Seeing where my money sits at helped me finally start investing
I’ve been reading about investing in the stock market since 4th year of college (2023). I even made a plan to go 100% VWRA but didn’t execute until after 3 years of working (would have been 98.15% in returns with me doing nothing if I had just dumped the cash over there)
But I didn't even put anything in digital banks then, chicken as I am. It was a slow process for me considering my savings are growing and I'm still not taking risks (digital risks with banks but hey they're safe as safe goes)
Now I'm taking on other risks (broker risk, currency risk.. some others I forgot to mention here) by investing globally.
What helped me was:
- Realizing all my money is in savings accounts and time deposits, and interest rates are going down (so long OwnBank 6%, GoTyme and Seabank 5%)
- I am saving more and accumulating wealth as I put my life to endless work
- Reading about finances, I learn that these are not the right vehicles for growth (only as emergency fund)
I wanted my money to work for me instead of losing to inflation and missed opportunities. Reading A Bet On Humanity: Why Index Investing Works (Simply Explained) from r/singaporefi also pushed me to go all in (where personal research is done)
And with my investable savings I am now doing chicken DCA to VWRA/VALL. I am 25 and have no big expenses in sight, and so considering my total assets, my comfortable allocation looks like this:
57% growth (VWRA/VALL)
26% emergency (high yield savings)
16% fun
Keeping my emergency fund high in this economy + AI's bubble butt bubble bath blood bath
This works for me without dependents and liabilities; Now that I've put my mute money to work I guess the next thing is to go for the raise🍻