7 Questions with Reshveen: Entrepreneurship and Investing 101 - Value Investing, Investment Strategies and More!
Reshveen is 23 years old and is the Founder of InvestingChamps Pte Ltd in Singapore.
He's also a Trainer at Value Investing College and is an International Speaker.
Reshveen is best known for his achievements of starting multiple businesses at the age of 23.
He started his businesses with the intent of impacting millions of lives financially, physically and spiritually.
He is also a very successful investor having built his portfolio to a six figure sum starting from only $5000 when he was 19.
His portfolio spans stocks, properties and commodities. Today he is an international speaker impacting lives globally.
Click Here to go to his website "Million Dollar Rush" for more info on what he does and his services!
1) In this gloomy financial market, what would be the best advice you can give to someone who doesn't know a thing about investing/ value investing, but who wants to get started at it?
The best advice I would give to anybody wanting to get started is to firstly invest in yourself by finding a mentor who has achieved success in the markets to get guidance.
The big issue I find with people who don't know anything is that they try to go onto the internet to figure things out themselves.
Although this is a good start, the internet is filled with so much information that most people would naturally get lost.
Invest in yourself. Stick to one method that suits your personality and do not get distracted.
2) What are the types of investments that you are investing in, and what tips can you share for first-timers who may want to follow your investment strategies?
I'm personally mainly vested in stocks and options.
I use "Value Investing". I invest for the long term and also use options for regular cash-flow.
I personally would recommend this book: "Gone Fishing with Buffet" as a starting guide for value investing. it is the book I started with myself.
3) What do you feel is the current culture in Singapore towards entrepreneurship and investing? How important is it that one gets involved in these two areas?
I feel that now more people in Singapore are getting bombarded with advertisements regarding trading or investing.
It's in our faces almost every single day. It is very important to get started but it is equally important to understand the different methods and what suits you best.
Entrepreneurship in my opinion is getting less popular as people want things given to them on a platter.
Entrepreneurship though is tough work and it requires grit and perseverance. Many people do try it out, but not many last for very long.
But ultimately I believe getting involved in either or both of these areas is of utmost importance as you would know that you simply cannot just rely on your job for income.