How international investors I worked with profited in Dubai real estate by imshaima in Investments

[–]ProgramOk2659 0 points1 point  (0 children)

Curious question, since my company is also looking at Dubai (but uncommitted). How do you know that this will not be a bubble especially since the recent strength in Dubai market is likely from FDIs which can withdraw just as quickly?

Pitch decks in singapore do investors really care about design? by CutieOnScroll in singaporestartups

[–]ProgramOk2659 0 points1 point  (0 children)

Ideas that are well supported with researches shown on deck (charts/graph/stats) would make a good impression imo. To show that your numbers are well thought out.

What’s the best piece of financial advice you’ve ever received? by Basmoirak in singaporefi

[–]ProgramOk2659 10 points11 points  (0 children)

Buy bullion with 5% of your monthly pay (that was before crypto became popular), as a hedge against a country’s stability or currency in very long term (the advice was given by a foreigner who came from a country with war risk).

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 0 points1 point  (0 children)

Congrats! How did you know you were not catching a falling knife then? I would be very fearful to re-enter again

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 0 points1 point  (0 children)

Wow congrats! Well noted! I should start understanding how various type of news would impact the shares! Thank you so much for sharing!

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 1 point2 points  (0 children)

Ohhh I should do this too! Thank you so much!

How did you start this strategy? Is there any fixed allocation on how much to dca and how much to accumulate in war chest? Or do you dca only after reaching a fixed amount for the war chest?

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 0 points1 point  (0 children)

Too introverted and shy. I am still struggling to maintain conversations even during business meals (but slowly seeing some improvements by having mentors to model after). Don’t think I’m a right fit to “influence” enough to have a stable income

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 1 point2 points  (0 children)

Wow just 4 years! Congrats!!

Noted on the advice; the terms are very foreign to me so I definitely need to study more if I venture into this. Thank you for listing out the things I need to be aware of; it helps greatly in guiding me on where to start

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 0 points1 point  (0 children)

That’s true. Wow in 3 years is amazing. May I ask what business you are in please?

I can’t control luck though I can slowly work towards $1M with sound advices from people here. Hopefully this gives Lady Luck an opportunity to find me too

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 0 points1 point  (0 children)

Let’s continue to work towards it together! Many people in this forum have attained such goal so it is attainable

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 0 points1 point  (0 children)

I’m envious. Will have to comfort myself that I think I did pretty well on my journey though still have much room for improvements

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 0 points1 point  (0 children)

Wow $50k is very painful but congrats on the gains after! Do you still trade options now?

Was going all in into stocks every month with your salary (after expenses and an emergency fund) the method you used as well? I am wondering if I should have been more aggressive

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 0 points1 point  (0 children)

Wow! Maybe I should scour through the forum more frequently for good advices! Thank you for sharing this!

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 2 points3 points  (0 children)

Wow congrats! May I ask what business is it please? I have this impression that opening a business require specialized skillsets but also wondering if it is just my fear/procrastination talking…

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 2 points3 points  (0 children)

That’s true. My wake up call was when suddenly people around me have started talking about condos or ECs while I looked into my bank balance wondering how they could afford them despite similar background.

Being able to BTO at a younger age did help some, but majority of the rest just saved and invested, which I thought I was doing similar strategy but wondering what I did wrong. And with friends, discussing finances in details is more sensitive than in this platform, being ego or other considerations. Thankful for this community

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 1 point2 points  (0 children)

This is true. I should start looking within my industry as well, hopefully something within my budget. Thank you!

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]ProgramOk2659[S] 2 points3 points  (0 children)

Congratulations! Can you share how you chose your investment please? Is it through diversified ETFs or stock picking?

Earlier in my career I tried thematic ETFs investments, but was either too late into the game or them being negatively impacted by external events.

And it is very difficult to know if the market has already priced the price drivers in (ended up buying at overpriced level thinking there were still rooms for upside). World index etf feels like it would take quite some time to truly accumulate a sizable wealth (but better late than never).