Tuesday, August 31, 2021

Portfolio Update August 2021 - $20k shed!

August 2021 has come to an end and it is time to review my investment portfolios. More than $20k is shed but I have no feel!

My SGX Income Portfolio value plummets $15k to $264k compared to $279k in end Jul 2021. I hope this is just a healthy 5% correction.

My US Growth Portfolio value inches up to US$3.5k from US$3.4k. I am too late into the game but will build up slowly when opportunity arises.

My SRS Ultra Long-Term Portfolio value decreases $5k to $90.4k. In line with the SGX portfolio, it seems like a healthy 5% correction.

Portfolio Actions

1. Sold 1 unit of MPW2100917 put option with $19 strike price at US$0.23.

2. 2 units of General Electric refunded at US$25.05 due to reverse split 1 for 8.

3. Sold 11,800 shares of Sembcorp Marine at $0.092.


Portfolio Dividends

1. Received $235.80 of dividends from Frasers L&C Trust on 24 Aug.

2. Received $48 of dividends from Sembcorp Industries on 24 Aug.

3. Received $607.25 of dividends from OCBC in SRS on 26 Aug.

4. Received $163.60 of dividends from Ascott Reit on 27 Aug.

5. Received $207.02 of dividends from Keppel Reit in SRS on 27 Aug.

6. Received $105.45 of dividends from Suntec Reit on 27 Aug.

7. Received $235 of dividends from ST Engineering on 31 Aug.



SGX Income Portfolio
S$264k


US Growth Portfolio
US$3.5k


SRS Ultra Long-Term Portfolio
S$90.4k



Thank you for reading. Stay safe and be strong as always. 

With love & peace, 
Qiongster

Monday, August 30, 2021

My Strategy For Sembcorp Marine Rights

I have earlier explained the 5 reasons why I would subscribe to the Sembcorp Marine (SMM) Rights issue even though this company seems to be bleeding non-stop and showing no visible signs of any turnaround. See post:

5 Reasons Why I Would Subscribe To Sembcorp Marine (SGX.S51) Rights? 

As the SMM rights will commence trading on 31 Aug 2021, it is important to decide on the plan of action now. Shareholders of SMM can sell off their entitled rights from 31 Aug 2021, 9am to 8 Sep 2021, 5pm, which is the last day of trading of SMM rights, if they do not wish to subscribe to the rights.

I have decided to subscribe to the rights by paying up through ATM before 9.30pm on 14 Sep 2021. Hence, I do not need to do anything to the rights during the trading period.

Now comes the financing part. Will I pump in capital from war chest to subscribe rights of Sembcorp Marine?

I am indeed reluctant to pump my hard-earned money into Sembcorp Marine for them to pay debts and burn away because investing in money burning business is against my philosophy. Hence I decided to sell off my small stakes of Sembcorp Marine entirely today to recycle funds.


I owned 11,800 shares of SMM and was entitled to 17,700 rights shares. If I subscribe to all of 17,700 rights shares at $0.08, I would need to cough up $1,416. However, by selling off all my SMM shares, I am able to raise $1,040 from its own equity, thereby requiring a small top up of $376, which can be offset by a small portion of dividends (free cash) collected this month. Even if I would to subscribe 20,000 shares (entitled 17,700 with excess 2,300), I need to cough up $560 instead of the original $1,416, significantly reducing my cash outlay with such strategy.

Great minds think alike and the share price of SMM continued to slide today to a low of $0.089 as many shareholders executed the same strategy,  anticipating the great possibility of SMM's share price continuing its drop closer to the rights price of $0.08. In the worst case scenario, its share price could even be lower than $0.08, which is when Temasek subsidiary, Startree will sweep up most of the excess rights shares since nobody with clear mind would pay more than the market price for the rights.

Right now, there are many scenarios for SMM to unfold in the short to mid-term. The first include an acquisition of/ merger with Keppel O&M from Keppel Corp after the rights exercise. The second could be a potential mandatory offer by Temasek subsidiary, Startree even before the acquisition of/merger with Keppel O&M due to Rule 14.1 of the Singapore Code on Takeover and Mergers. There are other speculations such as selling away the combined entity of SMM and Keppel O&M to foreign players after the rights exercise and done deal. We can only sit back, relax and watch the drama unfold as time goes by.

Thanks for reading. As always, stay safe and remain strong.

