Four years of investing in stocks and mutual funds may not be long but it has given me some insights which I want to share you with you. Here are the 3 + 1 bonus myths of investing and the reality or truths based on my own investing journey. Photo courtesy of: www.tnooz.com Myth 1: Investing is only for the rich. Fact: Have you ever heard of the term “retail investor”? According to InvestorWords, “A retail investor is an individual who…
Photo courtesy of Rex Holgado October 3 marked another milestone for TGFI Singapore. It was the first time that we had an open forum about Personal Finance where 15 people from different walks of life shared their thoughts and experiences about the following topics: Luxuries, Financial Education, Budgeting, Savings, Emergency Fund, Philhealth/SSS/Pag-Ibig, Diversification, Financial Monitoring and Tithing/Outreach Programs. Initially, I was hesitant to join as I was running late from another appointment and also because I knew I had to…
In order for us to achieve financial freedom or at least plan for our financial freedom, we need to look at how rich people save and spend their money. Obviously, we, the poor people, are missing something that’s why we are not rich or at the very least we have no inkling how to be rich. We all know how the poor people spend their money and their idea of saving because this is what we are used to. Poor…
Have you ever wondered when will your money double? Actually, when I started in my journey of saving via the BPI Direct Save-up I was only wondering how my money will grow given the measly interest rate? If you ask me how it will double, I really had no idea. In one seminar I attended, this exact question was discussed. Hearing the “Rule of 72”, the Engineer in me got curious and amazed how this rule was never shared in…