Part 9/11:
Education and Awareness: Show how investments can help reach life goals.
Start Small: Initial investments of $1,000 in diversified assets like ETFs or Singapore Savings Bonds can build confidence and experience.
Prepare for Volatility: Understand that markets fluctuate; like turbulence in a flight, it’s normal. Regular communication and education help mitigate fears.
Managing the Infodemic: Navigating Online Investment Advice
In an age of social media overload, discerning credible information from noise is critical. The advice includes:
- Develop a Personal Investment Philosophy: Decide whether one believes in active vs. passive investing, and choose instruments accordingly.