Me & My Money

Embracing a long-term approach to investing

Be familiar with what you put your money into and don't be impatient, says financial advisory firm's CEO

Mr Ronald Tan with his father Tan Siak Sin, 73, wife Janice, daughter Amber and son Abel in their Kovan home. Mr Ronald Tan believes it is good to have a mix of long-term, medium-term and short-term investments, and his diversification is objective-b
Mr Ronald Tan with his father Tan Siak Sin, 73, wife Janice, daughter Amber and son Abel in their Kovan home. Mr Ronald Tan believes it is good to have a mix of long-term, medium-term and short-term investments, and his diversification is objective-based.ST PHOTO: GIN TAY

Financial services professional Ronald Tan learnt the hard way when he was young that he had to be disciplined with his finances.

His family of five struggled through the recession in the mid-1980s, when his father lost his job and was forced to drive a taxi to help make ends meet.

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A version of this article appeared in the print edition of The Sunday Times on September 29, 2019, with the headline 'Embracing a long-term approach to investing'. Print Edition | Subscribe