facebookWhat are your 2020 New Year Resolutions for your personal finance and investing matters? - Seedly

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Shengshi Chiam, CFA

Personal Finance Lead at Endowus

01 Jul 2020

SeedlyAMA

What are your 2020 New Year Resolutions for your personal finance and investing matters?

For me I have 3 main goals for 2020:

  1. To carry on investing consistently for CPF/SRS/Cash
  2. To get my parents a good miles card so that they can finally tryout business class
  3. Properly do up my will and CPF nomination, give my passwords to my sister so that if anything happens to me, there will be less stress on my family.

Discussion (46)

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Andy Sim

09 Mar 2020

HR Professional at a Financial Institution

1) To save up for mortgage
2) To take up and learn more about the technicals of investments through courses
3) Increase income through side hustles and main job salary increment

'same procedure as evry year':

-invest regularly as much as you can from your salary

-invest ultra-longterm with passive indexing ETFs

  1. Seek advise from the experts around on how to plan and manage personal finance better

  2. Cutting unnecessary expenses and insurance.

  3. Cancel off credit cards that hardly use

  4. To expand on REIT portfolio for diversification

  5. To start RSP investment

  6. Review current service providers of services used and look for cheaper & better alternatives.

  7. Aim to save min 30% of my salary, with current household expense getting higher as both parents retired

2020

Financial Resolutions:

  • Upside my Investment portfolio value to 300k

  • Properly document dividend yields

  • Balancing my Growth & REITs portfolio

  • Give Robo (Endowus) a try

  • Tracking a few Growth stocks amidst a recession (when it eventually happens)

Own resolutions:

  • Partake in less stressful events

  • Be more generous to oneself and others

View 2 replies

These are my 2020 finance goals!

  1. To start learning about investing and perhaps start to invest....

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