Investment

I have only started investing and adopting the dollar cost averaging approach in July this year. This strategy is to use a certain sum of money to buy a number of shares at a certain price at a fixed interval. It helps to lower the cost of the shares over time and helps people who are busy to just buy and sort of forget. This is for my future retirement which is currently set at the age of 65 but might be 75 by the time I retire. Sometimes I dread the feeling of buying the shares as it seemed like I am spending those money away. Most people, including me, are short sighted, not stricken with myopia, even though I am, but being only able to consider short term gains. A lot of us are unable to resist the short term temptations that are right in front of us. For example, we might want to get a better phone or a tablet but do not have sufficient money due to our investment strategy. I know it is extreme but I do think that those are a waste of money currently as I am still studying and do not have an income.

Seeing my bank account depleting every month really pains me and makes me envious of the richer people who are out there having fun, spending money freely. As on Instagram or Facebook, I saw many people travelling overseas for holidays feeling happy. Or many people have the money and option to go overseas for exchange and they spend most of their time there travelling around, exploring new places and trying new things. It must be nice to be rich, but I will not blame anyone for not being as rich as them. What I believe is that those people will spur me on to save harder and hopefully have more money to invest. With the savings, I will be able to travel around and maybe spend more freely. With this, I hope everyone has a goal in their mind and work towards it. I will not recommend anyone to follow my investment strategy and I hope you will read up more about different investment strategies, explore before adopting one that is suitable for you.

Do plan for your future!