Invest and making Money is so easy and simple! Making a toast to life, passion and health, and remember our good fortune and wealth.
Sunday, August 11, 2013
Become a millionaire by investing in stock market?
In many years working in banking industry, I
meat with many clients, many of them are millionaire. One of them Ah Chong, is a self make millionaire by just
investing in stock market, he hope I can share his story with all who have millionaire's dream.
Ah Chong is a typical employee who work nine to
five daily. Not many know that he is a millionaire next door, not
even his neighbour. He stay in a 800 square foot apartment with his
wife and a daughter, drive a second hand car. To him, money is mean
for future security, not for showing off. He know that, to be rich,
it's not about how much you earn, but how much one can save. If you
earn ten thousand and spend eleven thousand, you will never have
chance to accumulate wealth.
His story begin at age 17, where he started his first investment in stock
market. At time, he thought that invest in stock market need to chase
for tips, rush to buy and be the first one to sell. In few days time, he made few thousand by using this method. He
never know that big sharks was always waiting at the side line. They spread rumours and let young investor like Ah Chong fall into
their trap! How can the young investor like him manage to escape?
After being badly burn, he learn the
lesson, luckily that was his first 15 thousand. He decided to
stop investing for sometime and concentrate with his University
study. He work part time to earn and save some money. Of course, he
still follow closely all the stock market related news. After completed his
University, he work with one accounting firm and did some part time job as well. Why he work so hard? The reason was to accumulate money and wait for opportunity, since he was not born with silver spoon. Two three years later,
Asia financing crisis happened, that year was 1997. To him, this was
a golder opportunity. After discussed with his wife, finally, they
decided to take out all their cash, about two hundred over thousand
and bought all blue chip stocks. He still remember, Tenaga was
selling at around $2.50 and Maybank was selling around $3.00
Three years later, their stocks value jump two
to three fold... of course, Ah Chong make his first million! He
slowly switch his stock to high dividend stocks. In the recent
financial crisis which happen in 2008, he duplicate his method again.
Today his dividend income is easily 90k to 100k every 9 or 10 months and he start enjoy his fruit by going travel one or twice every year. Now he only work the 9 to 5 job, no more part time or week end job!
This is the story he shared with me how he became millionaire in 10
years time. To him, become rich is very simple, one just need to
focus on making, saving and investing the money. Don't focus on
spending the money when you have yet to build the dividend income.
Stay alert with financial market, read all the investment books while waiting for golden opportunity to
come. Be patient, invest in big way on the right time! Become a
millionaire is just a few step away! .