Why Investing early matters

I love the Eighth wonder of the world. I adore the power of compounding interest. And as I understood it better, I started to save more of my income so that I could spend more on investment products and grow my wealth further. In mid-2019, I stopped the miles chase. By the miles chase, IContinue reading “Why Investing early matters”

How ‘little’ does 0.50% an annum make?

Many investors vested in the various financial markets have a short-term mentality for gain’s and losses — geared towards a week, a month, a quarter, a year, or maybe a few years. This pales in comparison to long-term periods of 30 to 40 years. You can guess where i am coming from now. From nowContinue reading “How ‘little’ does 0.50% an annum make?”

Embarking on my $2 a day challenge

From now on, I decided to put away a purple note each day, as soon as I received it. Even though Singapore is heading towards a cash-light society, it is still not uncommon to use cash for day-to-day transactions. For example, we pay for our food and drinks (probably at least 3 times a day)Continue reading “Embarking on my $2 a day challenge”

Compounding Interest and Rule of 72

I always have one of this table handy to remind myself the beauty of compounding interest. At one glance, I would know how many times of the principal I would expect after T units of time and at a particular interest rate. For example, at 5% interest rate every dollar of principal would be compoundedContinue reading “Compounding Interest and Rule of 72”

Simulating the compounding of SA from young

I initiated the top-up of my child’s SA in September 2019 to kick off the power of compounding interest. A monthly $100 top-up is a small but steady way in building up her assets. To reiterate, the first $60,000 of combined balances (with up to $20,000 from the OA) earns an extra 1% interest. ItContinue reading “Simulating the compounding of SA from young”