Fa Xian Xian Ji CIO Harvey Lee: The Best Time to Invest is Now
BEIJING, February 13, 2020 (Newswire.com) - Harvey Lee spent some time over the weekend answering various questions posed by investors in an impromptu Q&A session in Beijing, one of which addressed the importance of starting investments early. Lee, currently presiding as chief investment officer at Fa Xian Xian Ji (Beijing) Investments Co. Ltd., stressed that “there’s no better time to start investing. As the saying goes, the best time to plant a tree was 20 years ago. The next best time is now.”
Why should we start?
According to a report, published by Zurich Insurance Group and Smith School of Enterprise and the Environment at University of Oxford, which surveyed 18,000 working-age respondents in 16 countries, the number one concern was having enough money for retirement. Yet a large number of people do not have adequate savings nor any idea of how to prepare for their retirement. In fact, 64% of Americans will retire broke, according to the latest results from a GoBankingRates survey.
Given such grim figures, why aren’t there more people preparing for their retirement?
“For most people, especially in China, every day is a struggle to make ends meet or to pay the bills. Retirement is a concept that remains far away in the future,” explains Harvey Lee. As a veteran in the financial sector for more than 30 years, he has met plenty of people who faced the same concerns and has helped many people to start their investment journey.
It seems that there remains a common misconception about investments, as Lee stated bluntly, “A lot of people hesitate and never get started investing because they don’t know what to do and are afraid of making mistakes. They think that they have bigger issues to tackle right now so investment can wait. Well, the bigger mistake would be to not start, because the longer you wait, the harder it becomes. The key is to identify the right opportunity.”
As further vindication of Lee’s assertion, it does appear to be the opportune moment for stock investments. The U.S. stock market capitalization reached an all-time high in 2019, surpassing the 30 trillion USD mark, while global markets have also performed strongly on the back of the U.S.’s strong performance.
Fa Xian Xian Ji (Beijing) Investment Co. Ltd. was established in July 2016. As a leading investment and asset management firm in China, the company aims to achieve absolute returns for its clients in the China equities market with the aid of its predictive analytics technology, enhanced by artificial intelligence and quantum innovations, also developed by Fa Xian Xian Ji.
Source: Fa Xian Xian Ji
