Investing and stock market tips from Queenie Tan: Finance and financial hacks to save in 2022
A $500,000 finance pro shares the ONLY investment advice she swears by when the stock market turns volatile and ‘scary’
- Queenie Tan, from Sydney, has an exceptional net worth of $500,000 at just 25
- On Instagram, she shared an interesting take on investing in real estate
- If the value of a house could be easily verified, people would probably sell or buy.
- This year, investors sold stocks due to a market decline
- Queenie is a long-term investor who learned to avoid checking her portfolio
A young finance expert with an impressive net worth of $500,000 has urged Australians to stop checking their investment portfolios every day as the market becomes more “volatile”.
Queenie Tan, 25, from Sydney, said with rising stock market volatility, panicked Australian investors were selling their stocks to avoid losing more money.
As a long-term investor, Queenie instead avoids checking daily fluctuations and always invests for a minimum of seven years; she remembers it when the market is “fearful”.
She also doesn’t check the performance of her stock portfolio at all and only invests the money she can afford to lose.
Finance guru Queenie Tan, from Sydney, (pictured) said if the value of a property could be easily checked people would likely sell or buy more frequently
“I don’t invest the money I need to live on and I have an emergency fund and spare money so I don’t need to sell my investments when the market is down” , she wrote.
‘Imagine if you could check the price of your property every minute like you can with stocks and cryptos. One day you win $10,000 and another day you lose $50,000,” she wrote.
Queenie and her partner Pablo, 30, bought their first property together in 2019 worth $500,000 with a down payment of $100,000.
Queenie and her partner Pablo, 30 (pictured, right) bought their first property together in 2019 worth $500,000 with a $100,000 deposit
“There would probably be a lot more people buying and selling goods! »
They hope to buy a second property in Sydney in the future.
In her “emergency fund,” Queenie has between three and six months of her income saved in addition to her cash savings.
“We have a $30,000 emergency fund, which means if we stopped making money, we could live for six months,” Queenie said in a TikTok video.
“An emergency fund is three to six months of living expenses saved in cash in case something unexpected happens.”
In her ’emergency fund’, Queenie has three to six months of her income in addition to her cash savings
In the comments to the social media post, others agreed with Queenie and are also avoiding checking market prices.
“This is a great way to change the way you think about your wallet – it would drive me crazy to know the price of my accommodation on a daily basis,” one person wrote.
‘Wish I had more money to buy more,’ said another, a third added: ‘You always hit the nail on the head.’
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