When advising on investing in unit trusts, one of the most common 'objections' we receive is, “But the stock market is turning bad or the stock market is very high now”. Is this really a good indicator of when or whether an investment should be made?

Smart Investor magazine asked me to give my opinions on financial planning for the budding 20s. Here are my views, addressing these questions:-

• What should their financial priority be? 

• What can they invest with a limited amount of capital?

• Would an investment-linked insurance product be beneficial for them at this stage?

• Being young and full of energy, should they take on more jobs or seek more avenue to build their income so that they can invest more?

I came from the music business. I knew nothing about planes. To all the entrepreneurs out there, you don’t need to know everything about what you want to do. It’s all about the idea, it’s about passion, it’s about implementing it.

I was once asked, “Should I take a loan from the bank to invest in unit trusts? Afterall, they’re offering me a low rate of only 3.75% for 5 years” Should we or shouldn’t we?

Money is important but don’t let it affect our relationships with our spouses and children.

Why are we losing money making these small mistakes?

Even though stock markets have been around for years (or maybe it’s because they have been around for so long) investors have perpetuated a collection of false notions about what goes on there. Unfortunately, some of these myths have become so ingrained that many consider them to be true. But believing these untruths could damage your wealth!

How many years will the tenure of your loan increase if the BLR increases? (assuming instalment payment remains the same)?

There is no lack of advice on why and when we should buy unit trusts. However, when it comes to selling or redeeming them, getting the right timing and the reasons for doing so may prove to be a difficult task.