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Risk appetites stem from many factors, ranging from age and gender to family background and experiences. Understanding the biases behind your investing behaviour could save you a pretty penny.
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Jude Chan
AN early start in her investing journey has done wonders for Michelle. At 40, the former banker has stopped working and spends her time “mostly travelling”.
Her secret? “I started saving and investing in my 20s, so it’s not overnight,” she said.
Michelle is a member of the small but growing “Fire” movement. The term is an acronym for “financial independence, retire early”, and is a lifestyle movement rather than an investing strategy: Maximise your savings and invest aggressively, with the objective of generating sufficient passive income to become financially independent.
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