$Tiger Brokers(TIGR)$  

$Tiger Brokers(TIGR)$  

Every month, we get some money from varies things that we do. For most of us, it will be in the form of salary or wage. As an average working adult in Singapore, one of the most expensive countries, we always find ourselves struggling with keep up with bills, food, entertainment and other necessities. I used to manage my money by writing down what I spend on and how much I save. But as work started to pile up, this became almost impossible to keep up with. What I do now is to pay my bills and other necessities. Whatever cash I have remaining is for me to use as I please. The only reason I can do this, is because I know myself well and I don't splurge at every given moment or opportunity. So far, this plan has been working out well for me because it gives me more confidence in investing mon

$iShares Bitcoin Trust(IBIT)$ $CME Bitcoin - main 2405(BTCmain)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $MicroStrategy(MSTR)$  Good time to start accumulating #Bitcoin   for a run to 100k. Accumulate. Not ALL IN. 57k/60k zone.

$Tiger Brokers(TIGR)$   Save before spending, that has always been my moto in life... Though am more of a saver, I do spent a bit more and indulge myself a little from time to time...        I save around 20%, invest around 20-30% (depending on the market) and for expenses, most of the time is around 10% (though at time it could go up to 40%) and the balance, will tend to save if nothing come up...        @GoodLife99  @LMSunshine  @koolgal  

easily 50% cause of inflation..

$Tiger Brokers(TIGR)$  In my early working years, I forced myself to invest more than 50% of my income. Internet and investment platforms such as Tiger brokers wasn't available so I went through the banks' ILPs. My idea at that point in time was that I can't touch the money in ILP so it acted as a forced savings for me. I had 3 ILPs with varying maturities and varying amounts. At one point I was investing 1k sgd a month, leaving only 400 for daily expenses.  10 years after I started the ILPs and maturities, I realized that the fees in the ILPs ate up a lot of the returns. However, in hindsight, I did have a good amount saved up through this method. After that and through a lot of trial and error, I have revamped my budgeting and inv

Replying to @MHh: @Success88 @HelenJanet @Universe宇宙 @Fenger1188 @Kaixiang @DiAngel @SR050321 @rL @SPOT_ON come join //@MHh:All Singaporeans need to contribute to CPF. Of the balance, abo

All Singaporeans need to contribute to CPF. Of the balance, about 15% to parents, 10% to expenses, 50% to investment then the rest save or to have cash on hand to allow me to add positions. But i do expect that 50% in investments to drop if my plan to get my property comes to fruition. A significant proportion will be needed to pay mortgage

$Tiger Brokers(TIGR)$ $SPDR S&P 500 ETF Trust(SPY)$   After factoring necessary expenses like rent, food, transport, and putting a bit into the emergency rainy day fund, I think any excess should be put into the stock market to generate good returns for the future.  A low cost, diversified ETF is the way to go. And do not make the mistake of trying to time the market, most people get it wrong and end up losing money. 

$Tiger Brokers(TIGR)$  The ideal allocation of a monthly budget varies depending on individual circumstances, but a common guideline is the 50/30/20 rule: - 50% for necessary expenses (needs): - Rent - Utilities (electricity, water, internet) - Food - Transportation - 30% for discretionary spending (wants): - Entertainment (dining out, movies, hobbies) - Personal expenses (clothing, accessories, gadgets) - Travel - 20% for saving and debt repayment: - Emergency fund - Retirement savings - Paying off high-interest debt (credit cards, personal loans) However, this is just a rough guideline, and the right allocation for you will depend on your individual circumstances. For example: - If you have high-interest debt, you may want to allo

$Tiger Brokers(TIGR)$ most of my money goes into food. Eat well, as in healthy high quality food. No point earning so much if you don't have the life to spend it. Stay healthy. 

$Tiger Brokers(TIGR)$ There is a difference between expenditure (spend) and investment (invest), there is also a difference between trading (speculative) and investing (speculative but for the long term). Trading is like buying 4D, you win some, you lose some. Investing is like buying a business, you win over the long term if you do enough homework. Allocate your money mainly for investment and keep some for trading when opportunity arises.

The thing about trading is that you can put in as much as you want as long you can Risk losing it in the long term. Please don't put money which you need to use or spend in the short term and definitely don't use money which you need for food, loans, rent, clothes and basic essentials etc or when you need it for family or kids too. It's just common sense ya.

$Tiger Brokers(TIGR)$ I don't think this way. I never spend a dime of my salary. If I want to spend money , it has to be the passive income I generate from option trading. So, expenditure has to come from a 2nd income I must generate ( rich daddy poor daddy said that) .

$Tiger Brokers(TIGR)$ I agree, I'm always looking for ways to cut costs so I have more money to invest. But my grandmother always told me "everything in moderation, including moderation" so i think sometimes it's ok to have a blowout 

$Tiger Brokers(TIGR)$ I agreed with the writerup because investors are just looking ways how they can expand their portfolios and how tomake more profit.

I would allocate 500 to trading every month then i will dance.

Monthly budget is like new year resolution on wish list but not follow through exactly. Target at least 10% for saving/trading.