After the wedding, few of us (those staying in the same area) went back together via Mrt. Otw back, we had some chats about life. I couldnt remember what topic we are in but one of friend suddenly pop-up this sentence "just keep working lo" and got me very worry.
I quickly ask her what do u mean by this? Because to me, this sound like she got no aim, 一天过一天 (everyday is just another day) which lead us to the topic of investing. In short, she mention she doesn't have spare cash to do investing. She don't know anything therefore never bother to start doing investing. She doesn't trust investment. Too high risk. In fact, she ended stating she is not interested.
Well, after listening, I feel sad. I just want to add on some points here.
Firstly, not enough cash. I need to clarify on this. Many youngsters thought that investing require a large sum of money which is totally not true. In fact, a sum of $1000 can keep u started. For example, you can buy a Unit Trust like "NIKKO Singapore Dividend Equity Fund" whereby it buys into a basket of Singapore listed companies. Moreover you also get monthly Dividend payout to your bank account. Or u can choose to buy into 500 shares of "Frasers Centerpoint Trust" whereby it pay 4x Dividend in a year and a possibility of capital appreciation. There are many other stocks and funds in the market. Above are just 2 exmaples to illustrate my point, not a recommendation to buy.
Secondly don't know anything about investing. I wish to clarify who started off with knowing everything? We go to school to learn from teacher. After which we go back home, we practice and do ten year series, past year papers jus to ensure we master the module and score in exam right? So what is the different? Basically, it comes down to 1 question, "你要不要而已(how dying you want to learn)”. Just like studying in school, the teacher can give u 100 times extra classes but if you got no heart to learn, end up you will still fail the exam.
Lastly, too high risk. By putting money in your bank, why not you buy into the bank? You see if u say investing is risky but if you put your money in the bank, if the bank doesn't do good, the bank will evetually close down and gone is your money. Isnt it high risk too? I always believe one rule and it goes like this "knowing what u are doing reduces the risk" chim right? Let me explain further with Riding a bicycle example. So if you know how to ride( respresent knowledge) a bicycle, the probability of you falling(risk) is lower, I m not saying you won't fall, you will still fall if there is a hole on the ground (bad event like terrorism attack) but at least we know that on normal road we wont fall thus reducing the risk significantly.
I would like to end the post with this.
The question I ask is, “What is holding you back from achieving your dreams?”
Is it just your mindset of not believing or simply no action from you? I can say alot of things and reasoning (input) but output really has to depend on yourself. I can't possibly go out there to Force you. 加油！
To our success,
Eric Khoo
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