SG Budget Babe
Asked on 03 Dec 2019
What is the best investment decision you've made in 2019 and what lessons did you draw from it!
Contrary to my own belief, the best investment decision I made is not investing in any stock. It's joining an investing course which has a group of like-minded community to help me along. Since then, I have cut all my weeds in my portfolio, and grew some beautiful flowers. I used to see these courses as a "cost", and I was super hesitant. What for pay for something I can learn myself? And in the end, I joined because I trusted my friend and one of the co-founder was nice enough to meet me to explain about the course. I decided to take the "risk" and go for it. And I come to realize - an investing course is not only about learning investing. The most important thing is the community there, who will guide and push me towards my financial goals. And that my friend, is one of the best thing that I have experienced in my investing journey!
I dare say it will be my best investment decision even for 2020. Hands down!
Top Contributor (Jan)
By far the best thing I did was to just continue to execute my investments and strategy with a long term view. This strategy has been in place for years now and just needed some minor tweaks along the way.
That basically meant continuing to build on my multiple sources of income. I feel a little more secure at this stage than at the start of the year as I review my numbers and see a healthy improvement in my passive income compared to 2018, and also comparing my CPF numbers with last year.
Investing in my own physical and mental well-being.
It's easy to get caught up in generating more money, but ultimately health is wealth. Cliche but so true!
But in terms of investment decisions - selling off shares that I actually forgot about at 2X2Y.
Finding a way to consistently sell puts on Disney. Experimenting with this method on other stocks as well.
The best decision so far is to pick up knowledge and skill in growth investing from this group of like minded people. My mentality totally changed as I look at companies very differently now with strict set of checklist to help me focus my time to research only the best potential companies. Don't have to rush into getting your first stock but set the foundation right is very important.
Best investment decision i have made is not into stocks. But into one of the investment course where there are so many light minded people around sharing their knowledge and helping each other everytime. With all the knowledge i have learned from this course, i manage to turn around my portfolio from down 20% to positive > 20%!
Invest in myself, both professionally and physically.
I have the opportunity to develop myself professionally at my workplace, which allows me to gain soft skills that are relevant in the corporate world.
Apart from that, I tried to move towards income investing in 2019, and it has not gone truly well to plan but I guess and hope I'll be on the right track, come 2020.
Top Contributor (Jan)
Invest in myself! This is definitely the best investment ever! - from learning, expanding my knowledge and skills, sharing what I do best with like minded individuals, and to create quality time with family and for charity. ❤️
Here is everything about me and what I do best.