Thank you for visiting my blog. I thought I would do an introduction so that you can have a sense if its worth spending your time reading my posts.
Some background information. I am in my early 40s (2015) and have started my investment journey when I just joined the work force. Investment is the mean but the ultimate goal is to become financially independent. The goal remains the same but the strategies are certainly evolving.
Lifestyle expectation is different for everyone and this affects the journey. For me, I am happy to stay at my current 4-room HDB flat, drive a family sedan/hatchback for 10 years (or extend COE if car price is still high), have a short getaways once/twice a year and a long trip once every two years, eat at restaurants only once or twice a week and basically to support my family expenses (parents’ allowance, children’s education etc)
So if you are expecting more, then what might be useful from my blog will be my review of the individual companies that I invest in.
Besides my pay, I grow my wealth through investment of Singapore shares. I pick up my financial knowledge on my own through books (will put up a list of books I like) and internet. I would like to see myself as value investor, but there were many moments that I succumbed to my emotions and “gambling” impulses.
Where am I now? Am I financial independent now? I am pretty please with my progress so far. Not fantastic but am better than what I set out to do. If I have continued what I was doing (working full time, climbing the ladder and investing part-time), I am pretty sure I can achieve my original goal of achieving financial independent in 2024. However, life priority changes over the years. I have decided late last year to spend less time at work and more time with family and myself. With this change and no other major changes (probably there will) in the next decade, I will be able to be financial independent at 55 (WHEN and IF I can withdraw my $$$ from CPF).
In a nutshell, my posts are relevant to you if
- you are in the early 20s and 30s and looking for ways to grow your wealth; AND
- you are satisfied with a simple life-style
- you are simply looking for views on certain companies that you are interested in.