Virtual Debate Competition - Session 3 30/3/2021, Tuesday Time: 10AM – 11.30AM

[Music] [Music] do [Music] me [Music] so [Music] so [Music] [Music] [Music] my [Music] so [Music] assalamualaikum hello and a very good morning i beat everyone before we officially begin our events i would like to start off with a short briefing on some housekeeping and friendly reminders to all our guests today i believe many of us are familiar with the zoom virtual room environment but nevertheless i'll still give a simple briefing that may benefit those who are new with the zoom firstly make sure your mic is muted you can see the microphone icon at the bottom at the on the button at the bottom left of your screen and that's where you can control your microphone setting i would also like to ask everyone to turn on your video during the group photo session that will be held later just click the start video button on the left bottom of your screen next you can click the speaker view on the button at the top right corner to focus on the current debater who is speaking regarding the q a session and this may concern our debaters if you have any questions that you would like to ask a drupal privacy message co-host using the chat board that you should be able to see on your screen the debaters must rename their names according to the university quotes given before the debate session starts now let's have a look at our agenda so we believe the event today will run smoothly and as planned so 9 45 will be admission 10 am will be welcoming remarks by mc 10 5 a.m multimedia and video presentation from sponsor 10 10 briefing by mc 1015 introduction of fennel judges and participation briefing by mc 1015 introduction of penny judges and participation 10 20 am off should begin my media career debate with first athletic debater 10 25 am first opposition debater 10 30 am second affirmation debater 10 35 a.m second opposition debater 10 40 am third affirmation debater 10 45 am third opposition debater 10 50 am conclusion of the mission debater 1055 conclusion opposition debater 11 am break 11 5 a.m judges comments 11 15 photo session 11 20 closure remarks by mc and 11 25 the program ends alright that's it for the housekeeping on behalf of the joint organizers yule money and max capital management mcm supported by the male by the malaysian literacy in financial education association my life with media partners mani compass and chile wang i would like to wish a warm welcome to our honorable guests media friends ladies and gentlemen welcome to the my malaysia virtual debate competition session 3 with the topic the fomo and yolo mindsets are helpful for the young investors my name is nadra and i will be your mc for today for those who are joining us on our facebook live and also on our sme faire platform hello and thank you so much for joining us i would like to give a special acknowledgement to canaanite investors braha the platinum responsible for one of our malaysia career e3 ebay competition all right everyone let's watch a multimedia presentation of the platinum sponsor before we proceed to the main agenda [Music] do [Music] i hope you have enjoyed the video presentation before i begin our debate competition today i would like to be on a location of time and speaking order of the debaters debate begins with the affirmative team the team that supports the topic presenting the arguments followed by a member of the opposing team this pattern is repeated for the second and third speaker in each team finally each team gets an opportunity to conclude their arguments speakers should speak slowly and clearly the judges and members of the audience should be taking notes as the debate is in progress all partisan all participants will get a total time of five minutes there cannot be any interruptions if there are any technical issues faced by the current beta which speaking during his or her turn one of his or her teammates can help to replace the debater to proceed to talk about his or her agreement point after four minutes the mc will give a reminder to the debater and after that the emcee will remind again for the final remaining one minute to the debater for him or her to finalize his or her agreement any participants exceeding the time limit of 5 minutes will get negative marks this debate tournament is conducted entirely online on our online platform zoom accompanied with a working microphone and webcam is required it should be tested in advance by participants participants must have reliable internet connection all debates should be visible on camera at all times during preparation time current speakers should be visible and clearly identify on camera while speaking microphones should be muted while each debater is speaking to minimize noise interruptions the dress code is formal wearing a dark or black color blazer the male participants must wear a dark colored tie now i would like to introduce the six final judges of the my malaysia virtual debate competition our first chief final judge is miss emmys yolk second judge is mr lucas wong our church judge is miss constance westwood first church is mr steve two fifth judge is miss joslin finally our sixth judge is dr chrissy now i would like to introduce our debaters from ministry technology marayu itm will be the affirmation team and multimedia university mmu who will be the opposition team during the debate competition the affirmation debates from uitm are no shahira binti mama anwa muhammad shahrukh bin zayn udain and sharifah nabillah sheid hassan meanwhile the opposition debaters from mmu are lin young khalid fayyas muhammad and unko alright everyone moving on to the next agenda now we will officially begin my malaysia carrier e fair debate with first affirmation debater nur shahira binti mohammad anwa to present her arguments supporting today's debate topic so nusharya you may start now okay my turn starts in three two one assalamu alaikum ladies and gentlemen this house believes that fear of missing out and you only live once kind of mindset indeed can be harmful to young investors and first of all first and foremost what is fomo and what is yolo i bet everyone knows right and let's just make it clear on the definition so basically fomo is when you're afraid of being left out that makes you feel uneasy to a point where you have to do it and if not will drive you crazy so you don't care about the consequences and the only thing that matters is that you will feel like you are part of the one who don't mess up while yolo means expressing the view that one should make the most of the present present moment without worrying about the future and often uses as a rationale rationale for impulsive or restless behavior so in simple term this kind of mindset influences your decision making even if it jeopardize your whole well-being why are we being why this motion is being debated today this is because uh this statistic shows that young investors are more prone to enter the world of trading but however are they well equipped and most of them do not have sufficient knowledge and time to focus more on the final goal rather than the journey itself this is when yolo and former mindset are set into play to do a lot of damage when relies on their luck emotionally where this could end in only three different ways so whether you lose off you break even or big win baby and when in fact the weird way of trading involves fundamentals and what are the fundamentals so knowing the basics of investing