An Introduction
Hi!
Today marks the start of the second year (kinda. it's the 3rd week of Jan) in my journey towards financial freedom. It has been amazingly uplifting, but at times terribly frustrating as well. I will be recording my progress as I continue down this path, and I invite all those who are interested to provide their insights and comments. (Don't forget, your advice won't only help me, but all who read this blog!) For those who are just starting out as well, I warmly welcome you to draw knowledge from my experiences, and perhaps share your experiences as well. Portions of posts dedicated to you will be highlighted in blue, like this. Look out for them!
So, you may wonder, who exactly is this guy, and what does he do?
Well, my name's Joshua, and at time of writing, I'm a sophomore in Singapore Management University (SMU). I'm majoring in Business and Accountancy, and while I hope and aspire to land myself a good job in the future, I have come to the realization that earning a fixed income will not be enough to provide the shelter/education/comfort that I seek for my family in the future.
I've come to realize that there is a strong need for me to grow my money as I earn it, and thus began my foray into the world of investments. Wet behind the ears, I leaped out into the abyss, investing a good proportion of the savings I had into Equity (aka Shares of Publicly Listed Corporations) on the Singapore Exchange (SGX). Trading suddenly became a roller coaster ride of emotions, and I was struck by how easily I could be overcome by fear, or greed. However, I am glad to say that by year's end, my portfolio had doubled in value.
Moving back to the present, I recognize that some of you may think that I am a child genius/investment prodigy/Warren Buffet (it's humour, don't beat me up over it). This is not the way I see it. I largely attribute the growth of my portfolio to something along the lines of : God's help, good advice, some stroke of luck, and perhaps a few good decisions on my part.
Moving Forward
Drawing motivation from my goals in life, I am compelled to wade deeper into the sea of finance. This year, I am resolved to make more informed and better trading decisions. At the same time, I will specifically be learning more about Technical Analyses and how they can be used to improve the frequency of positive returns. For those who are just starting out, one good place to start would be Investopedia 101, a treasure trove of information about the Financial world.
With this, I conclude my first post on this blog. Till the next time.
No comments:
Post a Comment