Christmas, my favourite season of the year, is near. Dividends have been coming in to stuff the Christmas sock. Thus far, Golden Agri, Starhill Global and Cache Logistics Trust have paid up.
A quick peek at my finances for the year. It is likely that I will hit 104% of my annual income target. Looking forward to paying more tax! Anyway, my target is fairly modest to begin with. I will set a higher amount for 2014. Thank God for His providence.
I have recently started a small contribution to the Nikko STI ETF fund, easily done via any POSB or DBS ATM. A quick search online and you'll find many bloggers who oppose this investment method with critical reviews. And there are forums like this on hardware zone where evidence is clear of new entrants to the investment scene.
For me, it's a matter of convenience and laziness. One visit to the ATM and the regular plan is up. My strategy for this tiny portfolio is simple too, it's money I don't plan to spend nor save.
When the STI is in the 3000s range, I will invest $100/mth.
When it sinks to the 2000s range, I will increase monthly investment to $200/mth.
And if it is ever in the 1000s range, I will do $300/mth.
What do you think of this 'methodology'?
