Periscope
Tales of two young investors
A financial planner
Lee Ming-gin, a year-three quantitative finance student, says he finds a diversified, long-term, low-risk investment portfolio is more desirable.
¡§I only choose to buy funds, stocks and foreign currencies that I have done research on,¡¨ said Mr Lee, who has acquired financial knowledge and works as a part-time financial planner in a private company, a job that needs him to help different clients, including students, make suitable money plans.
He once made a profit of up to HK$10,000 from his investment.
¡§I think it is important to have a sense of long-term investment,¡¨ he said, adding that it was not wise to put all the eggs in one basket.
Still, he has lost some money, no more than HK$5,000 he said, in stocks.
¡§I hope that when I am 40 I would have saved HK$10 million and be able to afford a flat,¡¨ he said.
The student stresses the importance of financial planning, as his family suffered a big loss during the Asian financial crisis in 1997-1998.
He finds many young people lose money in buying high-risk, high-return investment products like warrants, options and risky stocks because they lack the knowledge on those products.
To make good investment decisions, he suggests young people to build up a habit of saving and to learn about financial planning in the daily life, such as paying attention to financial news and attending financial seminars.
