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
1:05:22 QnA
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Investment involves risk. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Past performance is not an indicator nor a guarantee of future performance. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.
Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endow.us Pte. Ltd (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus Pte. Ltd., its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.
