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Anonymous

16 Nov 2019

โˆ™

General Investing

How can I convince my parents to let me start investing... they keep all my savings since I was young and refuse to let me invest?

Discussion (6)

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Lim Chun Long Jimmy

16 Nov 2019

Co-founder at PolicyWoke (Traded Endowment Policies)

https://gobear-personal-finance-masterclass.pea...

One way I can think of, is for you to register and attend a Personal Finance Masterclass via the above-mentioned link, and ask your parents along. This way, you can have family bonding and also for your parents to see where else you learn personal finance from, so hopefully they will decide whether to let you invest on your own or not.

HC Tang

10 Apr 2019

Financial Enthusiast, Budgeting at The Society

Well, like how a business founder trying to get funding, treat them as investor and try:

1) Do research and proposal of investment, support with evidence and statistics, historical proof that the investment that you wanna do can make $ in order to convince the "Angel investor" ๐Ÿ˜„

2) Show them your cost and projections, like how much you intend to invest and by when it can make $, how much you can make etc.

Finally, start small and aim for the 1 year type first to show results. As you show evidence and proof that you're able to handle $ to invest, they will slowly start to trust you and allow you to invest.

All the best ๐Ÿ˜ƒ Cheers ๐Ÿ‘๐Ÿ˜ƒ

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