When it comes to financial ventures and investment, Malaysians are generally risk takers and tend to jump into something without being totally clear about investment methods, says KC See, a financial adviser and trainer.
Mr. See told The Epoch Times that Malaysians need to be more cautious when they want to invest their money.
“You shouldn’t learn how to make money by making mistakes, because if you make mistakes in the area of money and investment, it is very dangerous and can be disruptive,” said Mr. See, the CEO of MasteryAsia, a coaching organization.
"The correct way is to learn first, be familiar with it, and understand the different perspective before you go into it deeply," advised Mr. See.
Mr. See cited a survey undertaken by 660 Malaysians, which found that 90% are generally aware of the need to have more than one income. However, only 26% of them have achieved this.
Although Malaysians are generally willing to learn more and are risk takers, he further emphasized that people should not be seeking shortcuts and should not invest without proper research to avoid falling victim to schemes.
According to Mr. See, the best and most commonsense way for people to learn how to best manage their investments is to learn from the experts.
"Go attend a seminar, read a book, talk to somebody with experience. Learn that way, and only then should you invest your money," said Mr. See.
When it comes to his own investment, Mr. See does what he advises others to do. "I cannot be the expert in everything, so likewise, I need somebody who has lots of experience. I sit down with them and ask a lot of questions and listen to the person," he said.
His company, MasteryAsia had recently concluded the Multiple Source of Income (MSI) summit on March 12 in Sunway City, Malaysia. The summit brought together eight wealth experts to share their tips with more than 250 participants. All money from ticket sales was donated to the National Kidney Foundation (NKF) of Malaysia.