Imagine you invested $823 back in Dec 1987 into “something” and you forgotten totally about it. And today, you “suddenly remembered” that its was actually the STI that you put money with. And now it’s has actually grown into $3,412.
Not the best, but it could be quite a pleasant amount of gain. Meaning, the compounding annual returns works out to be around 5.3%, when some of us are still happy locking out monies in Fixed Deposits at 1% to 1.35% (just a generalized estimated figure).
They always say, there are 4 ways of getting rich (and there are many version of this too):
1. Born Rich
2. Else, Marry Rich
3. Else, Striking 4D or Toto
4. Or Save and Invest systematically
I believe in setting a good foundation in terms of your emergency funds and safety net. And together, wealth accumulation and growth with a longer horizon should be set in place.
© Wee Khai
Wee Khai is an avid soccer player, who is also a finisher of 12 half-marathons and 3 full marathons.
Wee Khai 