The simple reason I started investing was to make money. Plenty of teenagers held part time jobs to make that extra cash, however I stayed home. Didn’t feel the need to start making money then.
However, as I got through Poly, I came to realise that it would be better to start making and saving money. Getting a car, a house and ensuring that my future wife and kids lead a good life.
Being a Business student, I have learnt that investing from young helps one grow their money (making your money work for you), beat inflation and most importantly it is something that I have passion for. Thus, my journey into the investing world started. (also low-key didn’t want to find a part time job as I am an introvert)
Leading from the previous point of being an introvert, originally my target was to build a portfolio that would allow me to lead my life on the dividends alone.
Approx yearly income needed: $80,000
Est Dividend yield: 5%
Portfolio value needed: $1,600,000
This looked impossible. I have 5 years more before I officially need to enter the working life (starting Uni soon) and my starting capital is only $15,000.
As shown above, I would need my portfolio to grow by 154.5% yearly (Hahaha, crazily impossible). Also, as seen above, the power of compound interest and investing, transforming a mere $15,000 to $1,600,000 in 5 years.
Thus, I gave up on this idea and now am just investing to meet certain targets which I will explain more in my following blog posts. 🙂
Investing from Young 