Could we be financially free by investing in Singapore only? (PART 1)

Reader says...

Thank you for taking photos with me and my friends yesterday (i.e. 2 May 2015) at the conference. 

I was so happy the whole evening because I got a personal photo shot with my favorite blogger ;) 

Thank you for the chance, AK! 

And thank you for being there to share your investing philosophy - my friends and I will be patient to build our war chests, and take opportunities when the bear comes knocking on our doors! 

May I ask you a question? 

Can one attain financial freedom by investing in the Singapore stock market only or other more?  

I have many friends who invest in the US stock market, because it is volatile and offers good capital gain (and losses). 

But till now, I stayed out of it, as I do not understand the high P/E and high fluctuations - it seems so out-of-sync from reality. 

And I do not get to see the companies, unlike in Singapore where I can be aware of the local companies' operations by visiting their stores. 

Do you take a nibble at the US stock market too? 

If yes, could you share what one can look at for a start and why? 

If not, then could one continue to take faith that one can still be financially free by being in S'pore market only? >.<

Thank you AK! 

AK says...

Thank you for writing to me and sharing the photos too. :)

I have only invested in foreign stocks once in my life. 

I don't know if you know of the CLOB saga (in Malaysia) eons ago. 

Since then, I have only invested in the Singapore stock market. 






There is enough to keep me occupied here. ;)

I share your concerns with regards to investing in foreign markets. 

I am sure there are opportunities to make money in those markets but if we don't feel comfortable doing it, it is best to avoid. 

After all, peace of mind, I always say, is priceless. :)







Could we become financially free being invested in the Singapore stock market only? 

Given discipline and time, I believe that the local stock market will have more than enough opportunities for most ordinary Singaporeans with sufficient resources to make quite a bit of money and, ultimately, achieve financial freedom.






Related posts:
1. STE's story: Investment strategy.
2. The mystical art of wealth accumulation.
3. A simple way to a double digit yielding portfolio.