Investing

I like to keep my excess foreign currency after I return from a holiday overseas. Today, however, I made the brave decision to exchange some of my left over foreign currency. I plan to make the money grow by investing it when the opportunity presents itself :)

The New Frugality by Chris Farrell

This is another book which I purchased in order to educate myself on personal financing. Some things I learned from this book about how to be frugal with regards to investing:

• Keep fees razor thin
• Use dollar cost averaging which basically means putting the same amount of money into an investment regularly over a long period
• Rebalance your portfolio regularly
• You have to realise you can't consistently beat the market.
• Invest in index funds; don't bother with actively managed mutual funds.