SINGAPORE – Mr Mirza Rusyaidi Juraimi @ Zhi Wei, 18, and Ms Shevarnee Kannan, 19, started investing in stocks and cryptocurrency two years ago, midway through their teenage years.
Studying business in polytechnic gave them a headstart in understanding the complex world of investment and Bitcoin, but they said they still have more to learn, especially in assessing how some actions can lead to losses.
On Sunday, making wiser decisions with money was among the topics they and about 500 young people learnt at a networking session with local financial advisers.
The event at The Grassroots’ Club in Ang Mo Kio kicked off a financial literacy programme by brokerage CGS-CIMB Securities to help young people, lower income families and senior citizens within Sembawang GRC learn how to invest, navigate the high cost of living amid inflation, and guard against scams.
Surveys have shown that more than 50 per cent of Singaporeans feel that they do not know enough about financial literacy, said CGS-CIMB Group chief executive Carol Fong.
The programme will run for three months in the Sembawang, Admiralty and Woodlands areas before expanding to other neighbourhoods.
Health Minister and Sembawang GRC MP Ong Ye Kung said at the session: “Always remember, good things come with bad things. When it comes to investing, the bad thing is risk and the good thing is reward. You want to earn more money, you come into the risk of losing all your money.”
The event was also attended by the other…
