My Top 5 Reasons to visit INVEST Fair 2018

17 more days to INVEST Fair 2018!

 

I have been visiting, joining, participating in the INVEST Fair organised by ShareInvestor for many years. Personally, I feel that this is one of the annual events you should attend if you are newbies in investing, retail investors, seasonal investors, part time traders, etc.

The following are the top 5 reasons why I visit INVEST Fair every year:

  1. One Stop Shop Seminars: You can learn all different investing topics, market outlook, investing styles, investment opportunities, and many more in the seminars. You can check out all the seminar schedule here and most of the seminars are free. However, you may be overwhelmed by all these seminars and lost in this investing jungles. I will help you to identify which seminars you should attend based on your investing knowledge:
    1. For newbies: Start with REIT, Fixed Income Investing, STI and ETF related topics.
    2. For retail investors who have a little more time to trade: you may find any trading related seminars like CFD trading, Option Trading, Algorithm trading, etc.
    3. For high risk and sophisticated investors or traders: you will get some excitement in ICO, Private Equity, P2P lending, blockchain related topics.
  2. Special discounts for annual subscriptions: Sign up at ShareInvestor’s booth if you want to find the best deal in the term of subscription for both of their platforms and be sure to check out the new features that will launched during INVEST Fair.
  3. Place to ask Question for FREE: This is the place you can ask any general investing questions when you visit the participating booths. Get yourself educated for free in the INVEST Fair.
  4. Compare and find the investment courses which are suitable to you: Before you sign up any investing courses, make sure you ask yourself the following questions before swiping your credit card:
    1. Are the asset classes you are planning to invest suitable to your personal risk profile?
    2. Do you have time to do homework? Warning! There are a lot of homework to be done before you can invest or trade successfully!
    3. Do you have time to sit in front of computer to monitor the stock market and corporate news?
  5. New technology, New trading platform, New investment opportunities: You can find out all the new ideas in INVEST Fair. I believe most people heard of Bitcoin and cryptocurrencies but still do not have any idea what is this about and how it works, you can check out at Crypto Zone. If you believe SEA will be the next growth engine and want to find investing opportunities, you may find some gems in the ASEAN Pavilion. For savvy traders and investors, The Trading Zone is a good place for you to find out new technology, new trading platform, etc. If you still do not know what is Fintech (Financial Technology) and how Fintech can affect our lives, I have an article here “How Fintech is changing our Financial Life?” to give you an overview before you visit Invest Fair. You can see the Floor Plan below to plan your route and schedule.

 

 

By the way, I was one of the panellists of INVEST Fair 2017 on the topics “Investing in 20, 30 and 40”. You can view the past video by clicking HERE and you should be able to guess which age group I belong to.😊

 

You should be able to find me at the AKLTG (Adam Khoo Learning Technology Group) booth as I am currently one of the investment coaches for REIT investing and also Multi-Asset Portfolio Builder program. You can see my Educator Index at Inside Invest.

 

You can register the event by  clicking HERE or https://goo.gl/jPWHeu and enter promo-code MYSTOCKSINVESTING to have 3x chances to win the lucky draw.  We chat more if you can catch me at INVEST Fair, see you!

How Fintech is changing our financial life

Financial technology or FinTech is going to change our way in dealing in the financial world! No if, No But, the only question is how our life will be affected and when is going to happen!

So, what is FinTech? FinTech is the short form of Financial Technology. FinTech is transforming the financial services in a way we have not seen before. In a very layman term, any services on how and where we use our money or any financial services will be impacted. Everything will eventually become faster, cheaper, simpler in our lives.

Below are some examples how our daily life evolves in future.

  • Mobile Banking:  The smartphone is becoming our bank.  People can consume financial services on the go. We no longer need to queue at the ATM machines or visit the bank branches for transaction.
  • Cashless transaction: We no longer need to bring money, credit card and even wallet. Our physical wallet will be replaced by digital wallet or e-wallet in the Mobile phone. This digital wallet or e-wallet is basically an apps to link to our bank account. Cryptocurrencies like BitCoin, Etherium, Ripple may be the currency in the very near future.
  • Cyber connectivity: The Internet has compressed time and space.  Interaction is real-time and unconstrained by physical boundaries.
  • Unlimited Brain Power and Storage: Don’t worry about our memory power when we are aging. We have unprecedented computing power. The devices in our hands or on our wrists are our 2nd brain that pack more data and more processing power than super computers just a couple of decades ago.
  • Big Data / Cloud Computing / Artificial Intelligence: You are going to hear all these alien words more and more frequently.