Thanks for reading,
Qiongster
 


Saturday, August 28, 2021

5 Reasons Why I am Not In Favour of Exchange Traded Funds (ETF)

 


Exchange Traded Funds (ETFs) are a form of investment security that tracks an index, commodity, asset class or basket of company stocks and can be traded on the stock exchange like a normal stock.

There are many ETFs in the markets that allow investors to gain a foothold into the world of investment, through flexible trading, portfolio diversification, proper risk management, low costs and tax savings.

Vanguard S&P 500 ETF (VOO) tracks the performance of S&P 500 by replicating the index through investing all of its assets in the stocks that make up index at the same approximate weightings as the index. Its top holdings include the likes of Apple Inc., Microsoft Corp, Amazon.com Inc., Facebook Inc., Alphabet Inc., Tesla Inc., Berkshire Hathaway Inc., NVIDEA Corp and so on.

Investco QQQ Trust (QQQ) tracks the NASDAQ-100 index by investing in a portfolio of 100 largest non-financial stocks listed on the NASDAQ and weights them by market cap. Its allocation to technology stocks is 48% and and communication stocks is 20%.

Vanguard High Dividend Yield ETF attempts to replicate the FTSE High Dividend Yield Index by investing substantially all of its assets in the high yield stocks that make up the index, including the likes of JP Morgan Chase & Co., Johnson & Johnson, Procter & Gamble Co., Bank Of America Corp., Comcast Corp., Exxon Mobile Corp., Pfizer Inc., Cisco Systems Inc. and so on.

Since ETFs offer great simplicity into the world of investing, provides instant diversification, liquidity, tax benefits, sector investing, great risk management, why am I not in favour of investing through such an investment vehicle?

Let me share on 5 reasons why.

1. ETFs are like gift hampers


ETFs are packaged nicely like a basket of a gift hamper, offering us the convenience to purchase a variety of goodies as gifts.  It can contain cans of abalones, premium mushrooms but are usually filled up by other biscuits and chocolates which are merely fillers to make up the numbers. I may only like abalones and premium mushrooms but will be forced to take up chocolates, sweets and cookies that I do not like. Hence while it is easy to purchase the basket of gift hamper, we could not customise the items inside to fit our preferences.

ETFs usually own all the companies stock in an index or a sector and are overly diversified. We may just want to own the very best stocks and not the other under performing companies stocks. 

Many fund managers of ETFs do not regularly adjust or rebalance the portfolio such that they sell high performing stocks to switch into underperforming ones which offer more value. As the fund needs to mimic the index or sector that it tracks, there is restriction and rigidity in terms of allocation ratios.


2. Hidden costs

The fund manager or institution which manages the ETF does not perform the job for free. Management fees are involved and investors should look at the expense ratio of the specific ETFs which they want to invest in. Expense ratio typically range from 0.2% to 0.6% for ETFs and investors may end up paying more than what the portfolio would cost if they would to invest in individual stocks themselves through low cost trading platforms.

Annual expense costs of an ETF are hidden, complicated and can be associated with all the operating costs to maintain the fund, such as marketing, accounting, legal, salaries of fund board of directors, custodial costs, interest-related charges. These costs are on top of the typical commissions and trading charges we incur upon buying the ETF from the stock market.

I believe the total costs of investing in ETFs can erode the greater potential gains which can be reaped if we were to pick and concentrate on fewer high-quality, performing stocks to invest.


3. Lazy way of investing

Investing in ETFs is a passive form of investing since ETFs offer great convenience and simplicity in "owning" a myriad of company stocks. To me, this is a lazy way of investing. Investors would tend to neglect the tracking of the performance of companies in the ETF portfolio and just regularly dollar-cost average into the ETFs without thinking. 

While a lot of effort can be saved through investing in ETFs, I believe that seasoned investors who are passionate about making their hard-earned cash grow, should really spend time to research on the businesses and companies that they are vested in, and actively adjust or rebalance their own investment portfolios.


4. Indirect ownership of businesses

Being vested in an ETF does not give us direct ownership of the businesses, companies or Reits in the fund as shareholders of an ETF do not have voting rights in the AGMs. The fund manager, or financial institution will be the rightful custodian and owner of the company shares.

If we want to feel like a boss, or major stakeholder through owning a substantial volume of a company shares, then we should invest directly by buying the company's shares.


