"Don't expect financial advice to come to you."
POSTED ON July 26, 2019
Miggy, 30 years old, football club organizer
How did you get started in investing?
My dad is an investment banker. He literally manages investments for a living, and he used the skills he learned to help make money for my family. When he bought our second house, he got funds from investments, not a housing loan. When he paid for my tuition, he also got it from investments, not an educational plan.
Even if I was able to enjoy the benefits of my dad's investments, I didn't really learn to invest, like him. I wanted to invest, but, in my 20s, I didn't want to take the time to do the research. So, I only invested in life insurance plans and a few Treasury Bills. Looking back, I never really learned "how" to invest. I just went for what was easy to apply for (or when I was hounded by insurance sales agents!)
What's the most important lesson you've learned from investing?
Now that I’m in my 30’s, I wish I had started researching investment options when I was younger. I was surprised to learn that there are many options that would’ve worked better for me and may have yielded higher returns! And now, I’m playing catch-up. Ten years late!
Moral of the story: Research and explore all the options available! Don’t expect the financial advice to come to you. You must ask for it!