Schooled in financial management

Schooled in financial management

When people learn that I am an old hand at financial reporting, somehow we end up talking about investment opportunities.

So recently, when I got an award from the Securities Investors Association of Singapore for outstanding commentaries, I was not surprised to find a note from an old classmate that ran as follows: "Eng Yeow, we have been reading of your broad-strokes so far.

What we need is some hot tips, please."

I had a good laugh over his plea. Seriously, those who follow my columns will know that I consider making sound investment decisions to be extremely hard work which involves plenty of patience and research.

What I can safely say, however, is that having practised what I counselled in my columns, I have been able to build a nest egg in blue chips whose value has grown over the years as their fortunes brighten.

And to offer readers a handle on how I did it, I have compiled some of my columns into a book Small Change: Investment Made Simple. It is due to hit major bookshops in the new year.

In order to build a nest egg, there is no easy way out. A person has to get his basics right first - learn where his money comes from, whether it is from his salary or other sources of income, and how he is spending it.

A recent survey of more than 1,800 people commissioned by the Monetary Authority of Singapore shows that Singaporeans are generally quite careful about their finances. About 80 per cent save some money each month and 86 per cent do not like taking on debt.

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