security (POEMS). Sales charges are lower. Both have a wide varieties of asset management funds available

 

[anfielder]

FSM's website design is better than dollardex but pls note that FSM charges platform fees for your holdings (ie a small percentage of your holdings every qtr) while dollardex doesn't. I don't use POEMS but I know they don't charge platform fees also.

You may wish to read up on ETFs as well - these usually have lower charges than UT.

 

[UncleScrooge]

For totally new investors, I recommend these important steps:

1) Before investing anything at all, join FISCA. This is run by our former Presidential candidate, Mr. Tan Kin Lian. Membership is only $36 per year, and they will teach you the same things as those $1000 seminars.

2) Again before investing anything, read Smarter Investing by Tim Hale. This book should be the Bible of investing for all newbies.

3) Aim for investments that net you market returns, and re-allocate your assets to avoid losses instead of chasing high returns. Look for Index Funds (ETFs), and don't try to dabble in Forex.

4) Find a fund with a TER (Total Expense Ratio) below 0.7%, some people will not even tolerate more than 0.5%. Don't just look at the management fees; you need to factor in things like loading and transaction fees.

5) Own your age in bonds, and put the rest in equities.

6) Forget about life insurance growth policies. Distribution costs are too high.

7) Forget about bank fixed deposits. Although safe, the results are unacceptably poor considering the loss of liquidity.

Best of luck!

 

[sciprof]

For totally new investors, I recommend these important steps:

1) Before investing anything at all, join FISCA. This is run by our former Presidential candidate, Mr. Tan Kin Lian. Membership is only $36 per year, and they will teach you the same things as those $1000 seminars.

2) Again before investing anything, read Smarter Investing by Tim Hale. This book should be the Bible of investing for all newbies.

3) Aim for investments that net you market returns, and re-allocate your assets to avoid losses instead of chasing high returns. Look for Index Funds (ETFs), and don't try to dabble in Forex.

4) Find a fund with a TER (Total Expense Ratio) below 0.7%, some people will not even tolerate more than 0.5%. Don't just look at the management fees; you need to factor in things like loading and transaction fees.

5) Own your age in bonds, and put the rest in equities.

6) Forget about life insurance growth policies. Distribution costs are too high.

7) Forget about bank fixed deposits. Although safe, the results are unacceptably poor considering the loss of liquidity.

Best of luck!

Thanks for the info UncleScrooge, it definately helps me alot!

 

[ivanftp]

How often do you check your portfolio to view how much money you made or loss?