The bookshops are full with meters of shelf space containing personal finance and investing books. Unfortunately many of them simply are not worth their money. However, there are 3 time-tested classics which are my absolute favorite books on personal finance and investing.
Let’s do this! Obligatory first post
How to invest your money in Singapore?
I was asking myself this some time back after having decided not to spend all my money on fun & frivolous activities. My first steps were stupid to say the least and I made many silly mistakes including: trying to pick hot stocks to buy, trying to time to market and so on. This is when I realized some more research was in order and I came up with some leading principles which hopefully will work better in the long run.
My ambitious goal: be financially independent by 2027. What does financially independent mean? Passive income covering my costs.
This blog is here to share some of the things I learned and to prevent you from making the very same mistakes I did. Furthermore I have published my goals and a page to track my portfolio.
So let’s jump right in with my small getting started investing in Singapore guide:
- How to get started investing in Singapore in 5 simple steps?
- How to open a trading account in Singapore?
- Introduction to exchange traded funds (ETFs) for Singaporean investors
Most of all: this is an experiment. I have no idea how it will go. So let’s give it a shot and let’s have fun!