Sean: OK. If someone is interested in trying out multiple investments, which one would you recommend?

Karlo: What we always say to our clients as financial planners, is to always invest in an instrument that you understand, do not invest in something that you understand because there are a lot of platforms at this point in time. There are a lot of new platforms that are upcoming, and many people are hyped about it. But that is what we're trying to avoid, it might be a good platform but if you don't fully understand it, you might lose money. So you need to understand a particular investment first.

Karlo: I suggest, starting with a simple one, of course before investing, you need to have an emergency fund. You need to have protection from life risks. So we are teaching it on a step-by-step approach because what happens Sean, is if we dive in investments right away without savings or protection, we might really lose our money because there are risks involved in investing. But once you understand a particular platform, for example, you understand mutual funds, stock market, or even cryptocurrency, you have some parameters. You have some strategies when to cut the loss or realizing game. Maybe you can do it one step at a time.

Karlo: So investing you should focus first on one platform and then eventually you can diversify because diversification is very important to manage the risk. Because our goal is to maximize profits and minimize the risk. Nowadays, a lot of people are being hyped. For example, there's a newly launched platform, people say "let's invest in that, we'll become rich for sure." But that's not really investing, we need to know that there are risks involved, and I know a lot of people who already lost their money because - first, that person did not understand the platform. When investing, it is important to study the platform, once you have a certain volume, maybe you can go for the next platform.

Sean: Yeah, completely agree. In my opinion, one of the easiest ways to start for me is the stock market. Easiest because you can do it yourself, there are so many resources out there. I personally learned from Marvin Germo. I attended his Stock Smarts seminar when he was doing it live, I'm a big fan of his work, his books, and I cannot recommend him enough. Like, if you want to learn about stocks, he is the go-to guy, and the technical and fundamental analysis that I know now is because of him.

Sean: Right now, stocks are doing better - earlier this year. So if you're starting out, now's a really good time. But also invest first in herein, what you know, how much you know about the platform, right? If you're going to trade stocks. Study fundamental and technical analysis first. Don't just buy stocks because someone told you to buy stuff. Crypto is very high risk. 

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