I'm one year into project D, but I am financially dying
Fears of recession continued to linger, while combo-ed with potentially continued rate hikes, sent investors cautious about the market year end. Large volumes but little change in prices. Even a huge news like China's reopening of its economy and trade only boosted market sentiment a little before correcting to status quo, as many countries are trying to assess the impact of the Chinese's injection into the global economy.
I finally pumped money into my warchest! Time for some window shopping, camping for prices to fall further before I shortlist my entries. Most likely reits, as I feel safer despite high interest rates eating into Dividends.
T'was a surprise for me to see a few stocks giving Dividends this month. Dec shall be another month to stack more bonuses- shall work towards that!
This FY has been eventful. Too many ups and downs, but I wasn't strategic in my trades. Missed the boat and made heavy losses this year. I guess I'm still destined for long term play.
Should I let go of econ? It's drained to the point where whether I keep it there anot makes no difference anymore... same as boustead. These 2 are probably my worst buys in my portfolio. Sigh.
Learnt a few lessons along the way. I was impulsive as usual, tts why I entered MIT and added UMS at a high. I have to keep reassuring myself that hey its now at the slope now, are you sure you want to hop on volatility when you have not done your homework?
Anyway, on to 2023, financially I have already booked myself a lot of commitments. I hope I don't go overboard with my expenditure now that most of my trips are already booked under FY2022, and I hope I don't have big ticket items like the aircon and my retainers (those really killed my wallet)
I am gonna set monthly budget:
- Household groceries & bills - $800/mth
- Food - $500/mth
- Transport - $200/mth
- cash savings (into multiplier acct) - $200/mth
- parents allowance - $600/mth
- Insurance - $400/mth
- self-care - $200/mth
balance - around $1000/mth
Oh and I am a bit tempted to do some Housing refund... Should I or should I not?
Warchest: 3180.42
Dividends received YTD: 2061.43