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Thread: YOUNG INVESTORS

  1. #1
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    Default YOUNG INVESTORS

    Price? Graveyard? Send u story next...

    » An opportune moment to take risk Business Times: Mon, Jun 25

    UNLIKE his peers, Justin Koh Zhi-Ren doesn't spend much on games, wild partying or branded apparel. Instead, like a true-blue Singaporean, he would rather splurge on food.

    But the 24-year-old Economics major at the Singapore Management University (SMU) still manages to save a large portion of his allowance, even after spending quite a bit to satisfy his tummy.

    Of the $75 he received as weekly allowance during his days as a student at Anglo-Chinese Junior College, Justin saved between $30 and $50.

    This habit has followed Justin through his army and undergraduate days, and is what the young investor has built his investment portfolio on. "I am definitely a saver. I always enjoyed watching my bank account grow, but never knew about other alternatives where I could place my money in besides the bank," Justin said.

    Q: When did you start investing?

    A: I started investing just after army in 2009, when the economy started to pick up.

    I used the savings I had from my army days, about $20,000 to $30,000. At that time, it was just blind luck, but I managed to buy many quality counters at low prices. But I wouldn't consider this investing.

    Only after I entered SMU did I start investing properly. By that time, I had a lot more knowledge from my readings from school.

    Q: What got you interested in investing?

    A: Independence, mainly. I've always believed in not putting all my eggs in one basket.

    I've learnt that it's important to have a safety net. Times are bad and people who expect to work for a long time can get fired in an instant. It would be unwise of me to risk everything on one job. At least this way, I can spread the risks around.

    Also, passive income is important because there's only so much you can earn.

    For example, even if you earn $200 an hour, there's no way you can earn millions at the end of the year. Smart investments would help me get more income - it's all about working less and earning more.

    Q: What do you currently invest in, and what strategies do you follow?

    A: I try to diversify my investments and not put all my money in one industry.

    I've also heard that it's wise to break down investments into different classes, like property, bonds, equities or stocks. But with a smaller portfolio like mine, it's a bit difficult to do that.

    Currently, I buy Reits (real estate investment trusts). Their allure is that I get to play the property market, although I feel it's a bit overpriced now. There are minimal dividends but still enough for a decent meal.

    I also invest in water and food. I believe that water treatment and food scarcity are two pressing issues. The water company I'm investing in can be quite volatile now, but I believe it will be profitable in the long run.

    It's a macro way of thinking, but it's these trends that define where the world is moving towards.

    Q: Are there other factors you would take into account before investing in a company?

    A: Yes. Ethical concerns may not be so important in the past, but today, it defines whether a company succeeds. People are becoming smarter, and with the Internet, a small misdeed can go viral and destroy the brand.

    It's important that a company goes out of its way to give back. The returns may not be astronomical, but it makes you feel good too.

    Q: Do you use credit cards?

    A: Yes I do. I have three credit and three debit cards. I get credit cards for the perks but 95 per cent of my spending is only on one card.

    I prefer using credit cards over cash as it allows me to track my spending. In fact, I try to charge 100 per cent of my expenditure to my credit card.

    When I pay cash, I don't keep the receipts and may get a shock at the end of the month. With credit cards, the statements show me exactly where I have been spending my money. If this month the statement shows that most of my expenditure is on food, I'd know what to cut down on the next month.

    Q: How would you describe your risk appetite?

    A: Very large. Not because I like to gamble, but because I feel that this is the opportune moment to learn about investing, when I can afford to make mistakes.

    I'm still a student, my parents still support me. I don't have other responsibilities except to study and learn more about the world.

    If I were to make serious mistakes, it's still cheaper to make them now, compared to the future. Ultimately, costly lessons will still cost less now than in the future.

    Q: Any tips to share from your experience in investing?

    A: Information is power. Read widely, see what suits you, and stick to it! Many people want to invest, but won't stick to it. They are influenced by external factors, even though the company is fundamentally good.

    I would advise new investors to read the local papers. If you want more, there's always Bloomberg and CNBC, and to go further, read some finance books.

    For example, I once read about Peter Lynch and his concept of investing only in what you understand. It sounds simple, but not everyone understands this.

    Doing all this would give someone a good overview on finance, but it would not teach you about investing itself.