 

While there are so many advantages FinTech can bring to us. This new technology also brings another type of risks or threats. As every data is stored in a cloud system, cyber risk like data breaching become the biggest threats. The recent hacking of the SingHealth’s patient data is a very good example. The following are the risks we have to be aware off:

  • Personal Data / Privacy Breach: Ranges from our bank account, where we stay, what we do, how many properties we have, employment income, investment, etc.
  • Location Traceability: As we are connected through internet all the time, our location, our movement, our favourite visiting places are easily exposed and we can be easily the targets of the criminals.
  • Cyber Theft: As our digital currency and our investment are all stored in the cyber space, all our assets could be stolen easily if there is any successful hacking.

 

There is no way we can run away from this FinTech Revolution, we just have to get ourselves prepared to embrace FinTech and use FinTech to improve our productivity in everything we do. You may want to learn more about FinTech in the coming Invest Fair 2018 on Aug 25 and 26. Look for the FinTech Zone in the Invest Fair to learn more about the Digital Exchange, Crowd Funding and how the Wealth Management scene embraces FinTech. You can register the event by clicking HERE and enter promo code MYSTOCKSINVESTING to have 3x chances to win the lucky draw.

 

Register here http://sg2018.invest-fair.com/register

 

 

Invest Fair 2017: Investing in 20s, 30s and 40s

I was invited as a panelist to share my investing experience at Invest Fair 2017 at Suntec Convention Halls last Sunday, together with Jes (SimplyJesMe), Brian (ForeverFinancialFreedom) and Alison (Heartlandboy) and Mark Cheng (Moderator from MoneySmart). The topic given is Investing in 20s, 30s and 40s, and looks like I was invited to represent the 40s and retirees because the other 3 panelists are in 20s and 30s.

 

We were given a set of questions for the penal discussion. I think it is good to share My view and My Experience here as many of you do not have chance to attend Invest Fair last weekend.

 

 

Question:

Investing varies at different stages in life. How would you describe the differences of investing in 20s, 30s and 40s?

Kenny:

  • In general, I would love to split into 2 different strategies: Wealth Accumulation (early stage) and Wealth Preservation (retiring stage). The portfolio is different with different asset classes, allocation and risk profiles. In the early stage where wealth accumulation is the focus, one can have higher allocation to higher risk type of asset class which give high capital appreciation and growth like equities or commodities.
  • In the retiring stage, capital preservation has to be key focus whereby higher allocation to income producing assets like Bonds, Dividend Stocks or REIT (Real Estate Investment Trust).

 

Question:

Investing in 20s:

As most people just start to get in touch with investing, how should one educate themselves on investing and the fundamentals of financial planning?

Kenny:

  • In general, I find that there is a lack of financial literacy in Singapore. If given a chance for me to start all over again after I graduated from the university, I would like to find an experience mentor to guide me on the Life Stage Financial Planning Process and invest in myself to equip myself as much financial knowledge as possible. I have wasted the first 15 years since graduation losing money investing into something I don’t understand like Time Shares, Land banking, oversea properties, Singapore S-chip, Singapore blue chip (Creative Technology, Chartered Semiconductor, etc).. Basically I have wasted my previous time and my money doing trial and error and give hefty tuition fee to the investment world.
  • In summary, I would suggest the following:
    • Attend financial planning classes which is not taught in the school. Start early and start with right knowledge. Learn as much as possible before investing your first dollar into anything including insurance, endowment, ILP, all sorts of investment products.
    • Get an experience mentor who have lost money before… not the mentor who tell you how to make money easily and sell you the dream.
    • Don’t fall into Get Rick Quick, Retire Early type of investment or trading seminars.
    • Get Real if you want to invest properly. There is No free lunch and you have to work hard for it. Forget about all the free investment tips. Why should people tell you free tips and make you rich? Why don’t they just keep the tips themselves so that they can become millionaires themselves?

 

Question:

What are the type of investment beginner should look at and what is the appropriate amount to start investing?

Kenny:

  • Blue chip Dividend Stocks, REITs, Unit Trust, ETF. You have less probability to lose 100% of your capital.
  • Start Small…. Learn from the mistakes when you lose money. You can start as low as $100 every month investing in Unit Trust and ETF which offer good diversification.
  • Losing money is part of the learning journey. Accept it, learn from it and manage it.

 

Question:

How can one determine the right form of investment when they are just starting out?

Kenny:

  • Understand the products before you invest. Don’t invest in something that you don’t understand.
  • Ask what is the maximum amount you are going to lose if something goes wrong.
  • If you cannot stomach the maximum loss, the investment is not suitable to you.
  • Have a right investment mindset: Prepare to lose everything when you invest. Nothing is guaranteed in the investment world. If you come across any products which give you guaranteed return, READ the FINE PRINT. There will probably have some conditions imposed in the product like hard lock period, penalty on early redemption, etc.

