Finance pro worth $500,000 shares the ONE piece of investing advice she swears by when the stock market becomes volatile’ and ‘fearful’
- Queenie Tan, from Sydney, has an outstanding net worth of $500,000 at just 25
- On Instagram she shared an interesting take on investing in property
- If the value of a home could be readily checked, people would likely sell or buy
- This year investors have been selling stocks due to a decrease in the market
- Queenie is a long-term investor whose learnt 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 stock market volatility increasing, panicked Australian investors have been selling their shares to avoid losing any more money.
As a long-term investor, Queenie instead avoids checking the daily fluctuations and always invests for a minimum of seven years; she remembers this when the market is ‘fearful’.
She also doesn’t check the performance of her stock market 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 readily checked, people would likely sell or buy more frequently
‘I don’t invest money that I need to live and I have an emergency fund and cash saved 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 crypto. One day you’re up $10,000 and another day you’re down $50,000,’ she wrote.
Queenie and her partner Pablo, 30, bought their first property together in 2019 worth $500,000 with a $100,000 deposit.
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 property!’
Why is the stock market crashing right now?
There is never a singular answer for why markets do what they do, why stocks rise and fall, or why investor sentiment changes from one day to the next.
With that in mind, maybe the best explanation of what’s going on right now is that there are a lot of reasons for investors to be freaked out, and so they are.
A mix of factors contribute, including inflation, rising house prices and global events.
They hope to buy a second property in Sydney in future.
In her ’emergency fund’, Queenie has between three to six months’ worth of her income save in addition to her cash savings.
‘We have an emergency fund of $30,000 which means that if we stopped making money, we would be able to live for six months,’ Queenie said in a TikTok video.
‘An emergency fund is three to six months of living expenses saved in cash just in case something unexpected happens.’
In her ’emergency fund’, Queenie has between three to six months’ worth of her income save in addition to her cash savings
In the comments of the social media post, others agreed with Queenie and also avoid checking market prices.
‘This is a great way to shift the way you think about your portfolio – it would drive me crazy knowing my daily house price,’ one person wrote.
‘I wish I had more cash to buy more,’ another said, a third added: ‘You always hit the nail on the head.’