Its Chinese New Year I wish to firstly wish all my readers Gong Xi Fa Chai, Shen Ti Jian Kang, Shi Shi Xun Li!
This year is the year of the dragon. Typically this seems like a good thing since Dragon usually symbolizes prosperity and wealth. Not so. Judging by most accounts, this earth dragon year will be very challenging.
For those born in the year of the monkey this is an average year, and best not to invest in the stock market (!!!)
The worse thing is that health would be bad this year for most.
During Chinese New Year, we usually went house visiting and it’s a time to catch up with friends and family that you seldom meet.
I heard some really good experience, I heard some bad ones.
Most of all being frugal has a lot of upside. One of my uncle got retired in his 40s and have been living frugally for 20 years and was able to make ends meet. My other uncle did well in his career, owns a semi-detached yet remain very sound and frugal in his every day living. It pains me to find out another of my uncle struggling to stop working at an age of 60+ because they are still needing money day to day.
Living a minimalistic, de-cluttered lifestyle and having a frugal mindset about how you plan and spend money can not just enable your money to work better for you, makes you focus on what really matters and most of all give you confidence in life.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- Singapore Savings Bonds SSB January 2024 Yield Plunges to 3.07% (SBJAN24 GX24010F) - December 1, 2023
- New 6-Month Singapore T-Bill Yield in Early-December 2023 Should be Slightly Higher at 3.85% (for the Singaporean Savers) - November 30, 2023
- Have the World or Emerging Market Healthcare Stocks Outperform the World and EM Index? - November 26, 2023
Drizzt
Tuesday 24th of January 2012
Hi Guru apparently is earth dragon in water year!
Guru
Tuesday 24th of January 2012
Hey Drizzit,
I think this year is a water dragon year :) gong xi fa cai!
Temperament
Tuesday 24th of January 2012
"Happy CHINESE NEW YEAR TO YOU AND ALL READERS TOO."
Sorry, correction; indulging a bit occasionally can lah! But wasteful or show-off can not lah! HA!HA! For not only i must reserve, my reserve must be preserve ma! Not only that, preserve must keep growing a little bit too. Or else how not to run out of $$$ now we are "retired" Cheers!
Temperament
Tuesday 24th of January 2012
Till i can live on my interest on the interest of my principle, i can not afford not to be frugal.
Drizzt
Tuesday 24th of January 2012
h Temperament, happy chinese new year! I am surprise you cannot afford to indulge abit haha.