5. Risks can be higher than we think

As all the stocks in the ETFs either belong to an index, sector or a common trait, their share price movements correlate each other. If there is a stock market crash, the indexes will reflect the crash and such index mimicking ETFs will perform accordingly due to the similar weightage of stocks in the fund. If there is an interest rate hike, high dividend tracking ETFs will tank accordingly due to its composite of all high dividend yielding stocks in its portfolio.

Take for example, the share price of Lion-OCBC Hang Seng Tech ETF (HST.SI) has tanked from the highs of $1.80 in Feb 2021 to around $1 in Aug 2021 due to the recent meltdown of China tech giants.

Investors could be better off building a more diversified portfolio with lower volatility comprising of company stocks from varied sectors and industries than a basket of stocks from the same sector or industry.

Conclusion

With the growing popularity and proliferation of ETFs, the decision on whether to invest in ETFs is subjective and differs among individual investors because it depends on many factors such as risk appetite, investment objective, horizon, sector or industry preference and degree of complementary with existing investments.

Thanks for reading. As always, stay safe and remain strong.

With love & peace, 
Qiongster


 

Sunday, August 15, 2021

My Net Worth Grew 29% past 21 months during this health pandemic

It has been 21 months since the onset of Covid-19 health pandemic in Dec 2019.

The world is nowhere near defeating nor overcoming this deadly and contagious virus.

Lives and livelihoods have been greatly impacted by this crisis.

I am very grateful for the opportunities brought about by this crisis and thankful to be still alive and fully vaccinated now.

To be honest, this pandemic has not much of an impact on my life since I rarely dine out in coffeeshops, restaurants, visit the gyms, cinemas and engage in social activities. The biggest impact to me perhaps is not being able to utilise my vacation leave to travel overseas for holidays.

I decided to review and share on how my net worth grew by 29% over the past 21 months during this pandemic.

In Dec 2019, my net worth was $833k. It surpassed $1m in Dec 2020 and steadily grew to $1.13m in Aug 21, apart from a dip in Mar 2020.

During the pandemic, I continued to live frugally, saving up whatever I could while mostly working from home and invest consistently in the stock market. I indulge in free leisure activities such as watching Youtube, exercising in the park, hanging around in the malls (mostly which I own through Reits). I did little to boost the economy by not splurging on items that I do not need.

As I am fortunate to remain employed in the resilient IT industry throughout this period, my CPF savings grew steadily too. At the beginning of every year in Jan 2020 and Jan 2021, it always bumped up due to the credit of CPF interests. CPF is the only asset class that could preserve our wealth by not allowing us to touch it easily. However, it could still be used to pay for property purchase and my CPF savings dipped slightly in Jun 2021 due to using it for HDB BTO downpayment.


Have a plan. Remain invested in good income-producing and growth businesses. Stay on track towards financial freedom.

Thanks for reading. As always, stay safe and remain strong.


With love & peace, 
Qiongster

Saturday, August 14, 2021

Net Worth Update Aug 2021 - All time high surpassing SGD1.13m

S$1.131m


My net worth grows $6k from mid Jul 2021 to hit S$1.131m now, another all time high!

This is after the latest round of salary income, dividends passive income and CPF contributions.

I have started to make voluntary housing refunds using cash back to my CPF OA, which has been used for down-payment of a HDB BTO flat in Jun 2021.

The stock markets have been sluggish and I do not see much value buys in the market and will scale back on the speed of my investments. The best thing to do now is nothing, while collecting dividends to build up war chest.

Besides tracking financial wealth, it is important to focus on health too. I have not exercised for several weeks during the vaccination regime and will be starting to exercise again soon.

Thanks for reading. As always, stay safe and remain strong.


With love & peace, 
Qiongster

Thursday, August 12, 2021

Free Pfizer and Haidilao shares from a low cost, secure and robust trading platform!

I have shared in previous posts on my journey of building a new growth portfolio in US stocks using this new online brokerage platform, moomoo.

Let me explain the reasons why we should grab hold of this great opportunity to start investing or trading in US, HK and SG stocks using this new platform.


After signing up for a Moo Moo account (Sign Up via this Referral Link or clicking on the image above), funding the account with at least SGD 2,700, USD 2,000 or HKD 16,000 within 30 days of account opening, downloading the Moo Moo trading app from Apple App or Google Play store and completing the simple onboarding tutorial activities i.e. follow any user in the community, post 1 comment in the community to unlock Treasure Box No. 1, one Pfizer (PFE) share will be credited to your account.

