Personal Finances
This Personal Finance category contains records and reflections on my personal finance management, options and stock trading, investment strategies, portfolio plans, actions, outcomes, and learning points.
Options
I was introduced to options trading in April 2021 by a friend. At first, I couldn’t wrap my mind around it but am now happy to say that I have picked up the basics. It has been a humbling experience.
My main objectives for trading options are:
Generate some income
Purchase stocks I want at a discount
I keep a log of all my options and stock trades in Google Sheets. Strike prices, risk and reward ratio, win rates, yield percentages, etc. I find this log helpful for review and planning.
I was told that journaling my options trades and reflecting on my trades afterwards will help improve my trading. That is what I am trying to do here.
Financial Peace
I have gone through sufficient financial mistakes to know that I need guidance. I came across Dave Ramsey’s Baby Steps to Financial Peace and found that it shared similar traits with the Singapore Government’s approach to helping citizens secure financial stability.
I decided to find out more and apply any that I found useful to the Singapore context. I document my learning points and reflections here.
Latest Updates
-
My 2023 SRS investment – Dogs of STI
This is an account of how I work out my SRS investment for 2023. It also corresponds to Dave Ramsey’s Baby Step 4 – Invest 15% of Your Household Income in Retirement.
-
Learning to Be an Investor
An ongoing journal recording my journey as an investor. I know so little about investing in the 21st century. If I fumble around, I am going to lose a lot of money. I need to spend some time and effort to learn more about it and myself.
-
Dave Ramsey Budgeting in Singapore
I started following Dave Ramsey budgeting principles to create my monthly written budget.
-
Following Dave Ramsey’s Total Money Makeover Plan in Singapore
I want to better manage my finances as I resume work after nearly a year of rest. I am using Dave Ramsey’s Total Money Makeover to guide me on my financial journey.
-
A Compilation of The Spill Newsletters
I find the analysis of US stocks and ETFs by The Spill newsletter excellent. I am compiling those I find particularly interesting.
Explore via Tags
1 Corinthians Verses 2 Corinthians Verses Anthem of Grace Album Audio Compilations Baby Knitting Patterns Book Notes British Crime Drama British Drama Series Charlie Chan Chinese Christian Songs Chinese Songs Chinese Soups Chords Christian Songs Crime Drama Series Detective Fiction Ephesians Verses Financial Peace Free Knitting Patterns Genesis Verses Gospel Revolution Album Hymns I See Grace Album I Sing Hosanna Album John Verses Knitted Bags Knitted Toys Knitting Techniques Librarianship Luke Verses Lyrics Matthew Verses Music Compilations My Knitting Designs Mystery Story Psalms Verses Recipes Romans Verses Sermons Sherlock Holmes Singapore Facts Singapore Songs The Perfect Offering Album Video Compilations You Alone I Praise Album