Are you on the hedonic treadmill? A cautioning tale of lifestyle inflation

Do you remember your student days? I sure do remember mine! Living of a rather small salary from part time jobs I was happy and content sleeping on a mattress on the floor in my small room of the apartment I shared with two friends. All my belongings fit into 2 large boxes and things were generally good. How much did I spend per month? Probably SGD 800 including rent.
A few years later at the age of 29 things had changed…

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August 2014: Monthly update

August was a very happening month for me. Unfortunately the “no-travel August” I was looking forward to in my last monthly update in July did not materialize and I am typing this on a minibus speeding through the Thai countryside. There could be worse business trips though, so I won’t complain. Once again I was proven to be horrible at picking stocks, but came a lot closer to my target allocation.

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July 2014: Monthly update

Some days I feel I should rather write a travel blog: In July I spent 23 days spent on the road, 19 of which in China for business and 4 for a short diving holiday in Bali. While diving with Manta rays in Bali is a priceless experience I also realize that I have been spending way too much for travelling and am looking forward to a no-travel August back home in Singapore.

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June 2014: Monthly update

What a crazy month June was. While I had quite a lot of fun this month, including travels to Cambodia and Bali for Holiday financially speaking it was a very turbulent month. All flights, entertainment and exploring were expensive and on top I had to pay a rather big (by Singaporean standards) tax bill.  As expected this month I could not add much money to my portfolio as I decided to pay the tax in a big lump sum instead of going for the zero interest installment payment plan offered to the government. While I know installments are better financially speaking I opted for the psychologically satisfying option of paying everything at once and getting it over with.

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My top 3 books on investing and personal finance

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.

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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:

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!