Financial tips for tertiary students
FOR fresh graduates, their biggest advantage when it comes to financial security is compounding.
Compounding is the ability of an asset to generate earnings, which is then reinvested to generate more earnings. For this to work, it requires two things; the reinvestment of earnings and time – both of which are within the reach of fresh graduates.
“Know the power of compounding because that is your biggest advantage when you are young,” said Bursa Malaysia executive vice-president of market development, securities market Shahrul Amry Abd Malek.
Shahrul shared his tips when delivering the opening remarks at the UCSI University’s Bursa University Day that took place on campus recently.
The event was organised by students of the UCSI University Bursa Young Investors Club in collaboration with Bursa Malaysia.
It aims to connect youths to financial and investment experts, in order for them to gain financial insights in a creative manner. In addition to Bursa Investor Education Workshops, the event also showcased talks and financial tips by various finance professionals.
More than 600 students from public and private tertiary education institutions attended the event.
UCSI University deputy vice-chancellor (Academic Affairs and Support) Prof Datuk Dr Ahmad Zainuddin, said it was the students’ passion for finance which led them to organise the event.
One of the most popular slots of the day was an interactive session with Thriving Talents founding director and lead trainer Michael Teoh. Teoh who is also a successful entrepreneur, spoke on his investment strategy. There are currently 15 Bursa Young Investors Clubs in private and public universities around Malaysia. Bursa Malaysia vice-president for investor education Warren Mak said the UCSI event was well-organised.
“There is a fantastic mix. We have nearly an equal number of participants from UCSI and from outside universities,” he said.
Bursa Young Investors Club president and third year Finance and Investment student Chai Kin Onn began investing when he was 19 and decided to share his interest by organising the event.
“I set up the club to share tips from professional investors with the UCSI community of students,” he said.