The best investment anyone can make is in their own education. This can be applied to practically every single aspect of life. But for now, I want to focus on how we can use knowledge to help us when it comes to the world of investing.
It’s pretty common for people to assume investing isn’t for them, or that it’s something best left for the bigwigs on Wall Street. But most people make investment decisions every single day. Buying a house or a car are major investment decisions that many people make; so is deciding to save some of your pay or choosing how you buy something – be it through savings, on your credit card or through a ‘buy now pay later’ program. Even deciding who to bank with and where you put your super – they’re investment decisions too.
I bought my first equities with my dad when I was 16 after receiving some surplus funds from an AIS program I was selected in. I obviously wasn’t investing large amounts – and neither my dad or I had enough knowledge to invest large sums in direct shares (not that we realised it at the time). That experience, coupled with a desire to not be dependent on others, led me on an investment education journey that continues today.
I’m not suggesting investing in direct equities is for everyone, because it isn’t. But for those who are keen in expanding their knowledge on their financial health or investing, here are a few resources that might help.