keeping track with the economy relying with the current news and etc as the government we support that fomo and yolo mindset is very harmful toward young's investors who are below 30 years old that specifically involved in malaysia as stated by security commission leisure which the retail investors by having this kind of mindset malaysia will create the generation of kali's investors who like intellectual skills which we already know that intellectual skills are very paramount in conducting trading activities as they need to analyze the technical graph of the trading news of the current situations even in the knowledge of investments if they turn a blind eye over this issue it may affect the quality of the individual's decision making which can result in three different possibilities just like what i said and firstly you can score big or break even but the worst is you lose all your money and at the end of the day they're just waiting for the sickness to buy or sell from god but not from the guidance of your own intellectual the government we have a solution to this problem we require universities to make it mandatory for students who are in their final year and about and are about to make it into enter the working world so you guys know where everything actually matters a course that requires them to learn about the knowledge of investment this is good because a good foundation of investing would lead to a better understanding of financial management a simple and short course would teach the students on how to invest and the benefits of investing these will lead to a higher understanding of the world around the students as they will enter the world with a side of ice as we all know that charity activities and retail investments has increased in the year of 2020. this can be seen in the report of phu lime the chief regulatory officer of security commission leisure they have they have stated that there are increase of over 700 in new account opening for robo advisors and thousand percent new accounts for crypto exchanges only with 450 000 accounts across the three regulated platforms and the number of investors for equity crowdfunding the ecf and the p2p financing has increased from 20 thousand to thirty thousand in total so by looking at this at this uh statistics during this covered nineteen paname you cannot simply have the mindset of just going on out without taking into account of the race of the consequences impacts and essentia so yeah thank you all right thank you very much shahira for the supporting argument now i would like to call upon our first opposition debater liam yang young to present his arguments opposing the topic so you may start now then [Music] okay so a very good morning to all the judges and everyone here i'm the first speaker from the opposition teams and our team will be supporting on the statement about formal and euro mindset to deliver advantage to investors i would like to define the investors formal and yellow against in terms of investing and investors is a person who invests their money in investment securities such as stock bonds mutual funds and derivative so and the formal fear of missing out means the feeling of missing out on an investment that you think is good yolo stands for you only responds investor a yellow mindset you invest right away in an investment that feels good so now i released out three of the arguments to pack formal and neural mindset are healthy to young investors firstly the europe investors are not afraid of the risk in picking opportunities for investments as this mindset will help to get rid of the feeling of fear of being in application of this mindset by young investor can use good outcome because if the young investor focus on investments they place its values first in making an investment decisions here they choose to invest because they should take the risk and do nothing in making decisions therefore they are open to trade as they propel them to the next level in decision making so i hear about the implement if teams mentioned about that you need to consider the uh finance like the finance and economy news and flags during this time in the pandemics of korea 19 the bull market is still emerged on march 2020 and the dow jones index one of the stock market index in the united states shows a non-stop rally from 18 000 and break the record height until now with the highest of 33 000 so a euro investor will not miss this chance to invest all those they are the pandemics and high unemployment rate besides the former investor feels that if they don't decide they are benefit that accrue to each day that they are likely to forgo any rival opportunity that comes about they try it out to get part of the benefits therefore they will be forced to go out of the comfort zone by engaging and participating in investment when they are for more kicks in for the third point young investor can withstand more risk the investor with formal and yellow mindset invest is also indicating that they are riskier because they prefer to buy trendy for win stock so the older you grow you have more financial commitments you you'll be bothered with this includes things like buying a house raising your kids and spend a lot of money on medical expense for your parents with each responsibilities your ability to withstand risk become lower and lower against what if older investors invest in the hybrid stock that cost them lost money in the share market and become unable to pay off their mortgage or even their basic utilities because of this older investors tend to invest more in low risk assets such as the fixed deposit and bonds and of course high risk height return and low risk reflect low returns investing in this kind of low risk asset you only generate a small amount of returns and sometimes you may effectively lose money if inflation rate exceed interest rate because you have lower your purchasing power being young investor gives you the opportunity and advantage of not having to worry about these obligations therefore starting youngs allow you to withstand high risk and recover from your loss by changing your investment strategies down the line it keeps you an age to sustain the volatilities of riskier investments in conclusions young investors should have the formal and yellow mindset because it's helped young investors focusing on picking up investment opportunity despite the risk that may accompany it that's all for me thank you all right thank you very much tim for the operating argument now i would like to call upon the second affirmation debater muhammad shah bin zanuddin to present further arguments in support of the topic so you may start now okay thank you uh to the emcees and also thank you for the to the first speaker of opposition okay let me start so i'm 23 years old this year and i can be considered as a young people isn't it but being young in malaysia means that your inc i mean our income is low and very unstable and let's not uh let's not live in a daydream we have a lot of expenditure needed to spend uh rather than only investing now i'll tell you in general as an investor the investors are exposed to a lot of risks such as the market risk the inflation rate the current series and also the interest rates and then the others raised as well now if these youngster investors have the kind of have the mindset of fomo and yolo they they are done actually because they they will expose to a concentration rate because uh it can be defined as a risk