Learn about investment mindsets, setting financial goals for yourself and your family, and other personal finance tips as a parent.
Young Singaporean families have different personal finance considerations when it comes to managing downside risks and long term investment goals. Also, being time-strapped as corporate individuals, they have limited attention and energy to spend on researching and executing investment initiatives to better plan for family finances.
During this session, You Ning, Endowus Co-CEO and CFO, together with Dawn Fiona Cher, SG Budget Babe, share their changing priorities as they set their financial goals as young parents. They also share insights on how to maximise government grants for children, and how they execute their strategies despite their busy schedules - to invest for a better tomorrow.
3:02 Overview of topics
5:24 Protecting of your financial downsides as a parent
10:04 Inflation risk as a financial downside
11:05 Financial goals as a parent
16:40 Dawn's money experience growing up
21:11 How much money do we need for retirement?
24:55 Being discerning about tips from forums and social media
35:30 Topping up your kids' CDA as a priority
37:05 Start investing early; how cost matters
40:48 Stock picking and active investing as a parent
47:08 Passive investing as a parent
51:02 Time in the market versus timing the market; diversification
58:20 Setting investment goals for children