My humble beginning of investment started in around 2010 and 2011 where my 大哥 (elder brother) passed me a book call "Rich Dad Poor Dad" by Robert Kiyosaki. Big thanks to my 大哥!
Initally my strategy of investing is to achieve short term gain (in short, Trader) but I came to realise the strategy doesn't really suit me. I suffered quite a big losses in the market to the extend, I nearly give up the world of investing. Well, lessons learned. In summary, a seed planted today (is like u bought into a stock today), will require time to grow into a tree. It does not grow instantly overnight or days, weeks, months. Therefore, people should quit thinking investing is a venue to "get rich quick".
Slowly, I dont know since when, I changed to become a fundamental analysis person by doing value investing. Well, I think the method suit me really well. You see, most people like me are having a day job in a corporation. Value investing does not require us to keep looking at charts, price etc like trading does, most importantly, value investing took out alot of fears and emotion feeling during investing. Basically for value investing, we are long term holders (Investor), so while waiting for the stock price to go back to NAV value, we are collecting dividend as passive income.
As the year 2015 is coming to an end soon,
I wish to share my journey of dividend investing over the years, since 2012 (did not do recording for 2011) to 2015
Total Dividend collected for the year,
2012 $972.20
2013 $764.10
2014 $1089.77
2015 $3042.17 (including the December dividend amout)
Totally ageee that it isnt a great amount like many of my seniors/bloggers out there have. My Main aim is to inspire more people(especially the younger generation) to believe that it is achievable.
My 3 "A" process.
Aim
Achieve
Action
1. Set a aim, goal
(example, to achieve financial freedom)
2. How can i achieve it?
(Example, buy a stock, unit trust, forex, REIT, ETF)
3. Take immediate action
(start doing something asap, please dont be a dreamer.
Some example things you can do are reading and learning if u dont know how to invest, attend free seminars, analysis different companies data, read company news, or enter trade)
*** Aim for 2016 ***
Achieve$5000 dividend income for whole of 2016
Continue to believe,
To our success,
Eric Khoo
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