 

Question:

Investing in 30s

Most people would say that 30s is the best time to take risk, what are your view on this?

Kenny

  • There are always risks in investing. No investment is guaranteed in this world. Risk Management is one of the important skills one should master before investing. Invest in something that you can sleep well at night and can afford to lose.  A sole bread winner in 30s who needs to support his / her family, children, elderly parents without any insurance protection is not suitable to invest in risky asset classes with lock in period. Everyone’s risk tolerance is different at different life stages.

 

What form of investment should someone with prior investing experience consider at this stage?

Kenny:

  • Go for something liquid with no lock in period as there are a lot of uncertainties at this stage of the life. E.g. Marriage, Child birth, purchase house, taking care of elder parents, stress in career, setting up own business, etc. This tests your money management and risk management skills as one have different roles as Parents, Children, Spouse, Boss, Employee, etc.
  • If something goes wrong, one has the flexibility to liquidate your investment and re-deploy your resources to something more important and urgent.
  • Summary: Focus on Investment Risk Management in terms of Liquidity & Flexibility.

 

Is there any precaution one should as there many huge expenditures occurring at this stage in life such as marriage, purchasing houses, childbirth etc.

Kenny:

  • That’s where the Personal Financial Planning is very essential at this stage of life. I learn this financial planning process through my real life experience. I wish I have learnt this through a proper financial planning course at early age to avoid making unnecessary mistakes and wasted money to rectify those mistakes. I paid for unnecessary insurance premium, paid unnecessary interest to the banks, and even at one stage my wife had to borrow money and sold her gold jewelries to raise cash as we faced short term cash flow problem due to over leveraging of loan.
  • I shared some good financial planning practices here (very important to plan in sequence):
    1. Set aside minimum 6 months of emergency funds
    2. Get yourself and your family well protected for any unforeseen event like death, accidents, critical illness, hospitalization, lost of income due to disability, etc. If you don’t have sufficient insurance protection, your investment will be very vulnerable. E.g. One critical illness medical expense can wipe out your whole life saving / investment or even cause financial burden to your family. Be responsible and don’t pass your liability to other family members.
    3. Only invest your excess money after you have done the above 2 steps.

 

Question:

Investing in 40s

This is the stage when we are reaching retirement age, how should this affect our assets management and investment portfolio?

Kenny

  • We have to prepare for loss of jobs and reduce in income.
  • We also start to visit hospital or clinics more for ourselves and taking care of our elderly parents. Hospital will probably one of the most visited places for the rest of our lives from now onward.
  • As there is no certainty of our income and also we are not able to anticipate what will be the medical expense which may shock us, Capital preservation is the top priority. We just cannot afford to lose our hard earned money from the past 15-20 years. One wrong investment mistake will wipe out all our saving and we don’t have time and energy to recover.
  • This is the age we have to be defensive in our investment and avoid dreaming to chase for higher return if you cannot afford to lose your retirement capital. Thus, I would suggest to have higher allocation to Income generating Assets like Dividend Stocks, REITs and Bonds, non stock market correlated type of Multi Asset Classes (e.g. air craft leasing, solar farms, invoice financing, healthcare royalties, mortgage financing, re-insurance premium, student accommodation, etc)

 

What are the factors one should consider to ensure they can retire promptly?

Kenny

  • Protect your capital at all cost. This is not the time to chase for additional returns.
  • Portfolio should be defensive in nature and lower volatility through a very well planned diversification across different asset classes with minimal correlation.

 

How can one finance for the next generation?

Kenny:

  • Estate Planning is important if you don’t want leakage to your assets. It is no point you have spent your whole life accumulating your wealth but you do not plan for a proper hand over to next generation.
  • Our Estate does not equal to our Asset when we pass on because we may pay more taxes, legal fee, or we have to liquid our investment at the wrong price (e.g. market crash)

 

Conclusion

What other advice can you provide to the audience with regards to investing, regardless of their stage in life?

  • Focus on Financial Education, it is a life long journey as there are many complicated financial instruments out there. We have to understand Pro & Cons different types of asset classes and how they generate returns. If the product is too good to be true, it probably it is.
  • Choose investment which is suitable to you (ie. can sleep well) but not only looking at the return.
  • Learn how to differentiate investment scams and genuine investments. Some common traits of the investment scams:
    • Low investment amount to participate
    • Offer High Returns
    • Posh Marketing website and seminars at the hotel
    • You can make additional money by referring your friends and families.

 

See the recorded panel discussion here.

 

Original post from http://mystocksinvesting.com

Check out coming seminars at http://mystocksinvesting.com/events

Investment Portfolio Advisory

How your Asset to be Distributed After Death without a Will?