BY GOH KAIXUAN
Cultivating My Money Tree is a return to form as scholars embark on their quest to understand investments better with the aim of developing financial literacy.
Cultivating My Money Tree was held on 28th October 2021, over Zoom due to COVID-19 restrictions.
This 2 hour workshop was held in partnership with Mr Lionel Teo from Great Eastern Life Assurance. As a university student himself, Lionel was able to provide insights into investing as a student, making this workshop extremely relatable for our scholars. He simplified major investing concepts with the use of relatable metaphors and analogies, such as grocery shopping.
The workshop covered Index Funds, Mutual Funds, and a plethora of investment strategies, like Goals-based Investing, Dollar Cost Averaging, Core-Satellite Investing and Thematic Investing. In the second part of the workshop, the participants had the chance to deepen their knowledge through a hands-on activity. Each participant filled up an Excel File created by Lionel, which includes a questionnaire determining their Risk Appetite, Reverse Financial Calculator and Portfolio Management Template. It was definitely an enlightening session for our scholars as they learnt more about themselves.
Last but not least, there was a Kahoot! session at the end, which helped to consolidate the key learning points through active recall, and the top 3 scholars got to walk away with $10 GrabFood Vouchers!
Now that our scholars have learnt to cultivate their money trees, will you too?