Lessons learnt in 2020
Among them include ignoring short-term noise and investing for the long term, and focusing on one's surplus.
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AS WE enter into the last few days of an unprecedented year and since this is my final article for 2020, I thought it would be good for me to reflect on the past 12 months. So, I decided to do so from what I term as our wealth equation (see chart).
No matter how wealthy you are, whether you are a high-income executive or a successful business owner, the complexity of your wealth can be described by this simple equation. There are two sides to your wealth equation - the left side and the right side.
The left side is the boring, short-term financial planning side and the right side is the more exciting, long-term investment strategy side. What lessons have I gleaned in 2020?
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