Spreading his passion for investing, senior Felix Peng recently appeared in the Wall Street Journal, in recognition of his achievements in stock investments.
Peng first developed his interest in investing when his dad helped him open up a custodial account: an account that is set up and managed by an adult for a minor. As for his inspiration for investing, Peng looks up to people such as his dad and Young Investor Society (YIS) club advisors including Mr. Pierce and Mr. Mair. They’ve supported him in his community giving him a lot of opportunities to further his interest.
“Mr. Pierce has guided me through learning how business works, Mr. Mair has helped me analyze financial statements as a former accountant. I also use websites like Investopedia to understand complex topics in finance,” Peng said.
Peng first invested his money into the few well-known companies he liked such as Microsoft, Minecraft and McDonald’s. He picked the stocks that were his favorite companies at the time.
“I started to put money into companies I really didn’t have a connection with, in hopes of making it big, but that didn’t work out well because I didn’t truly understand how the companies worked, ” Peng said. “Now, I know what I invest in and invest in what I know and trust.”
The Wall Street Journal first reached out to Peng on Jan. 30, requesting an interview that talked about his personal journey of investing, as their article was on the growing number of custodial accounts in 2024.
“The interview was online, and it was great talking to the author of the article and answering questions about how I got into investing,” Peng said.
When Peng joined YIS during his freshman year, he was taught lessons on long term investing and personal finance, leading him to getting more involved with the organization. Peng says his greatest achievement so far is being persistent in his hobbies for investing.
“By getting started this early, I’m setting myself up to have more time in the market, and if I’m able to stay consistent, then that’s where the big returns are,” Peng said. “One of the most important things about investing is to never stop learning.”
Peng’s future goals consist of continuing his passion for investing in stocks, regardless of his career. He is still unsure of what he wants to do in terms of his major.
“My strategy may change as I learn more and more; I might take more risk, less risk, use different resources, but something that will remain constant is that I’ll always be learning,” Peng said.
