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Starting out

My eyes are always on retirement, and I welcome you to journey with me.  Learn from my mistakes, and benefit from early advice.

My history:

I started out in Singapore back in 2007, exactly 10 years ago. Wide eyed and ready to plunge myself into the corporate world, eager to climb the ranks to become a corporate leader. I was lucky enough to have an endowment policy mature then, giving me about a $40k head start.

It was in the middle of the market uptrend, and stocks were hot! So like most graduates who thought they studied finance and knew the stock market better than anyone else, I ‘invested’ (or rather gambled) in the stock market. I remember buying counters on the HK market such as Alibaba, Li Ning, Geely auto, BOC, ICBC, thinking the all mighty China will not fail.  In 2008 when the financial crisis hit, I panicked and cashed out at the bottom. Bitten hard, I vowed not to touch stocks again and focused my efforts elsewhere, on gaining experience in my job, on real estate, on global trends.

Fast forward 10 years, and it looks like I missed the boat on stocks, but my career has grown and savings rate was comfortably high.  On hindsight, buying on dips and staying invested is key and while my savings rate could’ve been even higher.  Dollar cost averaging looks like a very convincing investing method.

My burning desire to be financially free:

How can I support my family in the event that I’m out of a job? There are so many things to consider, buying a home, buying a car, paying for children’s education, lifestyle choices – shopping, eating, traveling, etc.  How many 2nd income sources can I build, will I build?  This is where it begins.

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