of total loss because your because their money is concentrated for only one portfolio of an investment yeah i have heard a lot um like these young these younger investors should take the risk uh they they can make mistake and they they can learn from them you see any experience like our first debate like our first speaker proposition just stated just now yeah yeah they are a risk yeah we all know but what about if this youngster investor is the only great winner for their family the only sources of income for their family you're gonna figure it out and uh for famous and uh investor warren buffett have said a smart investor should be fearful when others are greedy and be greedy when others are fearful so in other words sensible investors should avoid putting money into trending holding merely because of their bus because of their hype and i know it is very tempting to see stocks with vertical growth and after all what's the harm of investing a hundreds of dollars or maybe hundreds of ringgit if there is the potential of a significant payout but you must bear in mind who's to say that the high price stock is always going to keep arising i mean like and there's a lot of finance student here they all know that um the stock price is going to be up it's going to be down it depends on the depends on the market itself and nobody's going to guarantee that nobody's going to guarantee that the price will always increase in constant now you don't chase profit on popular stocks popular stocks may get your attention in the financial media and now this is when the financial sorry this is when the social media plays an important role to influence the other investor um as example if you watch a youtube video there will be an advertisement before that and it will show like um they will show like um um some kind of mlm some kind of a bond that kind of thing it's it's um somehow it's influenced the other people uh decision um popular but popularity doesn't always mean that every investor is primed to make a great return on their investment now actually the best way to create return is very simple let's go to basic it's buy low and sell high it's like a basic every financial you know that um buying into stock when its popularity is high means that you are likely to pay more than the previous investor did and also you are not only paying a premium but instead you are less likely to gain or to reap the financial benefits enjoy by the early investor it was like um the alien investor invested about uh one dollar per share but you you wanted to get into that train of popularity probably you're gonna like ah it's okay just you only leave one just do it like a nike slogan so you're probably going to invest about 700 dollar per share it's kind of um it's kind of wasting are you wasting your money and you do and for the youngster they don't have the sufficient sufficient uh capital to invest more because as i said before we have uh it's not uh the youngster only as a normal human being we have a lot of payment needed to be made the tax um the the rent room and the other groceries as well you know by instead of gambling uh by investing in formal investment and have that kind of mindset yolo this young investor should fully utilize the knowledge of investment as my first speaker shahira suggested just now and look to invest in the companies that have a higher risk but greater upside potential over the long term because investment is not because in investment we are not looking at the profit in the short term we need to look in the long term as well and that's all from me thank you all right thank you very much uh for this supporting argument so now it's time to call our second opposition debater khalid fayas muhammad to present further arguments against the topic so you may start now uh i'm going to start in one two three ladies and gentlemen the motion we have today is the world yolo and the fomo this mindsets are harmful for the investors the young investors what's the problem we are seeing from the the our government side is that they are trying to narrowing the whole debate that's the problem we have to look at the more brighter sides we have to look at the more and in a bigger image in a bigger scenario that's the main thing we have to do in our total debate today what's the this is the key problem that's coming from them that making this narrow okay first of all we have to see this the yellow and the formal mindsets and the things that are coming from them the solutions they have said that the investments and the financial management teaching in the universities we are not opposing to this we are not saying to this but this is how what we need to understand is the stock markets it's unpredictable there should be there should be many of the factors also working over there we when we they're when they're saying uh why i say that they're being narrowing the total motion is because they're trying to say that insufficient of knowledge we are not supporting the insufficient of knowledge but it's coming from us we have to look at at a bigger picture so the yolo and the fomo it's constant so young people have the big things to do and that needs a big risk it's about the existence of the safety net we need to understand what's it's missing for our debate is about the safety nets the world as a whole is becoming a place with more safety nets for example we want that that's the principle behind the ubi for example the risk taking is great and the pursuit of better is also great we have to understand that the taking risk taking and the pursuit of better can make and help us to get more innovations using a loaded world and some more uh people abusing it the yolo and for more doesn't necessarily make it bad you if you understand the game in the stock market and the investment there in there is no reason you can't take some big risk in the stock market if you if uh and if you don't have if you have like few financial responsibilities so what if this risk and sudden decision making leads them towards more depth and the darker financial life that's what coming from the government side right so that's a loaded question it as you assumes that it will happen what if people stop innovation and lose motivation to find bigger and better and greater solutions that's why we are saying from our house one and one again that if people stop having this feelings and emotions uh like yolo and fomo what's gonna happen we are looking at the positive sides of this debate so what's gonna happen that we are gonna stop having the innovation and lose the motivation to go find bigger and better the greatest solutions so one thing let's see about this that there's four more features this is a kind of a new acronym but this thing this features we are having it all again in our uh in various various of the nations we have seen in many of the nations having these features and the leaders having this form of fear of missing out and they've been working hard coming up they have seen failures but they they've been trying coming out one after one again and become a great nation so so what we need is not less motivation to find bigger and better and greater solutions to improve and destruct what we need is more safety nets kovid vaccine in under a year was sadly not discovered by the pharmacist sleeping eight hours a day they should provide safety nets otherwise they will be stuck in low income so that's why i continuously keep saying that our government side is