    Investing itself is more of a thought process, so it differs for everyone - whether long-term or short- term investors - everybody has their own style.

    If you're between the ages of 17 and 30 and wish to share your investing story too, e-mail [email protected] with "Starting Young" in the subject heading now. Views shared by young investors in this space are their own, and not endorsed by BT.

    Source: Business Times © Singapore Press Holdings Ltd.

  2. #2
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    sounds like a good head on a young shoulder. good for him...

    wad's the link to price and graveyard? Flamingo valley?
    Quote Originally Posted by TheOnlyGayInTheVillage
    Price? Graveyard? Send u story next...

    » An opportune moment to take risk Business Times: Mon, Jun 25

    UNLIKE his peers, Justin Koh Zhi-Ren doesn't spend much on games, wild partying or branded apparel. Instead, like a true-blue Singaporean, he would rather splurge on food.

    But the 24-year-old Economics major at the Singapore Management University (SMU) still manages to save a large portion of his allowance, even after spending quite a bit to satisfy his tummy.

    Of the $75 he received as weekly allowance during his days as a student at Anglo-Chinese Junior College, Justin saved between $30 and $50.

    This habit has followed Justin through his army and undergraduate days, and is what the young investor has built his investment portfolio on. "I am definitely a saver. I always enjoyed watching my bank account grow, but never knew about other alternatives where I could place my money in besides the bank," Justin said.

    Q: When did you start investing?

    A: I started investing just after army in 2009, when the economy started to pick up.

    I used the savings I had from my army days, about $20,000 to $30,000. At that time, it was just blind luck, but I managed to buy many quality counters at low prices. But I wouldn't consider this investing.

    Only after I entered SMU did I start investing properly. By that time, I had a lot more knowledge from my readings from school.

    Q: What got you interested in investing?

    A: Independence, mainly. I've always believed in not putting all my eggs in one basket.

    I've learnt that it's important to have a safety net. Times are bad and people who expect to work for a long time can get fired in an instant. It would be unwise of me to risk everything on one job. At least this way, I can spread the risks around.

    Also, passive income is important because there's only so much you can earn.

    For example, even if you earn $200 an hour, there's no way you can earn millions at the end of the year. Smart investments would help me get more income - it's all about working less and earning more.

    Q: What do you currently invest in, and what strategies do you follow?

    A: I try to diversify my investments and not put all my money in one industry.

    I've also heard that it's wise to break down investments into different classes, like property, bonds, equities or stocks. But with a smaller portfolio like mine, it's a bit difficult to do that.

    Currently, I buy Reits (real estate investment trusts). Their allure is that I get to play the property market, although I feel it's a bit overpriced now. There are minimal dividends but still enough for a decent meal.

    I also invest in water and food. I believe that water treatment and food scarcity are two pressing issues. The water company I'm investing in can be quite volatile now, but I believe it will be profitable in the long run.

    It's a macro way of thinking, but it's these trends that define where the world is moving towards.

    Q: Are there other factors you would take into account before investing in a company?

    A: Yes. Ethical concerns may not be so important in the past, but today, it defines whether a company succeeds. People are becoming smarter, and with the Internet, a small misdeed can go viral and destroy the brand.

    It's important that a company goes out of its way to give back. The returns may not be astronomical, but it makes you feel good too.

    Q: Do you use credit cards?

    A: Yes I do. I have three credit and three debit cards. I get credit cards for the perks but 95 per cent of my spending is only on one card.

    I prefer using credit cards over cash as it allows me to track my spending. In fact, I try to charge 100 per cent of my expenditure to my credit card.

    When I pay cash, I don't keep the receipts and may get a shock at the end of the month. With credit cards, the statements show me exactly where I have been spending my money. If this month the statement shows that most of my expenditure is on food, I'd know what to cut down on the next month.

    Q: How would you describe your risk appetite?

    A: Very large. Not because I like to gamble, but because I feel that this is the opportune moment to learn about investing, when I can afford to make mistakes.

    I'm still a student, my parents still support me. I don't have other responsibilities except to study and learn more about the world.

    If I were to make serious mistakes, it's still cheaper to make them now, compared to the future. Ultimately, costly lessons will still cost less now than in the future.

    Q: Any tips to share from your experience in investing?

