Tuesday, 6 February 2018

Someday, I will look back to this day…

  Posted at  February 06, 2018 2 comments

Yes. I am a little late. I am only starting to invest today at 30 years old when I could have done much earlier.

If I were given a chance again, I would not have done many things leading up to today. However, I am thankful for who I am today and the experiences I have had up till now. Yea, some day someone is going to ask me: “You did insurance for 2 years. Didn’t you invest anything?”


Well, I did. But I will never go back to investing with an insurance company and I would most likely dissuade anyone from doing so. Basically, the costs involved are too much for the average investor.


I will be investing on my own mainly in S-reits and stocks in the Singapore market.

Not all roads lead to the same destination

Today I am the 30 year old investor who is going to start proper and small:

– I am debt free and thankful for that.

– I have a stable income that I used to live paycheck to paycheck due to bad financial decisions and I am glad to have stopped that.

– I will minimise my spending because a dollar saved = a dollar I can invest and grow.

– I will make better financial decisions for example:

(to resist that Iphone X that costs $1,300 with a phone plan that will set me back $1,300 but to sell it for $500) because delayed gratification tells me the $500 saved will go a longer way than an Iphone I already have and don’t need.


Of course, I would welcome anyone to share their ideas with me.


30 yr old investor. K.C.
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2 comments:

  1. Rainbow7 February 2019 at 21:05

    Welcome to the finance blogosphere. Look forward to more of your posts. :)

    ReplyDelete
    Replies
    1. 30YearOldInvestor9 February 2019 at 00:09

      Hi Rainbowcoin,

      Thanks! Hopefully more to come :) Bookmarked your blog too. Cheers!

      KC

      Delete

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You don't need to pay anyone/company to have a plan of your own and work towards achieving Financial Independence. Only we alone have no conflict of interest with our own money. "30 Year Old Investor" is a personal blog about a Singaporean's savings and investing journey.


Being the average Singaporean, K.C. is also interested in good food, a little bit of politics and a good slice of humour.

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