Sunday 17 January 2021

Chronicles of my Financial Carefree Journey

It is the 17th days into year 2021. Happy New Year to you ! Year 2020 was a very tough year for the whole world but a turning point for my investment journey.

I am an ordinary salaried employee holding a 9 to 5 deskbound job where my time is exchanged for an agreed sum of money payout every month. My ultimate goal for financial carefree is to skip the rat race and be able to do other jobs and experience life without the need to worry about money. I can’t really remember exactly when I start to have this thought about financial freedom or keen in investing. However I remembered a conversation with my colleague on insurance/ investment topics and he said that  “No one in this world will cares about your money more than you”. This simple statement somehow just keeps lingering in my mind and ignite my determination to save aggressively and start to find ways to grow my wealth about 7 years ago.

Prior year 2020, my investment portfolio was really small and majority of my saving was kept in the high interest saving account where interest rate was still pretty decent (up to 3%). Nonetheless, I am glad that my earlier exposure to equity market had somehow prepared me to witness the fastest decline / market correction in year 2020 and made me recognised that it was a bear market that everyone had been waiting for. Never let a crisis go to waste kept ringing in my mind. Year 2020 was the year where I had deployed bulk of my funds (excluded emergency fund) into US/HK/SG markets and even deployed my CPF to purchase STI ETF and bank stocks when there was so much gloom in Singapore stock market. Hopefully these decisions made can help to become a huge stepping stone for me towards reaching my financial carefree goal.

For the past few years, I have been reading many investment blogs and noticed that generally not many women are interested in investment or financial savvy. By sharing my chronicles of my financial carefree journey, hope to prompt more women to be more aware of their own financial status, strive to be financial independent and make your money work harder for you. 😊

My Portfolio (Feb 2021)

US - With the recent correction in US market especially the tech stocks, it presents a great opportunity for me to add position to existing ...