Think that it’s too soon to plan for retirement? Think again. Singaporean men and women are expected to live till 81.4 and 85.7 years old respectively. Without a stable nest egg, how can you spend your golden years peacefully?

Ever wondered how much you can save if you skipped the morning coffee or noon bubble tea? Learn how to identify and eliminate wasteful spending habits with the Latte Factor.

Just as how you would plan out your career path or holiday plans, budgeting helps you map out how to spend your hard earned cash. Managing your money with a comprehensive plan allows you to anticipate how your wealth will look like three, five, or ten years down the road.

Having a long-term approach to investing is a definite way to help you achieve your retirement goals. With a long-term view on your portfolio, you have an advantage over other investors who try to time the market or do day-trades over the short-run.

Investors tend to lose focus when investing blindly with the general objective of building wealth. Your investment should help you reach specific personal goals to keep you disciplined by introducing a clear end in sight.

Having a healthy mix of both active and passive investing helps you diversify your investment strategy.

While cash provides financial liquidity and a sense of security, holding too much of it can be detrimental to your wealth. If investors do not manage how much cash is held, it becomes less of a safety net, but more of a burden.

Diversification spans not just across industries and geographical areas, but also asset classes, risk levels, investment needs, and time horizons or holding periods, just to list a few.

Catching yourself falling into common investing psychological traps can be helpful in guiding your actions throughout the investment journey. Out of the 20 pitfalls below, how many are you guilty of?

Bad investment habits can be a source of portfolio losses. Recognising which traits you tend to display and catching yourself when it happens can help you become a more successful investor.

“The investor’s chief problem—and even his worst enemy—is likely to be himself.” Benjamin Graham cannot be more accurate. While humans are built to be emotional creatures, unmanaged emotions can adversely affect your investment decisions and subsequent portfolio performance.

Many investors, seasoned ones included, are tempted to maximise investment profits by timing their entry and exit. The prospects of buying low and selling high is appealing, but can one truly beat the market?