09 May '12, 6pm

Knowledge is key

Through interactions with some of my rich friends, I came to realise that no investors become wealthy through herd investing. In order to become a successful investor, we need to equip ourselves with the right knowledge. It is very important that you start your investment or wealth-building journey early on in your life because that will give you a headstart. But before you start splashing out money on various investment schemes, always always remember to build up your knowledge first. If you plan to invest in property, options, options, etc, attend courses and seminars to deepen your understanding on how these investments work. Read up magazines, books and online articles on investment strategies. Talk to people, listen to their tips and learn from their investment mistakes. In short, sharpen your knowledge on investment first before you start investing. Don’t be in a hur...

Full article: http://thefinance.sg/2012/05/09/knowledge-is-key/

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