Hi to all readers!
Firstly, I would like to welcome you on-board as we begin on the first of the many series of posts that I will be doing.
For a simple introduction, my name is Timothy Lee. I'm in amidst of serving my second year in national service (Age:21) and will be enrolling to a Singapore university as an biochemistry undergraduate once my service is done. My plans for this blog are to mainly act as a journal to record my financial journey and to contribute any knowledge, to the best of my abilities, regarding personal finance, investing and government policies affecting personal finance.
Ever since I was 12, I started to save and began my first investment when I was 19 prior to my enlistment. During my national service, I aimed to become a better investor and started reading up on investment-related books, visited forums and explored many different personal finance blogs similar to my own. Thanks to "Shiny Things" forum and the book "The little book of common sense investing" by the late John C. Bogle, I have decided to adopt an index/ ETF investing as my investment approach but with tactical asset allocation added into the mix as of this date.
My financial goal would be to have an investment portfolio that is large enough to generate sufficient passive income to fund my living expenses. With this goal, it always drive me to better equip myself with more financial knowledge as a retail investor and pick up more efficient habits that will improve my life as I move through this journey. I would also hope that I will able to pass on these knowledge to everyone and future generations to come as a contributing member to society.
(How this blog is going to flow)
As I looked through other personal finance blogs, I realized that a good number of authors (with strong financial background) are trading quite frequently with numerous positions set up in many individual companies. This made me curious which investment approaches are more suitable (perhaps even better) for the working class people. This gave me an idea that I could compare the returns of my investment portfolio against the portfolio on their end.
(As a disclaimer, I am definitely not indicating that my investment approach is superior to them and probably some will do better than me, I just think that it will be fun to have some peer results to base my portfolio on.)
Hence, other than the blog just being a knowledge hub, it will also be a financial tracker as I will be writing down all of my assets value, positions I'm taking and my portfolio performance (probably every month). I will also continue to look out for new personal finance blogs and if there's any new additions/modifications to the blog will be indicated beforehand .
If at any point you're inspired to start to your own financial journey to freedom, I would say that there are mountains to climb but have no fear and take that first step! It will be hard but it will train you to be more mature, discipline and have a edge over your peers. As I always say to myself :" The easiest way to live your life may not the best one out there."
If you ever need any help, please feel free to contact me @timothyleeblog@gmail.com .I would be most willing to help you to the best of my ability.
Let's begin this journey everyone!
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