Dear readers, today let us turn to a very simple topic: why you should save even more now!
I believe many of you may ask me why I even want to write this post given that many of us grow up knowing that savings is very important. I know for sure savings is important because since my full time National Service Days even till now, I have been tracking each and every single cent that I spend and save.
Why you save even more now is because the economy is bad, save more for rainy days. This is the most obvious reason.
But do you know that there is one more reason why you should save even more now? This reason may not be obvious to many but for every $1 you save now, you could turn it over to more than $1. How is it possible you may ask?
Well, the next stocks markets corrections, which is more than a decade in waiting is about to come. When that happens, be sure you have already had an investment warchest ready to go bargain hunting buying and investing in stocks once they are at very attractive propositions. So that when the stocks markets head up next, your $1 of savings invested into the stocks will become worth much more than the $1.
So when some investors are still investing their monies into the stocks markets now, refusing to believe that the broader trend is inevitably down, the wise investors have already pulled their monies off the stocks markets into their investment warchest. And during the time of waiting, they deploy their savings into good uses to earn some pocket monies through fixed or short-term deposits.
This is in fact the strategy that I am using right now. Not that I am a genius investor. Just that I have had lots of experience in the stocks markets and most importantly I have learnt the lessons that many investors have not learnt yet. And share with you here right here on SG Stocks Investing!
For SG Stocks Investing is Singapore and Global, Sustainable and Growth! Thank You once again for reading another post of mine! Have a Good Day ahead!