Family & Friends

When I first started this investment journey for GL I tried to ask my family and friends when or what or how they invest to gauge where I am at. My family do not invest at all while my friends invest uniquely in their individual ways 3, in particular, what caught my attention was the first friend who uses robot advisor StashAway and SFYE which he started last year and has not made money, in fact, it is losing some money. He has also invested by depositing into his CPF special account for retirement. My second friend is using Tiger Brokers to trade in equity and is also losing money. My last friend trades NFT and crypto but this investment approach is harder to judge due to its volatility but he himself feels that he is breaking even, since he started in 2020.

Reflections:

Though all 3 of them have lost some money they claim they had no regrets, in fact, they are very optimistic saying that they had learned a lot by participating in investing themselves rather than just watching other people invest/trade. Most of them are also holding those investments for longer terms rather than short term thus over time hopefully the price will be revered especially due to the current circumstances of 2021 and 2022.