This young ex-colleague with small capital has taken the common investing advice to start investing early via STI ETF monthly DCA through our local bank Invest-Saver account. A few bloggers even suggested for those who have smaller capital they can start investing early through this way. He started on 23 Mar 2015 when the stock price STI ETF closed at $3.42. CW8888: Who says market timing is not important! You listen to whom?
This young investor has been happily doing this monthly DCA passive investing until he has met Uncle8888 for a few investing lessons and began to open his eyes and get his hand dirty doing his own mini version of STI stocks. Passive or active? There is No free lunch! Why do you want to pay for someone's lunch? Not one; it could be a dozen of lunches. Total expense ratio for this STI ETF fund is 0.42%! Finally; after close to two years of passive investing; he sold all his Nikko STI ETF stocks on 31 Jan 2017 and he will now fully focus on his own mini STI portfolio.
After many months has passed; finally;he has validated Uncle8888's investing lessons that he can make more managing the fund himself and decided to give Uncle8888 lunch treat. LOL!
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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