Money isn’t just meant for investing – treat yourself, too 

SINCE I started working, I have considered myself to be someone who is careful with expenses, and who has a higher investment risk appetite.

I save most of my income since I still live with my parents, and have low spending needs. Other than some early investments in local blue chips and bond exchange-traded funds, the bulk of my recent investments has been in developed market equities.

I had assumed that this was largely the right way to manage my money – that is, hold just enough cash for emergencies and invest the rest of it, and that any other plan would be suboptimal.