I just realised I haven’t posted anything yet for the month of October 2017. It was a busy week at the start of the month as we had to finish up our work before leaving for our holiday to France. Anyway, we are here now and it’s been good so far! My wife is still sleeping so I thought I will sneak in a quick post before we drive out later for our day trips.
Even though I am on an overseas holiday, I like how easily I can still monitor our investments. Markets have been trending upwards so there’s no manual investing actions for me to take. The automatic monthly investment plans and contributions to the robo-advisor accounts are proceeding as per normal. I could get used to this. Not having to continuously worry, look for investment opportunities or think about how to time the markets.
The plan is for us to continue to travel more, see the world and we hope to do this even with kids. Once our asset portfolio in Singapore grows large enough, I plan to set up similar asset portfolios in other countries. Especially financial centres that are safe and will protect our monies while enabling them to grow. Really globalise our wealth footprint in accordance with our travel footprint. Ambitious goal but definitely something worth working towards.
Hey, first time posting here. Like a mobile phone provided by the office, the ability to monitor prices all the time can be a double edged sword. 🙂
I like your idea of having asset portfolios in other countries and had posted something similar on my blog as my wife and I plan to slow travel around the world and/or have long vacations from a base in Singapore, hence we need to ensure that our purchasing power remains on par with the world average. Difference being I’m building up a diversified portfolio from the start via ETFs that invest in various countries across the globe. Many options to choose from but you could look into IWDA or VWRD. (note that the US portion is >50% so depends whether you have an opinion on whether it’s a fair buy at this stage).
Enjoy France, and do a post to share your travels please!
Hi, good to see you here and I have started following your blog as well. Yup, there can be a tendency to over-monitor the prices because it’s so convenient.
We buy into LSE-listed Vanguard ETFs in USD to build up a more diversified portfolio as well. This should hopefully help with our purchasing power by managing the currency risks. That’s a good travel plan and we might employ something similar.
Haha, I don’t usually post about my travels on the blog but I have started posted pictures of the places we went to on my Facebook page. Seems more interesting that way!
Heheh … the benefit of automated asset allocated monthly investments has been enjoyed by US (401K, IRA, Roth), UK (ISA), and Oz (Superannuation) for many years already. The trick is to stick with it thru the hard times … and being willing to put in more when markets crash 50% to 70%…
In 2009 there were plenty of US news articles about how the GFC destroyed the retirements of many baby boomers, and that they have to continue working until drop dead. Well, as long as they didn’t panic & stuck to their asset allocations, many were made whole again by 2013/2014. Those that had war chests & willing to buy assets on the cheap accelerated their recovery.
Yup, I realised how effective automated monthly investments can be from my Superannuation in Australia. As you said, increasing the contributions during difficult times can be tough but this actually increases the overall returns significantly once the markets recover.
Agreed. The 2008/2009 GFC market crash was disastrous only if you switched out your asset allocations to cash and never got back in the markets. Those who did nothing and maintained their contributions would have already benefited quite a bit. Those who raised their contributions would have profited a lot more.