    A: Information is power. Read widely, see what suits you, and stick to it! Many people want to invest, but won't stick to it. They are influenced by external factors, even though the company is fundamentally good.

    I would advise new investors to read the local papers. If you want more, there's always Bloomberg and CNBC, and to go further, read some finance books.

    For example, I once read about Peter Lynch and his concept of investing only in what you understand. It sounds simple, but not everyone understands this.

    Doing all this would give someone a good overview on finance, but it would not teach you about investing itself.

    Investing itself is more of a thought process, so it differs for everyone - whether long-term or short- term investors - everybody has their own style.

    If you're between the ages of 17 and 30 and wish to share your investing story too, e-mail [email protected] with "Starting Young" in the subject heading now. Views shared by young investors in this space are their own, and not endorsed by BT.

    Source: Business Times © Singapore Press Holdings Ltd.

  3. #3
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    I had an old friend whom can save and very very thrifty even on a cup of kopi.

    I remember blanja him when ever we go for lunch, I also don Know why then .

    But one thing for sure ,he much richer then me now..Yes, usually stingy guys are rich...

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    Quote Originally Posted by Vincegoh
    sounds like a good head on a young shoulder. good for him...

    wad's the link to price and graveyard? Flamingo valley?
    No la. They so young, ask them to send in their stories next.

  5. #5
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    There are still many young chewren who are freaking rich:
    http://static.stomp.com.sg/stomp/sgs...uccessful.html

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    Most successful entrepreneurs I know have strong backing, either customers of their ex-companies or relatives with (contacts/cash) as mentors or angel investors.

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    another cooked up story.

    how to have $20-30k savings if your parents aint rich enough to give you HUGE pocket money?

  8. #8
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    My girl did very very much better than this guy...
    but, she will not make her success story in the public....

    low profile is important...

  9. #9
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    Quote Originally Posted by Laguna
    My girl did very very much better than this guy...
    but, she will not make her success story in the public....

    low profile is important...
    Seriously no help from you?

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    father a bus driver
    mom a sales assistant

    kid has a savings of $5k after NS

    this is what i call WOW!!!

    other that this, all such news are just NOT news worthy at all.

  11. #11
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    Quote Originally Posted by Laguna
    My girl did very very much better than this guy...
    but, she will not make her success story in the public....

    low profile is important...
    Can see that u r proud of ur daughter and her achievements.

    Just curious, if daughter so good, why plan to keep ur properties in a trust?
    Seems to me like cannot trust children to take care of grandchildren.

    Now singapore no estate duty, cant be tax savings ?

  12. #12
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    Quote Originally Posted by Laguna
    My girl did very very much better than this guy...
    but, she will not make her success story in the public....

    low profile is important...
    jin li hai...

    hope can learn from your daughter
    I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)

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    Quote Originally Posted by House
    another cooked up story.

    how to have $20-30k savings if your parents aint rich enough to give you HUGE pocket money?
    Y not?
    Jc 2 yrs 40/wk x 50wk x 2yr = 4000
    Ns allowance 2 yrs 500 x 12 x 2 = 12000
    Total = 16000.
    Plua other savings should be able to reach 20k.

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    Quote Originally Posted by House
    father a bus driver
    mom a sales assistant

    kid has a savings of $5k after NS

    this is what i call WOW!!!

    other that this, all such news are just NOT news worthy at all.
    Agree. That guy's pocket money was $75 a week when he was in JC. I got $75 a month when in Uni, so you can imagine how little I got while in JC! By age 24, I'd already paid up my 25-30k study loan in full (repaid to dad's CPF to use for my sis' education). I think I should be in the news

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    Quote Originally Posted by hopeful
    Y not?
    Jc 2 yrs 40/wk x 50wk x 2yr = 4000
    Ns allowance 2 yrs 500 x 12 x 2 = 12000
    Total = 16000.
    Plua other savings should be able to reach 20k.
    Pls dun bluff chewren like me with your numbers. No need to eat meh?

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    Quote Originally Posted by evergreen
    Agree. That guy's pocket money was $75 a week when he was in JC. I got $75 a month when in Uni, so you can imagine how little I got while in JC! By age 24, I'd already paid up my 25-30k study loan in full (repaid to dad's CPF to use for my sis' education). I think I should be in the news
    YAY!!!


