How can I invest wisely?
Investing is a long term business. First you need to know how long you going to be in this business. To setup this business, you need to have capital and you need to use your capital wisely.
Let say you have $10,000 and what you want to own? Allocate 3-5 stocks and you do not need to buy all at one time. Why? You need to look for good stock and undervalue ones. Is there any now?
There are still good and undervalue stocks. One example is GOOGL, Morningstar fair value is $154.
Alternative, we can look into ETF for dollar cost average but to optimise is to enter at a support level (Moving average). ETF growth will be slower compared to a stock.
Stay we me for next week update. Below is one of my recent portfolio.
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Ok