This year has not been kind to many. Who would have predicted that the impact of the Wuhan virus can be more fatal and widespread than SARS? I can only say that we are really fortunate to be living in Singapore, where our government really took good measures against community virus spread and also took good financial care of its citizens hit by this economy seismic.
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| View from the MBS Skypark |
I was half-joking with my friend, at the beginning of the year when discussing FIRE, that I will be forced into FIRE soon.
As I am drafting my plans, I know very well that I am not ready for full retirement (RE) despite scrapping a financial independence (FI) enough for lean FIRE. Things just happened and I do not have much choice (or motivation) to be working full-time.
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| From 'The Personal MBS' - What's sufficiency? |
I am confident that with less going out with friends, eating out and no overseas holidays, my expenses would be much reduced this year. I don't do budget down to the cents.
Well, I don't know what might change a year from now so I can't really plan too far into the future.
Sometimes we conveniently forget, as time ticked away, that every action we took would give repercussions that we may notice too late in the future. Opportunities, places and people encountered - how many have I let slip by and how many have I chosen to keep touch with?
Despite having a wild ride for stocks this year, the v-shape recovery totally crushed my speculation of a dead-cat bounce. Thus, my portfolio didn't fare too bad after all. As of date, I have recouped all my trade losses from the 2018 massacre. Could have done better if I wasn't such a scardy cat.
Also, my cryptos are now on freehold. Providing that I don't add on to my positions.
I am considering doing DCA into a few ETFs or funds next year to be hands-off from valuating and picking individual stocks, which can be rather time-consuming. Here's an interesting read - Returns per unit of stress. Consider it as a diversification of portfolio too.
I shall rest my pen now and pick up the mop (it's housework time). Going to burn this weekend slogging.
Have a Merry X'mas!
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Disclaimer: Contents of this blog are personal opinions and NOT financial advice to buy or sell any mentioned securities, commodities or assets.