🎁It’s Time for You to Wrap up 2022 with the Best Gift Ever

2022 is almost over. Only 3 days to go — thank heavens for that! At least the end of this miserable year is paired with that wonderful festive cheer – and the sales! So it’s no surprise that Christmas is retailers’ “most wonderful time of the year” (sorry, that song is stuck in my head).

They wait all year for this! They dress up their windows with the most amazing displays. Filled with bows, glitter, snowflakes and more. And 99% of people will be absorbed in this consumer season. They’ll be busy shopping around for more shoes, more handbags and more “stuff” to fill their cupboards with.

Enticed by the wonderful allure of it all. Hard to resist, right?

The joy is short-lived

But let’s face it, another designer coat won’t make us happy nor will a swanky handbag. However fancy and expensive. But every year we deceive ourselves. The same thing happens again and again. We buy more things we don’t need in the hope that it’ll make us feel good. But that feeling is fleeting. It never lasts.

We all have far too many things that are cluttering our space. Things that used to be money which was once our precious time.

Yes, it’s great to treat yourself and I say this is a must! I even have my own account just for spending. I wrote a blog a while back how we should spend time on how we’ll spend our money. Have a read here. Curious to hear your thoughts!

But during the holiday season, we can seriously go overboard and end up spending what we really don’t have.

We can get carried away (yes, even during a cost-of-living crisis) and spend what we shouldn’t be spending on.

And guess what, the joy of buying that shiny new thing fades. It doesn’t last more than a few weeks. If that.

Especially when you buy more than one thing! How can you properly enjoy it all?

Prioritise your future self, now.

So here’s something you can gift yourself with that will make you happy and will last longer than the feel-good feeling any handbag could ever give!

This festive season, instead of (or at least as well as!) splurging on more “stuff”, splurge on your investment account.

While clothes will now go on sale, stocks have been on sale for >12 months!

This year, the S&P 500 is down ~18% this year and the tech-focused Nasdaq is down ~30%.

Smells like a pretty good sale to me!

Psst: Read here why times like these are often (in hindsight!) great times to buy.

Give your future-self a bonus!

It’s that time of year when bonuses are being dished out. And if you’re lucky enough to get one, make sure to give your investment account a bonus too!

Top it up with a cheeky, unexpected sum of cash. And unlike those bonuses of yours that probably vanish as soon as they came, your investment bonus will be chugging on.

They’ll be working hard for you. Compounding your monies.

Investments are the gifts that keeps on giving!

Unlike clothes and shoes that depreciate in value, investments go up in value — eventually! You’ve just gotta hold onto them for long enough.

So, while everyone is busy rushing to Harrods or Bloomingdale’s (depending on which side of the pond you’re on), I’ll be running to buy beaten-down funds.

Everyone is quick to run to the designer stores but how quick are you to invest?

Your future you is counting on this.

Those Jimmy’s can wait.

Happy Holidays my dear readers!

Disclaimer: This is not investment or financial advice. It is my opinion only. This is not a personal recommendation to buy/sell any security, or to adopt any such investment strategy. Always do your own research before you commit to any investment.