narrowing down the whole debate they want the certainly a one stage one phase of people to stuck in one income the safety nets can be targeted and also one thing that is coming out of them that uh there could be a burden for the family so what again and again coming out as from us that young people they have the chances in their life they can recover and recover the risk or they have taken and if they because of that find any laws they can even have the opportunities to heal them and come again again so this mindset help the investors to take more opportunities we are amplifying implying on taking more opportunities through the risk a compliant and to help the growth of the generation of investors oh okay so what's the problem that the questions might coming from them are they going to lose the cash and have bad habits so in as i said before that stock market is unpredictable you will always be losing some uh cash in the stock markets and even from the prominent of the investors we have seen losing cash and having bad habits so this uh yolo you only leave one and four more stands for fear don't miss it on the our government side is continuously trying to narrowing down the whole thing so this application of this mindset by the young investors can also bring the good outcomes that's coming from our house this is because if the young and investors focus on investment the place is value first in making an invest condition hey they choose to invest because they should take the risk and they do not need are needed making in on their decision making the same applies to the foremost because this investors feel if they don't dislike so you need to conclude now so this is the conclusion coming for us so they can have their best life and come for more thank you all right thank you very much khalid for the opposing argument all right now i would like to call upon the third affirmation debated sharifah nabila hassan to begin with the battle attempting to defend the opposing arguments and to defeat the supporting of humans so you may start now sharifah nabila okay hi uh i'm the third debater all right i'm just gonna go ahead and start with uh rebutting the first opposition what he said all right what he said was do not afraid to get do not afraid to take risks get rid of fear and basically choose to invest because they know the risk the young investors so first and foremost these young investors they do know the risk they do know what they are getting themselves into but are they aware of all the information are they using all the resources that they have or are they just simply following their friends even our emotion itself means fear of missing out and sorry and do you think that just by looking at our emotion fear of missing out or you only live once do you think that they are doing it for the right reason and are they making their decision rationally and young investors are prone to see results that is totally normal because we youngsters honestly we are living in a very complicated world where our minimum wage is very low and we are struggling to even make ends meet and so it's normal for us to see to want to see fast result and express it and that is why they are motivated when others are doing it too okay the the acronym of fomo i'm sorry okay you said it yourself that in the era of covet the number of people who lost their job are increasing and people are desperate for money people want to make more money to support their family their lifestyle or just to make living just to survive okay some people are working double shifts some people are making triple jobs just to make sorry and what do people tend to do when they are desperate okay they tend to not think clearly they are prone they are um the investor what do people tend to do when they are desperate first of all they invest without thinking they okay the first like uh formal okay let's say in a situation where their friends come around and say that oh i invested in this thing so and i did get this much money you should try it and the fear of missing out that uh that was motivated by their friend they simply like they are blind to the consequences like okay my friends are doing it and it's legit and they are making money i should try this i should try this and why because yolo you only live once and if i don't try this i'm gonna be missing out okay and well the next step would be like i said yolo it might have might as well try and somehow the percentage of risk becomes zero for them like the second opposition said like they say that we have to look at this from the bright side however you have to consider that there will be three consequences or three three results which is like my prime minister said firstly it's break even secondly is uh whether you win big or thirdly is you lose everything that you invested so what my prime minister suggested is with the right knowledge with the right resources we can control all the young investors you have to remember that our our uh constant our target in this debate is uh young investors okay so they are prone uh hmm said they only see the price sorry i'm gonna take some time okay so when they make their decision they tend to look at the positive side and consider suddenly the the possibility of losing everything is somehow very blurry to them okay and uh sorry first opposition okay moving on to uh the second opposition uh rebuttal proposition okay it's true that young people should take big risks big win because we can still recover because our young age but are you really really sure that we can recover are you really really sure that with the current statistic of the people of the youngsters who are indebted who are making who are even struggling to make ends meet like are you sure that they are going to make it out alive at a very young age do you not see the current uh not in malaysia but all over the world the the percentage of suicide the percentage of depression like do we really want that for malaysia and you have to remember that the the young investors we the young investors are the one who will lead malaysia we are the future leaders so oh you need to conclude now okay so um okay so you said that yolo is not bad but it is bad if they are doing for the right reason for the wrong this they are not doing it for the right decision and even the percentage of b 40 is increasing daily and even in malaysia especially after covet and fresh graduates are struggling and the people who are in their 30s are also struggling like what if they have like you said have a number of family and you have to remember that short-term decision could result in long-term consequences so that is all from me thank you all right thank you uh thank you very much for the strong supporting argument sharifah so moving on now i would like to call the third opposition debater uncle we to begin with the robot to begin with the rebuttal attempting to defend the opposing arguments and to defeat the supporting arguments so encourage you may start now so i'll be starting in three two and one so very good morning to the panel of judges and my fellow speakers pertaining to the arguments of my teammates we do hold a very strong stance that the former and yellow mindset is essentially beneficial towards young investor as the benefits are with the risks and adverse consequences so before i dive into my opinions for today i would like to outline my speech here into three main categories first the comfort zone which mentioned by my