"Think of losses as your tuition fee for investing better."
POSTED ON August 02, 2019
Abby, 27 years old, makes habitual investing a lifestyle
How did you get started in investing?
My first job was at a stock brokerage house, having zero knowledge on investments whatsoever. Since I had easy access to information, I decided to jump the gun and open my own stock trading account. I can still remember the thrill of buying my first stock and seeing it reflected in my portfolio.
Since then, I’ve been more open to other types of investments, including mutual funds, exchange-traded funds. I've even been more aware of my spending and saving habits, which has helped me immensely in managing my expenses.
What's the most important lesson you've learned from investing?
Start early! I first started investing in the stock market in my early 20s and there are still moments where I wish I have started sooner. Investing is a journey where you’ll inevitably face many challenges -- including losing money -- but don’t let that discourage you from reaching your goal. Think of losses as your personal tuition fee. Even if you've done your research, sometimes your investments will go down. No two trades are exactly the same, which makes the journey all the more exciting! Make the most out of it and remember to have fun along the way. If you’re unsure, read up on news articles or join online forums where many experienced investors are more than willing to help. The first step is always the hardest, but it will always be worth it and your future self will thank you for it.