It’s a well-known cliché: for many beginner investors, the stock market is like a capitalist casino, a place where you risk betting your money for a chance at hitting the proverbial jackpot.
But in reality, investing isn’t gambling. Not if you know what you’re doing. Unlike gambling, investing isn’t about throwing money into a trade and praying for the best; it’s about using all your technical knowledge, wisdom and love of the game to beat the odds.
And that’s exactly the kind of misconception Sebastian Goh would like to clear up. The experienced trader, who has years of experience under his belt, currently heads the Dealing teams for Phillip’s Online Electronic Mart System (POEMS), Singapore’s pioneering online share trading platform.
He sits down with us for a cuppa and shares some valuable insights into the brave new world of investing.
Let’s suppose I’m in my late 20s and I want …