second speaker secondly is a risk tolerancy and the recovery time and thirdly is a duration of time i mentioned i repeat once again it's very important this three area the comfort zone the risk tolerance and recovery time and lastly the duration of time to adjust the affirmations issues and expanding to expand on my teammates argument the notion of getting out of the comfort zone initiates the need of risk taking which fuels our desire to succeed the atmosphere of the former mindset landing in the youth of today's society simply embraces the courageous attitude which encourage the youth to go all out in order to reach a greater height for without taking the first step we will never know the definite outcome of what we are said to achieve as the saying goes you only fail when you stop trying so to illustrate this in terms of an investment what triggers for more is the concept of shortage when the limitations are applied to a certain object it simply increase our desire to obtain the item to relieve ourselves of the anxiety-inducing emotion from an investor point of view a chance missed out is a wasted opportunity to further accumulate their health therefore for more can be beneficial towards a young investor as the urgency of a situation is what pushes them forward rather than keeping them stagnant in their current position without taking a step forward it will never lead to a personal growth and development which is crucial for young adults in today's society so moving on to my next it which is the risk tolerancy and recovery time to further explain my what my teammate has mentioned earlier taking a risk doesn't mean acting randomly in many cases risk is defined in strategic terms and links to a number of overarching goals and objectives a risk taker is defined as their goal and then sets about achieving it managing the inevitable stumbling blocks that across their path in fact some business experts agree that those who are willing to take risks at work are most likely to earn a greater amount of money than their peers who take an ever safe science towards risk-taking as a technological giant our facebook founder mark zuckerberg one day in a world that is changing really quickly the only strategy that is guaranteed to fail is not taking the risks to alleviate the possibility of failure there is risk reduction and risk control mechanism like insurance or hedging contract which are used to utilize to mitigate the negative impact of risk this act as a safety net for potential investor who wants to give you a try without suffering from consequences in an overly harsh manner risk is not dangerous when we are able to make prediction and calculation and calculation yeah so to address what the second affirmation speaker has said rigs there are a lot of risk but then we can calculate it that is why we have a lot of professional bodies like financial risk management and then final risk management yeah they are here to guide us they are here to help us in a way so moving on to my last which is the duration of time um as quoted by the warren buffet uh the most successful and successful investor in the world i made my first investment at the age 11 i was waiting my life up until then to quote clearly demonstrate the importance of early investment as soon as possible i appreciate the input from our affirmation speaker but i find them very contradicting especially for the first and third speaker as the first us talking about they are looking for long-term profit but but then the third speaker are talking about they are youngster i wanted to see the fast result have you heard of the time value of money and combating interest it indicates the money within your ownership that was the identical sum in the future and then compounding interest the time rate of money increased over a period of time and regular investment made right from early age and can reap huge benefit at the time of retirement and early investors late the entry in the world of finance early your money grows with time because of early investment you can afford things where others might not there are also epf soxo which are here to help us if you if you fail or what or you say if you are having a down yeah that's all from me thank you therefore before i conclude i will very much i'm proud to oppose thank you all right thank you very much for the strong opposing argument on kaui so now it's the time to call upon our second affirmation debater muhammad sharo bin zayn uddin to conclude the argument supporting the debate topic so you may start now right to summarize this house believe that this house believes that by having fomo and yolo mindset is harmful to the young investor now let me let me restate about our emotion today our emotion today is about the the fomo and the yolo mindset is harmful towards the young university we're not talking about the risk taker that is above 30 we are talking about the young university which is below 30. yes the risk taker will always have a plan yeah we all know that but we are talking about again the formal investment and having yolo mindset are you pretty sure that every every young every young investor have a plan without without inquiring any knowledge in them and most of the successfully invested most of it i'm not saying all of them most of it is um it's it's like a veteran investors like an old uh it's like it's not all probably middle-aged men probably mid-asian women something like that there's about a few names uh for the younger investor that have a success in investment now why would you encourage the young university to take risks um for more and also we are not limiting uh these young investors to invest in in this kind of uh formal investment no we're not limiting we're actually trying to save them from getting a bankruptcy or probably from getting a total loss and also there's a lot of uh option i'm sorry there's a lot of type of investment these youngsters can invest such as a money market the currency even the forex you can invest in the stock market and and the others now the cons overweigh the pros in this context due to a lot of reasons that we are just stated just now such as a concentration rate there in insufficient capital to invest now why are we focusing on this youngster investor today because simple this youngster is one of the biggest factor that could lead to the rise or fall of the country's economy yes indeed i agree that young people considered as unland yeah i admit it i mean we all admit it since we are we have been to the stages of becoming young we make a reckless decision we make a restless decision um we make a reckless decision and without constituting any knowledge um and for the young people they need to sharpen their intellectual skills to be a very successful investor um because when it comes to financial matter we have to take it seriously it's not like a game it's not like a sport that you wanted to take like me because this is like a this is a serious matter that could lead you to become a rich or probably could become a beggar in one day so as a government we need to prevent this youngster specifically youngster investor from making any reckless decision in their life even more so during this pandemic of kovite 19 there's a lot of young workers that have been fired and one of their chances to to gain income uh to to meet up all of those laws is by participating in the investment market because it's uh it is an open open platform for everyone that legit for everyone