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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.