To receive the other free share of Pfizer (PFE) which will be given out starting 2 August 2021, 8pm SGT, you just need to complete 3 successful trades in the US stock market.

To receive 5 shares of Haidilao (6862), you need to make 3 completed trades in the HK stock market.

All tasks must be completed within 30 days from account opening.

The linkage via DBS/POSB bank account is seamless and after getting the free Pfizer and/or Haidilao shares, we could even withdraw our monies back into our bank account.

In the Moomoo app, there is a quiz event which tests our knowledge of investment and understanding of Moomoo trading platform, allowing us to win cash daily till 10 Aug 2021. There is also paper trading US Stock competition allowing us to earn Blackberry shares by making trades for 7 days or be ranked amongst the top 100 traders. 

Furthermore, you will enjoy 180 days of unlimited commission-free trades, free Level 2 Market Data for US stocks and free Level 1 Real-Time Market Data.

You could also make referrals and enjoy SGD 30 cash coupon and additional 30 days of unlimited commission-free trades for each person.

In addition, for successful positions/shares transfer-in to the trading account, you will be entitled to a $50 cash coupon for the first transfer-in only.

The promotion is until 31 August 2021, 7.59pm SGT as of time of writing, so act fast whilst it lasts.


Safe, Trusted and Secure

The Moo Moo trading platform is powered by Futu Singapore Pte Ltd. which is a subsidiary of Futu Holdings Limited, a leading Financial Techology company listed on the NASDAQ (NASDAG: FUTU) and backed by Tencent Holdings (SEHK: 700), venture capitalist firm Sequoia Capital and Matrix Partners.

Futu Singapore Pte Ltd. is licensed and regulated by the Monetary Authority of Singapore (MAS) License (No. CMS101000). US securities in the account are protected by up to USD 500k and cash in the account by up to USD 250k by Securities Investor Protection Corporation (www.sipc.org). Its local office is located 160 Robinson Road, #25-07, SBF Centre, Singapore 068914.


Very Low Cost

The Moo Moo trading platform charges very low commission and platform fees as follows:

Commission Fees (subjected to 7%  GST)

US Stocks, ETFs & ADRs: USD 0.0049 / share, min USD 0.99 / Order

HK Stocks & ETFs: 0.03% of investment amount or HK$3, whichever is higher 

Singapore Stocks, ETFS & Reits: 0.03% of transaction amount, min. SGD 0.99

Platform Fees (subjected to 7% GST)

US Stocks, ETFs & ADRs: USD 0.005 / share, min USD 1 / Order

HK Stocks & ETFs: HK$15 per order

Singapore Stocks, ETFS & Reits: 0.03% of transaction amount, min. SGD 1.50

Do note that other regulatory fees i.e settlement fee, SEC fee (sell only), ADR custodian fee are waived during the promotional period and may be applicable in future. For futures and options, the fees charged are also higher than the above and listed on https://support.futusg.com/en-us/topic143


Good Headstart

With free shares to lay the foundation of building an investment portfolio, low trading costs to maximise gains and minimise losses, the Moo Moo platform also offers an intuitive and robust investment platform, rich in trading analytic tools, access to global financial news and investment community. All these factors sum up to provide a very good head start to new investors and even veteran investors or traders who are continually improving and honing their games.


User Friendly and Good Customer Service

Moo Moo offers robust, fast and user friendly platforms for trading on all mobile devices and computers. I have tried out the platforms and was impressed at the rich features, quality of interface and speed of executing tasks.

The customer service is responsive and besides using conventional emails to reach them, there is AI chatbot which we can ask all sorts of questions pertaining to the trading platform and even reach out to real customer service agent. I have engaged the customer service and managed to get my queries and doubts answered promptly.

I believe that I have found the right platform to give myself a headstart into US stocks. This new brokerage still has plenty of room for improvement. For eg. access to UK, Europe and other asian markets, robo investment features, FX trading and so on. However, I would recommend beginners and those who have not traded foreign stocks before to just grab the free Pfizer and Haidilao shares, and learn to trade using paper account or small amount of real money to gain real experience. Investing begins with the very first step.


Thanks for reading. Stay safe and remain strong as always.

With love & peace, 
Qiongster

Disclaimer: This is not a sponsored post but a post for me to share about my experience and reason behind signing up and using this new low cost trading platform. Investment comes with risks and please dyodd. 

