If there is a perfect time to form a good habit, it’s when we are young – and this goes double for financial habits.
As part of our commitment to producing well-rounded, financially-literate members of society, we were proud to see the QIU Accounting and Finance Club (QAFC) join forces with Maybank to host an investing webinar for young people yesterday.
Titled ‘Investment 101’, the talk was hosted by Mr Mohamad Fairuz Izwan Bakri, Head of Youth Segment Marketing at Maybank – who enlightened the students on how to successfully invest and generate passive income.
Before proceeding with the investment tips, Fairuz explained what students needed to do before looking at investment. This included a self-assessment on their financials, the creation of emergency funds, and knowing their risk tolerance.
In addition, Fairuz stressed that young investors needed to set their investment goals and strategy – but noted that they should preferably pay off their debt first.
The participants were guided through the different types of low-risk, medium-risk and high-risk investment methods, with Fairuz providing the lowdown of each platform.
“When you’re making your first investment, it’s so important that you do your research. Don’t invest based on emotion,” he advised.
“Set a limit of how much profit or loss you can handle from an investment and stick to it.”
Wise words from an expert, and advice that we greatly appreciate. Thank you to Mr Fairuz for sharing your time and knowledge, and congratulations to the QAFC for organising a stellar talk!
