I've been reading through many Singaporean investment bloggers. Many people, in their late 20s to early 30s, already have SGD 100k to SGD 300k investable liquid assets. I just turned 20 not long ago and I have...below 20k. Understandable, since I'm an NSF...
Unfortunately...this will dog me through to my early 30s, or even further. Why?
I'm going to England for University...after being rejected by a certain faculty in NUS.
It's going to cost me(read: parents) a bomb...In excess of SGD 300,000.
Obviously there has to be a ROI on that investment...
How long will I take to earn back 300k (with interest!)?
Looks like I'll be a low net worth individual (indeed, a negative net worth) for quite some time...
Back to stocks today:
-I was sorely tempted to pick up KeppelCorp warrants again this morning after they fell back to $0.325 (as KepCorp fell to $10.60). Decided not to, as TA tells me it isn't a good time, and also because I went out with my friends in the afternoon (just came back actually), and ANYTHING can happen...
-First REIT rose to $0.705, which kind of prices me out. I was (still am) looking to enter at $0.680.
-Dapai fell again to $0.190. Will probably buy some (5-7lots) before 4Q 2010 results come in early Jan.
-STI ETF fell to $3.20. Still too expensive for me. STI has formed a head and shoulders formation. Might see some downside. Will be in the sidelines for now.