Investments... Why invest?
By ahgong
@ahgong (10064)
Singapore
August 22, 2009 1:50am CST
There seem to be a lot of buzz about investments of late. I do not know about the othe countries, but it seems to be the in thing of late.
In fact, i am writing this discussion while sitting in one of these investment seminars.
There are many tools and trading vehicles one can choose from. From foreign currency to shares to even simple everyday food like corn!
The thing is this... With all these lousy interest rates returns on our saving deposits, we must find a better way to grow our retirement nest egg to even think about retiring decently. Couple with the dwindling returns on whatever pension schemes we are on, increasing flation, there is all the more a need look outside our comfort zone to grow our retirement funds.
Question is, with so many brokers, retail platforms, which one should one choose to park one's money?
Yeah... Yeah... I know. I know. It all depends on your risk appetite. I have heard that phase like a million times already.
The thing I am curious is, when looking for an institution to park your mony, what are some of the things you consider before signing on the dotted line?
What would make you decide on letting the broker manage your money? Or would you prefer to manage your own portfolio to grow your money faster?
What are the deciding factors that affects your decision?
1 person likes this
2 responses
@kun2349 (23381)
• Singapore
22 Aug 09
Invest is a way of making our money grow, but with a risk of course.. NObody will ever find themselves having more than enough to spend.. haha =D what harm does it bring us when we can have more to spend, or more savings?? hehe ^_^
THat's the reason why most ple choose to invest, be it for interest or whatever, at least one is earning.. BUt there's one factor which prompts most ple into investing big, and that's greed.. INvestments is about slow, and steady, but not fast money..
THere might be ple earning quick bucks at the moment, but how long can they last, before putting back everything again?? As the more one earns, the more they want it again, thus resulting in them losing their heads.. haha =D
I will not really trust any broker or whatever.. IF i wanna invest, i will be relying on myself instead.. hehe
@ahgong (10064)
• Singapore
25 Aug 09
ha ha ha ha ha... you cannot run away from using a broker.
Even if you were to manage your own funds, you still have to open an account with a broker institution.
Then park your money with them and do the management of the buy and sell yourself.
The broker will then earn from the spread of your investments. Or a better word for investment, trades.
And you are right about one thing. Greed is never the thing to have when dealing with investments. Cos when you get greedy, you become irrational. And when you get irrational, you become a gambler, no longer an investor.
1 person likes this
@kun2349 (23381)
• Singapore
26 Aug 09
lol =D Then i shall invest in something else then, which does not require any broker, and i dun mind even if i'm earning alot lesser.. lol =D
Gambler and investor?? Difference is only in being rational, and analyising.. lol =D BUt then again, but factors does have a certain level of greed involved!! hehe
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@faisai (1138)
• Hong Kong
25 Aug 09
I think investment is a topic that everyone should really learn. It is a much wider topic than just picking the stocks or mutual funds to put our money in. Even placing our money in the bank is also a kind of investment decision. The kind of decision that should be made with adequate knowledge of the risks and returns, etc.
About who to trust, I think it is better to let the professionals to do their jobs. There are people such as those fund managers and researchers whose jobs are to manage money and make them grow. Now, I am not saying that they always make the money grow as we all know investment involves risks. But if it is either them or me myself, I will trust them for their long experiences in the fields as well as the time they have.
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@ahgong (10064)
• Singapore
28 Aug 09
Yeah, it is a subject that SHOULD be taught in school.
This would be so much more useful that some of the topics we learned.
And so much more practical too.
And not just investments. They should also teach money management in school!
Cos if you get the good habits of managing your money young, you will be set for life!
So many of us learn the money management lesson late in life. And it is tough to cultivate good money management habits when you are older and more stuck to your ways and habits!
@judelen (428)
• Philippines
27 Aug 09
Hmmmm its seems that you are talking about investment. For me investment is good when you buy a lot, because it is sure that it will grow. Manage your finances is very crucial now a days you should see to it that it will work. May be my website can help anybody here about financial freedom. http://familyhealthbusiness.blogspot.com/
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