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Top 3 Mistakes I’ve made as a Beginner Investor
By Financial Horse  •  February 22, 2021

This article was submitted by a guest contributor. If you would like to submit an essay, email hello@financialhorse.com!

I started investing at the age of 17. My older sister noticed that I had a lump sum of cash from part-time jobs as well as bursary awards, and advised me to invest it. That was the start of my investment journey and I wanted to share the Top 3 Mistakes I made along the way as a beginner investor.

Mistake 1: Not knowing what the products were

My first ever investment was Dollar-Cost Averaging into the Straits Times Index (STI), as recommended by my older sister. I set up a Regular Savings Plan (RSP) to deposit $300 every month into the NikkoAM STI ETF. While investing in the STI ETF is far from the biggest mistake most investors make, the travesty was investing into a product I had no clue about....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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