About

My Road To Financial Independence by 2024 (mrtfi2024.com) was started in 2007 to jot down my musings of my pursuit of financial independence. Investment is my chosen mean not only for a possibly higher return but also because I enjoy learning about other businesses beyond my regular work.

Where am I now?

Based on Kyith’s 11 Stages of Wealth, I am probably between Stage 7 Security (including interest from CPF) and Stage 8 Independence. Why in between? Stage 8 really depends on my investment return. While past records show that on average over a 5-year period I should be able to do it, nothing is guaranteed in the investment world.

Year 2023

This year marks the start of a new phase of my life. I left my job of 22 years and there will be no more regular income. It was exciting and scary when I initially brooded over it. With some thinking and planning, I no longer feel as fearful about it and am excited to experience what will pop up in my life. You can read this post Can I ditch my regular pay? if you are interested in what went through my mind last year when I was deliberating this decision. If you are interested what I will be doing going forward, you can read this post What are you going to do?

Back to Investment

I used to own Singapore counters only, but since 2018 I have ventured into US market. Current strategy is to adopt a 60:40 dividend vs growth counters. The dividend counters will provide a stream of steady income and the growth counters should help increase the portfolio size. Details of my investment goal and strategies can be found on Goal and Strategies page.

In a nutshell

Time spent here should be worthwhile if you are looking to grow your wealth slowly through investing in good companies for the long term.