so as my first speaker shahira anwar suggested that the government should require a university to provide a simple uh pack and short courses that will teach the student on how to invest and the benefits of investing which they can apply to themselves in the future because we never knew what it what what would happen in the future probably another appendix i mean who knows right at that time the knowledge that were given during their studies are perhaps really useful for them and in other words in my last word i can conclude that by having formal and you know kind of mindset can be described as standing on a bungee platform without being tied to a rope which is very risky if the wind pushes you you're going to die if there is no wind you're going to leave kind of like that that's all from me thank you all right thank you very much mama sharo for concluding the supporting argument from your team finally now i would like to call upon our second opposition debater khalid fayyas muhammad to conclude the argument opposing the debate topic thank you for giving me the floor again so i need to talk with let's talk about the first of the problems that were coming from the from the government side so the government side they are the enemies of the growth our government sides are the enemies of the innovation our government side is the enemy of our prosper so the problem of the government side is there never tried to engage with us our the things we have been saying in our debate i have mentioned in my speech that if the problem that it can they can go bankruptcy and all the policies that government needs to come up with is about the safety net we need more safety nets in the investments to help the young investors if they go all in and they lose it all we need the safety nets our speech from the government side did never come up with our the safety nets we have been talking about they've been keep saying about the encouraging about the sufficient knowledge on the investments see we have been never saying that it's wrong to know about have the sufficient knowledge about the investments we keep saying about the we keep saying about the innovation about the growth having the mindsets so let's look at what the yolo and for more comes about so we know about the yolo is you you only leave once and the foremost stands for the fear of missing out as i said in my speech before that the countries having the fomo this feature actually did well in the long run if we see at the histories what what the four more this this kind of features the countries which had they worked more hard they they even they failed in the film for a certain amount of time they did come back and these things had actually good outcome this is because the young and so this is because the young investors also need to focus on investment and they can dictate the risk and they can put their value first in making an investment decision here that let's look at the fomo and this how they they can trigger you to help help you actually have growths and actually have help you to get get uh prosper also see if you if you if these four more triggers when we see another other people's excel some other else having the hashtag best life it can give us a hope that we can do the uh do the same watching others excel can be a way to encourage us to reach for more i only live once can make me i want to make the most of my life these things have been never been come out of the our government side that we can make the most of our life we can also make from the the fear of missing out can encourage us to go for the more try more harder in our life and go for further for taking the risk so the risks are the mindsets of the yolo and fomo can positively work for the investors and what been coming from us that the form of this yolo and this triggers us to go beyond our comfort zone when we go beyond our comfort zone we can easily excel in life and even during to the other investment issues too see i've been trying to say one after one again what's the government side is saying is that something like that see with the government side saying like that that the policies demonic they want to come out with is about the sufficient knowledge of investment see it's something like that the government said is saying that depression is uh not good we all agree on that that depression is not good right so having not sufficient knowledge on investment is never good we are not encouraging on that we can uh definitely have policies from the government having knowledge on sufficient knowledge or fact what they say about having sufficient knowledge but you see in the stock market even from the prominent investors even from the for the most experienced ones we have seen they they are taking uh rapidly uh strategies that can actually help that uh that actually help them to do uh better in the investment decisions so we you can never say that that they're not going to lose the money in the even if you take the lower risk you can never assure that they are not going to lose the money and secondly that you can never explain on losing out and are not on prosper so this is the things that coming from us all after and all again and i would like to mention to the speaker judges that the things we had that the policies that can be coming from us is about the safety nets at the ubi like principles the basic principles of ubi that been giving from the united nations you know uh united states of america that this kind of policies can help us to make the taking to safe and our young investors to save them and get them better in their faith even if they lose their money the government can have their back and the policies like that can make them go out of their comfort zone and also if even if the uh the investors the young investors lose their money they have this whole time to recover and most of the times you would see that young investors they have fam they in their family have their parents also taking care of the family they're not all on on all on on their all alone and also third third world countries if you do not encourage this type of policies coming out of the third of countries you will see that they will be stuck in a low income always they will be stuck in a certain phase of their life and they will never try to prosper in their life so this yolo and the former mindset can also help you to prosper so getting stuck into a limited amount of getting stuck into a limited amount of uh income and is never a good for us so we need to uh excel us to encourage more and go for more thank you i include myself here all right thank you very much for completing the opposing argument from your team clinic all right now everyone we will have a short break for you to freshen up and regain your energy a bit and in the meantime you enjoy this video from our organizer introducing yulin money the most comprehensive and credible online financial education platform in malaysia that will guide you to gain personal financial success the mission of yulen money is to create a financial freedom gateway for everyone and the vision is to be the most preferred platform of choice to acquire financial knowledge and skills among the people within the nation it is well known for its credibility as it is endorsed and supported by the ministry of education and department of higher education or japan puniti canting it has an adaptable learning environment coupled with engaging learning presentations where the courses