My intake after investing for almost a year in 2021

This year due to pandemic many things has changed including the way people invest in money. There are a lot of ways of investment. From a YouTube channel, I just heard different stocks that gain big increase in share price this year. Most of the stocks that increased are not famous (like Apple or Tesla) but, somehow their share price is popular among investor (or trader). They are probably the stocks that increase due to social media hype (like Reddit or YouTube). People look at the article and post from different account regarding which stock will increase and immediately purchase it. It boosted the price and, they earn more money.

I started investing using mobile app this year. And many interesting stories of up and down moment just like stock price. What I have learned is whether you want to play safe or gamble with speculation. Because there are stocks that get hyphened by public and the price increased because many people just buy the stock. I joined the hype at the beginning. It was not a healthy way of investing for me. It’s not investment but it is trading. I would be awake till late because I am living in Singapore so when the market is open, it’s quite late. I didn’t watch any news but, I would just rely on a social media app. And many times, it was wrong speculation so, I lost quite a lot of money. After doing it for about 3 months, I decided to just put my money on a growing stock. It has a consistent growth and, I don’t need to worry about anything but, of course, I need to still read news to know information.

I am definitely not an expert. I am just trying to invest my money in a safe way instead of just keeping it in my bank. After doing investment for almost a year now, here are my intakes:

1. Don’t invest your money in a hyphened stock if you are not an active trader.

Trading makes a lot of money for sure. But if you are not trading actively, you will lose money instead because it needs your active monitoring of different social medias. You want to figure out public movement so, you know what the next step will be to take, whether you want to sell or buy more stocks.

2. Figure out one or two strong stocks companies you believe in.

This involves research of different companies, the performance of the stock in yearly based and daily news (like Bloomberg etc). For me, I am looking for a company that has a growing stock. And even though, the price can be fluctuating, it still moves upward instead of constant fluctuating.

3. Always listen to news from professional media or individual owned media (YouTuber or Podcaster)

At the beginning, I didn’t do this at all and just relied on a social media account. Of course, when the price went down, I couldn’t blame it on anybody but myself for being so reckless. I didn’t update myself with any information and I am not a fortuneteller as well. I wouldn’t know anything about what is happening. Now as I start to listen more to news, I will have some insights of what can happen and what to do to anticipate it safely.

4. Of course, you will need to face the pain of volatility.

Beside investing in stock, I also put some amount of money in Crypto. It is very volatile and at the beginning of my transaction (which is this year of 2021), I faced a big drop where I was shocked by it. Luckily, I didn’t put a lot of amount. Then the price went back again. And the drop happened again. It is very volatile. But again, reading the news will help you to figure out what’s happening and the reason of the drop. After this experience, you will get used to volatility of a product.

5. Create a group chat consisted of friends who invested or join a group of investors.

As I started investing and trading, I found my friends who have been doing it. So, together we always update each other with latest news. We created a group chat where we can inform latest news about which stock performed better and what is happening. We help advising each other and it really strengthen me. It helps you to know that you are not alone when the price went down and, we celebrate together when the price went up. It is great addition for insights and mental strength.

This year, I lost money definitely due to trading, but I gain money as well from my investment journey. It is painful to lose but it will be even more painful if I don’t learn from this experience. I learn what kind of investment that suits me and my lifestyle. And at the end, I believe that all experiences you will face from investing journey will help you to grow. And as you start this new journey, you will get the fruit of it as time goes by. I have invested in some growth stock companies and have seen the fruits of it.

I am not an expert and I am creating this article to share my experience as a new investor this year. I am open for more understanding and advices. Thank you for reading.

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