Dear readers, on SG Stocks Investing, I have always advocated for readers to save more as it is through savings that we build up the capital for our investments. I am also of the view that the global financial markets will correct after the last financial meltdown of year 2009. Hence for astute investors, it is wise to save up for an investment warchest to take opportunities of the stock markets when the markets correct.
And there are now even more reasons to save up more. It was recently announced that electricity prices may hike next year due to the trend of energy prices increasingly globally. Also, the plan to increase the GST from 7% to 9& has been planned between 2022 and 2025.
Always spend on our needs and reduce our spending on wants and be always Grateful for the things we have!
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