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    Quote Originally Posted by hyenergix
    Pls dun bluff chewren like me with your numbers. No need to eat meh?
    can!!! every meal ride bicycle to 居寺林


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    Quote Originally Posted by hyenergix
    Pls dun bluff chewren like me with your numbers. No need to eat meh?
    Mother cook mah. FOC!
    When in NS, just eat whatever they provide!

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    Quote Originally Posted by hyenergix
    Pls dun bluff chewren like me with your numbers. No need to eat meh?
    Didnt the guy said he saved 30-50/week during jc?

    Sorry i wasnt aware that ns men have to pay for their food.

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    Quote Originally Posted by hopeful
    Didnt the guy said he saved 30-50/week during jc?

    Sorry i wasnt aware that ns men have to pay for their food.
    Not all NS men sign confinement throughout their NS and get free meals on weekends. You go canteen break just water parade with your water bottle while your platoon mates drink kopi and eat snacks meh? You got go NS or not?

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    Quote Originally Posted by hopeful
    Didnt the guy said he saved 30-50/week during jc?

    Sorry i wasnt aware that ns men have to pay for their food.
    They have to pay for their food if they get posted to some place that don't provide free food! But my friend who got posted to that sort of place still managed to save enough money for a holiday to HK! (No money from parents)

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    Quote Originally Posted by evergreen
    Mother cook mah. FOC!
    When in NS, just eat whatever they provide!
    NS field camp equipment not cheap hor. Sure got things missing and need to buy. Last time still can pay premium to buy missing M16 parts.

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    Quote Originally Posted by hyenergix
    Not all NS men sign confinement throughout their NS and get free meals on weekends. You go canteen break just water parade with your water bottle while your platoon mates drink kopi and eat snacks meh? You got go NS or not?
    I spent my NS fortune at the range titbit stall or the ice cream uncle riding into training area.

  24. #24
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    Quote Originally Posted by hyenergix
    Not all NS men sign confinement throughout their NS and get free meals on weekends. You go canteen break just water parade with your water bottle while your platoon mates drink kopi and eat snacks meh? You got go NS or not?
    Well i was denied the priviliege to serve ns.
    Anyway, the issue is whether the guys figures are credible or not.
    Low 20s is achievable going by the figures he quoted, but to save 30k is farfetched.

  25. #25
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    Quote Originally Posted by hopeful
    Well i was denied the priviliege to serve ns.
    Anyway, the issue is whether the guys figures are credible or not.
    Low 20s is achievable going by the figures he quoted, but to save 30k is farfetched.
    Story is too far fetch. You need rich parents and good family background to achieve that. Else you are likely to be one of the nameless and faceless person in the crowd.

    Most likely you are either a local girl or a foreigner.

  26. #26
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    Quote Originally Posted by hopeful
    Well i was denied the priviliege to serve ns.
    Anyway, the issue is whether the guys figures are credible or not.
    Low 20s is achievable going by the figures he quoted, but to save 30k is farfetched.
    Credible? of cos a big YES provided with rich parents.
    Newsworthy? NOPE!

    Richard Li "saved" a few millions when he graduate from kindergarden. Remember?

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    Quote Originally Posted by hyenergix
    NS field camp equipment not cheap hor. Sure got things missing and need to buy. Last time still can pay premium to buy missing M16 parts.
    i know that even the camouflage paste (or whatever it's called) is very expensive! quite unfair to make the guys buy it themselves.

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    Before I sound too negative, I have to highlight that these news do serve as a source of inspiration.

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    Inspiration for those who have worked for >5 years but don't have >20k liquid assets! (not referring to silicon or saline implants!)

  30. #30
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    Perhaps it could be generation gap, I have seen many chewren in early 20ies during school days, family not rich started their own biz with the advent of internet, stock trading etc..it is really not that hard to become a millionaire at a young age if you pia hard enough even when you are schooling in university. I used to recall I can easily remember a few friends giving tuition during uni days can easily earn 4-5k p.m on average, yr 1 can already self-sufficient and buy car already. Well this is obviously for a small fraction of students who are working hard and studying at the same time. It is not impossible but there are such cases. Also I think a low 5 figure ~10K+ is easily attainable with 2 decades of angbao money and pocket money savings from parents

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