Monday, August 09, 2021

Happy National Day and my small contribution to Singapore's path towards normalcy

Happy Birthday Singapore! 

Today marks the National Day of Singapore and its 56th birthday.

Even though it is a public holiday, I have an appointment for second dose of vaccination at the nearest community centre.

I am writing this while waiting 30 mins at the observation zone before being discharged.


Free masks and sanitizer given after getting vaccinated. 

I hope the side effects to be experienced will be bearable this time and look forward to regaining back most, if not all of my freedom, as a vaccinated person in time to come.

Life will get better, only if we believe so.

Thank you for reading. Stay safe and be strong as always. 

With love & peace, 
Qiongster




Thursday, August 05, 2021

Free Pfizer and Haidilao shares from a low cost, secure and robust trading platform!

I have shared in previous posts on my journey of building a new growth portfolio in US stocks using this new online brokerage platform, moomoo.

Let me explain the reasons why we should grab hold of this great opportunity to start investing or trading in US, HK and SG stocks using this new platform.


After signing up for a Moo Moo account (Sign Up via this Referral Link or clicking on the image above), funding the account with at least SGD 2,700, USD 2,000 or HKD 16,000 within 30 days of account opening, downloading the Moo Moo trading app from Apple App or Google Play store and completing the simple onboarding tutorial activities i.e. follow any user in the community, post 1 comment in the community to unlock Treasure Box No. 1, one Pfizer (PFE) share will be credited to your account.

To receive the other free share of Pfizer (PFE) which will be given out starting 2 August 2021, 8pm SGT, you just need to complete 3 successful trades in the US stock market.

To receive 5 shares of Haidilao (6862), you need to make 3 completed trades in the HK stock market.

All tasks must be completed within 30 days from account opening.

The linkage via DBS/POSB bank account is seamless and after getting the free Pfizer and/or Haidilao shares, we could even withdraw our monies back into our bank account.

In the Moomoo app, there is a quiz event which tests our knowledge of investment and understanding of Moomoo trading platform, allowing us to win cash daily till 10 Aug 2021. There is also paper trading US Stock competition allowing us to earn Blackberry shares by making trades for 7 days or be ranked amongst the top 100 traders. 

Furthermore, you will enjoy 180 days of unlimited commission-free trades, free Level 2 Market Data for US stocks and free Level 1 Real-Time Market Data.

You could also make referrals and enjoy SGD 30 cash coupon and additional 30 days of unlimited commission-free trades for each person.

In addition, for successful positions/shares transfer-in to the trading account, you will be entitled to a $50 cash coupon for the first transfer-in only.

The promotion is until 31 August 2021, 7.59pm SGT as of time of writing, so act fast whilst it lasts.


Safe, Trusted and Secure

The Moo Moo trading platform is powered by Futu Singapore Pte Ltd. which is a subsidiary of Futu Holdings Limited, a leading Financial Techology company listed on the NASDAQ (NASDAG: FUTU) and backed by Tencent Holdings (SEHK: 700), venture capitalist firm Sequoia Capital and Matrix Partners.

Futu Singapore Pte Ltd. is licensed and regulated by the Monetary Authority of Singapore (MAS) License (No. CMS101000). US securities in the account are protected by up to USD 500k and cash in the account by up to USD 250k by Securities Investor Protection Corporation (www.sipc.org). Its local office is located 160 Robinson Road, #25-07, SBF Centre, Singapore 068914.


Very Low Cost

The Moo Moo trading platform charges very low commission and platform fees as follows:

Commission Fees (subjected to 7%  GST)

US Stocks, ETFs & ADRs: USD 0.0049 / share, min USD 0.99 / Order

HK Stocks & ETFs: 0.03% of investment amount or HK$3, whichever is higher 

Singapore Stocks, ETFS & Reits: 0.03% of transaction amount, min. SGD 0.99

Platform Fees (subjected to 7% GST)

US Stocks, ETFs & ADRs: USD 0.005 / share, min USD 1 / Order

HK Stocks & ETFs: HK$15 per order

Singapore Stocks, ETFS & Reits: 0.03% of transaction amount, min. SGD 1.50

Do note that other regulatory fees i.e settlement fee, SEC fee (sell only), ADR custodian fee are waived during the promotional period and may be applicable in future. For futures and options, the fees charged are also higher than the above and listed on https://support.futusg.com/en-us/topic143


Good Headstart

With free shares to lay the foundation of building an investment portfolio, low trading costs to maximise gains and minimise losses, the Moo Moo platform also offers an intuitive and robust investment platform, rich in trading analytic tools, access to global financial news and investment community. All these factors sum up to provide a very good head start to new investors and even veteran investors or traders who are continually improving and honing their games.


