A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 week ago
CW,
ReplyDeleteIf we put our money in a bank, the bank has to pay us interest, however small...
But the moment they convinced us to not money rot - open SRS, CPIS, trading, investment accounts, the bank can start earning fees and commissions from us instead ;)
Same goes for brokers, financial advisors, real estate agents; etc.
Anyone who tells you "anytime" is a "good time" to invest, walk away...
That's a lie told to "bei kambings".
Savvy investors don't operate like that.
And I thought it was death and taxes ;)
ReplyDeleteWe all know that sheepish feeling to discover something we bought recently that's now currently on sale at 50% discount :(
That's how we have been conditioned intuitively that unless we need the article urgently, its better to wait for the Big Singapore Sale during middle of the year, and Christmas/New Year Sales during end of the year.
For investors who have survived several cycles, they'll prefer to buy during a "sale" ;)