can be learned anytime anywhere across any digital devices with yulenmani's 5c key strengths credibility conducive comprehensive convenient and cost effective you will be able to learn how to manage maximize and multiply your finance in no time so what are you waiting for sign up and enroll now at yulinmoney.com to be a part of the yulin money community today let's elevate our financial literacy together with yulin money welcome back everyone i believe you already enjoyed to continue with our agenda today so moving on to the next agenda now i would like to invite our final judges of the month malaysia virtual debate competition to visual comments about living questions now uh firstly i would like to invite uh miss andy to give her a thoughtful comment hi thanks nadra so i truly want to congratulate both team the automatic team and also the opposition team both of them have trying to put in a lot of effort in this preparation even understand that even the last two teams they actually participate registration at uh last minute but in such a short time they prepare and organize their points pretty well and uh at the beginning we we are also looking at this title that we said will be probably will be more biased to one party but however surprisingly both have been actually performing very well i can say kudos to both teams and uh especially to the opposition team i would like to comment that uh even the presentation probably technically there may be slightly but point that can present in a very strong and orderly manner and uh for the investor mindset actually when we look at formal and yolo for the new and innova innovative trends nowadays with fintech and digital age it has actually made formal and yolo into a more open and welcoming manner so but of course in a conventional investment scenario we can say that people are more conservative but i would like to actually uh approach to both and uh in your presentation you have trying to voice up young people taught and especially young investor taught being having the opportunity on this platform both team have been taking this opportunity to present the opinion of the young people this is why i would like to give a strong approach and uh probably one of the team may not be so prepared in points i would i like to point out the aforementioned theme in some of the points need to be stressed on and also to emphasize and also to the opposition team and things that they have mentioned about the safety net sentence also mentioned about the government roles mentioning about the engagement with the investment environment which i feel that is very good okay a very good try and uh i should say that i'm uh also amazed at this young people uh they have their very independent mindset and uh the young people of today i believe they are the peers of tomorrow and in a way that they can also their opinion can actually uh bring into the consideration of our garment and also to the community and uh also well done to both affirmative and also the opposition the conclusion also that both of them have done pretty well okay well done and i would like to pass the time back to nadra and to the rest of uh penny judges to comment thank you all right thank you very much for your thoughtful comment next i would like to invite our second judge miss constance lester to give her some comments good morning everyone can you hear me yes we can hear you okay um i must say i was very impressed with the six speakers being young yet exposed to the real world and yet having such defined thoughts about their financial competence um i would say that you are on the right track of pre preparing yourselves for your career world and also for your future what is important at this stage in time is to see two sides of a coin the academic side as well as the practical side whilst you pursue your pr your academic uh qualifications as what ms amy search has mentioned do try to prepare yourselves on a practical site especially with regards to your financial capabilities uh being more open to the real world and what it uh is is going to be there for you the arguments that you have put forth in many ways i think as your went through your got lost and were not very clear in what you had supported and what you proposed but nevertheless you'll did very well in the content sharing be very careful of your diction the pronunciation of certain words the explanation of certain words and where you have to stress your point do not just go on being flat in expressing yourselves i must say all six of y'all have got a very bright future and as a fellow malaysian i must say that i have got full confidence in you as to what you will be pursuing in your career world thank you all right thank you very much miss constance westwood so i would like to invite our church judge ms jesselyn is jesse are you here thanks nadra well i believe uh this is a very top tough question to debates however this uh current hot topic especially for the zen z yes and not only about the you know um and formal mindset but also on the part of being a very young investor and all of you you're saying about you're in the age of about 22 and 23 and you don't have a you may not have a true experience or investing but i can see that both sides have poured in considerable amount of effort making references and also doing some research to support your own motion making references on uh of course warren buffer and the dow jong index indeed you're right that during the convict nighting period uh that down joint in this evolve you know first it went down so secular it actually went out a lot of people locked money but also a lot of people making money so and uh what i would like to say also i think this morning you met all the panel judges a hard time i mean to give the marks i think compared to the yesterday uh both debate teams today both thing uh i mean your presentation is really on par you know with each other uh six of you are doing very very good job and i can see that your presentation is very natural uh you're not reading from the script and you try your best to communicate and then to put forward your point you know uh very clearly trying to reason i mean reason uh your motion and to support your emotion i i think i need to uh congrats you know both team both uh uh uh information and opposition team you have doing a really really a good job this morning thank you all right thank you very much uh miss justine for your comment yeah i would like to do some uh summer uh thanks to both of the planet josh have given very good comments and also myself personally after hearing both affirmative and also opposition presentation i always have the same talk like what constance said malaysia has future and the futures also lies in the future leaders which is the young people and our young people they are actually young and intelligent and they actually you know they can actually contribute their ideas they should get themselves more involved is it no matter in what sectors they should prepare themselves in financial literacy as uh the organizer euron money i believe that the platform that we prepare is to inculcate young investors to be more rational and also more equipped with financial knowledge whether it's on shared investment or in any other investment tools or channels as uh the affirmative and also opposition they do have mentioned you know young investors there is no wrong i mean looking at the title there's not really wrong honor we call it the