User Friendly and Good Customer Service

Moo Moo offers robust, fast and user friendly platforms for trading on all mobile devices and computers. I have tried out the platforms and was impressed at the rich features, quality of interface and speed of executing tasks.

The customer service is responsive and besides using conventional emails to reach them, there is AI chatbot which we can ask all sorts of questions pertaining to the trading platform and even reach out to real customer service agent. I have engaged the customer service and managed to get my queries and doubts answered promptly.

I believe that I have found the right platform to give myself a headstart into US stocks. This new brokerage still has plenty of room for improvement. For eg. access to UK, Europe and other asian markets, robo investment features, FX trading and so on. However, I would recommend beginners and those who have not traded foreign stocks before to just grab the free Pfizer and Haidilao shares, and learn to trade using paper account or small amount of real money to gain real experience. Investing begins with the very first step.


Thanks for reading. Stay safe and remain strong as always.

With love & peace, 
Qiongster

Disclaimer: This is not a sponsored post but a post for me to share about my experience and reason behind signing up and using this new low cost trading platform. Investment comes with risks and please dyodd. 

Where are you at in the 7 Stages of Financial Life Cycle?


I feel lost as I reflect on the degree of financial freedom I want to achieve towards the next 5 years.

Should my passive income cover all my needs, wants and/or luxury in order to declare financial freedom or independence?

Hence, I decided to review, recap and share on the varying levels of Financial Independence Retirement Early (FIRE) based on my own understanding and definitions.

Generally, there are 7 stages in our financial life cycle.

1. Financial Dependence

When we are born, schooling and yet to work, in our childhood and adolescence days, we rely on parents for allowances. We are financially dependent on our family when we have no income in younger days.

2. Financial Solvency

Once we start work and start to have income, we are able to pay our bills and spend on things we need and want. But we may rely on the next pay cheque for next month's expenditure and paying credit card bills, living a hand to mouth life in this phase.

3. Financial Stability
We work for a few years, start to have accumulate savings, build up emergency funds for rainy days and purchase some insurance to cover our hospitalization or critical illness. We acquire skillsets, gain experience in work, climb up the corporate ladder, earning more income and contemplate switching jobs or careers.

4. Financial Security
We have cleared all or most liabilities, such as housing mortgage and car loans, attaining low to zero debt financial position. Started to invest and have some passive income, which is sufficient to cover most but not all basic living expenses. Like previous financial stability phase, we continue to acquire skillsets, gain experience in work, climb up the corporate ladder, earning more income and contemplate switching jobs or careers. FIRE is a wild dream on the cards - too near yet too far to achieve.

5. Financial Freedom
We have achieved the milestone of having passive income covering all basic needs' expenses. Being debt free, financially stable and secure, we continue to work because we want to and not because we have to. Here is the phase where we have choices and freedom to do what we want with our time. To quit job, to spend more time with family, to pursue own passions etc.

6. Financial Independence
We continue to work and/or invest to grow net worth and our passive income can cover all basic needs and expenses, plus all wants such as holiday trips and some luxury items such as branded clothes, electronic gadgets and accessories. Here is the phase where we continue to have choices and freedom to do what we want with our time, and being able to splurge on wants.

7. Financial Abundance
Owning more money than what we need. Here is the phase where our money cannot be spent finish in our lifetime and our fortunes can leave a legacy for future generations. This is the hardest phase to achieve, especially for salaried workers. This phase is usually achieved by entrepreneurs or lucky chaps who got a windfall from lottery or strike jackpot in some games of their lives.

I believe most working adults are trapped in Phase 2 to 4, with some savvy ones, who gamed on the power of compounding and investment, in Phase 5 and 6.

Personally, I am in Stage 4 and striving towards achieving Stage 5 in the next 5 years. 

Phase 7 is a dream, Phase 6 is a vision and Phase 5 is a goal which is difficult to attain, yet realistic and not impossible.

Where are you at in the 7 stages of financial life cycle?

Thank you for reading. Stay safe and be strong as always. 

With love & peace, 
Qiongster