ShibaMiyuki
05-11

$Tiger Brokers(TIGR)$ 

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 investing style. 

About 50% goes into my monthly investments through different platforms.

Another roughly 30% goes to high yielding semi-liquid funds and fixed income like the money market ones that Tiger Broker has.

The rest would be towards my expensea, if there is any left overs, I will put them toward high yielding semi-liquid funds. 

I also allocate a very small amount every month to Cryto. 

Time is really one of the best compounder provided we are consistent and know when to cut losses.

How Do You Allocate Your Monthly Budget?
When someone asks what investors spend the most money 💵💵 on each month, it's undoubtedly the stock market. Some say that investors are thrifty in real life, reluctant to spend an extra penny, but they spend lavishly in the stock market. When planning monthly expenses, they allocate just a bit 🤏 for food and put most money into the stock market and banks.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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