Gaining insights to investing

BT-Citibank Young Investors’ Forum
Published August 31, 2009

One of the five main speakers, Lumiere Capital fund manager Wong Yu Liang, said that it was important for youths today to be knowledgeable about investment management.

'Compounding is an often overlooked aspect of wealth accumulation. Having a sensible investment approach that delivers a positive return, coupled with the power of compounding, is what will create wealth in the long term,' he told BT. 'This is especially applicable for youths who have a long investment timeframe ahead of them.'

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Everyone should have at least a basic knowledge of investment management, said Mr Yee. 'It is a critical part of a person's skill set for life. Too many people focus on the income generation part of knowledge, at the expense of not knowing enough about the cost optimisation and investment management aspect.'

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