formal and your law even young people people like us actually we are also part of this psychology uh kind of uh conflicts sometimes even we are young people before even now at this age or so we are thinking of uh now because of social media and the culture and things like that we can see that the social media culture have makes everyone to be formal you know we just feel like we don't want to be missed out we just want to share and be part of the community so this is the kind of the new style of living and especially uh after this quality 19 phantom everybody is like being hidden you know at home but if they want to express and involve and they can see that the platform is out there is so big you know the platform out there is such a good opportunity so for young people no matter your supporting follow and the fomo and yolo i believe that you should be more daring to voice out but of course to voice out in a debate platform is an opportunity and i heard that uh some of you may mention about government some of you may talks about some the government policies the strategy and what government should prepare a stephanie name and all this kind of thing i feel happy because to hear because our young people are trying to give suggestions and proposal to this platform but of course we do not encourage any condemnation uh you know towards uh our government but give positive proposal i think government is very open to the voice of our young people okay so uh to both parties i think you have put in a lot of effort uh maybe let's say the opposition side probably uh lim is a little bit not prepared i mean the entire part probably he's too much focused into uh the gathering points and preparations are but of course in a professional debate platform even it's a virtual platform uh your presentation your attire all actually has marks so uh you have losing out some marks because of the impression but congratulations your points actually organized pretty well as the first uh the opposition and uh i like to say that you are a little bit unprepared so i see that many a time you try to express yourself and try to find points also uh to be more prepared but you are actually very tempted that's the way i see that you can actually uh also able to express yourself and to all the team players of affirmative opposition okay continue uh to voice your opinion even in many other platforms sometimes not necessarily in debate platformer so i believe that try to voice out so this topic is really good because uh it's related to financial investment yeah so uh that's all my sum up and maybe if our other parent judges would like to add on this will be our final uh debate we already have the first and second round is our third one so maybe if you have anything more to share we still have some time maybe concerns or just you would like to add in more we have mr lucas i am mr lucas yes he is serena already yeah yeah mister chris sorry because the picture shows only three person i didn't see you enough sorry sorry lucas all right please now it's your time to give uh some remarks okay okay uh thanks nadra and uh madame emilia so uh today is our third round of uh the virtual debate competitions so uh my fellow judges and our organizing committee uh thank you for inviting me as a judge one of the judge and i feel very proud and very honored to be here together with uh all of you and today i would like to congrats uh our both team from uh multimedia university and also the university technology mara uh i i have been informed that actually some of you are very new in the back competitions but today you really uh perform uh very good and very excellent i think today you have learned a lot of new experience and also today will be a good memory for you uh for me also i think this is the first time joining a virtual debate competition i think never happened in our past history so well done both team and i uh congrats again to both of uh team and uh thank you uh madan amy for inviting me here and pass to uh back to you nadra all right thank you very much mr lucas for your final remarks so now it's time for the virtual world photo session i would like to ask everyone to turn on your video so we can get all your bright smarts in our virtual photo so we'll be taking three photos in total so i hope everyone is ready with your camera on all right everyone uh you need to get ready now all right at the count of three one two three smile all right another one one two three smile okay last one one two three okay thank you very much everyone for your cooperation now we are almost at the end of our event but before that i would like to welcome all our guests visitors and friends to visit the my malaysia career effect platform at sme fair.com dot my slash my malaysia care affair to start exploring all that our virtual event has to offer from today until tomorrow okay for all information and details on the event program exhibitors and special features of the my malaysia curry effere do head over to our official website sme fair.com dot my slash my malaysia career fair i would like uh also i would also like to invite all our of our guests today to like and follow the ul money facebook page at www.facebook.comani the link will be in the comment section section so on the euler money facebook page is where you can view all our promotion promotional contents and that's also where you can get all of our news and updates regarding all the current and upcoming activities and programs under the 2021 my malaysia career effort event uh please also to visit the websites and facebook pages of all our join organizers supporters and partners for the 2021 my malaysia career effere do refer to the chat section on zoom and also our facebook live our facebook live where we'll provide all the relevant links sorry for your convenience on the other hand don't forget to visit yola money website at www.ulamani.com and sign up to enroll in various financial trending courses and books at affordable price for as low srm 10 ringgit okay and with that our debate completion of session 3 today has come to an end we hope to see you again for our closing ceremony tomorrow on 31st of march at 5 00 pm the winners of the my malaysia virtual debate competition will be announced at our closing ceremony on behalf of the organizers i would like to express our humble gratitude and appreciation to our honorable guests debaters penal judges and everyone present today on behalf of the organizing committee i would like to apologize for any shortcomings or technical difficulties throughout the event finally uh thank you very much for joining us everyone i hope you are enjoying the six day experience of of our my military career event 2021 at sme4.com dot my slash my malaysia career fair i would also like to thank all the universities and panel judges that took part in the 2021 malaysia career fair virtual debate competition uh all right uh we all right thank you very much for joining us everyone and i hope you have enjoyed the experience of our 2021 nation my malaysia cara ever thus we hope to meet you at the winner announcement event which will be held at the closing ceremony of my managerial career on 31st of march tomorrow so again thank you for joining us everyone it's been a pleasure to be with you today so stay safe keep uh your physical distancing and i wish you all have a good day ahead so i will end with you assalamu alaikum warahmatullahi wabarakatuh [Music] okay everyone [Music] [Music] you