Upon leveling, we can add the stat points to 3 things:
1) Energy - Primarily allows you to do more quests to level faster
2) Mana - Primarily allows you to do more battles to collect rune fragments
3) Life - ?
I have only been adding to Energy since I rather do quests than do battles.
Does anyone know what adding stats to Life affects? Is it the health of our Magimon?
Hi dark_masamune6, welcome to Magimon!
is the HP of the Trainer (that's you!). When you battle against NPCs or other players, you can lose because 1) all your Magimon summoned into the battlefield are disabled, or 2) your Life is down to 0. Depending on your deck strategy, you might decide to increase your Life.
(By the way, there are some skills that specifically target the Trainer's Life, so watch out!)