Undergrad building on his passive income: Page 3 of 4

Undergrad building on his passive income

Q: How did you get interested in investing?

It was when I started reading books by Robert Kiyosaki including Rich Dad Poor Dad, Cash Flow Quadrant and Unfair Advantage. I think I was about 17 or 18 at that time and it got me interested in creating wealth through investments.

I remember the first investment I made was purchasing about $6,000 worth of IPO shares from Global Logistics Properties.

The share price jumped about 10 per cent to 20 per cent on its trading debut so I felt really good and I earned around $1,000 to $2,000 overnight.

When I first started investing, I was happy enough making $50 a month but now I usually lean towards investments that can give me yields of 10 to 20 per cent.

Q: What property do you own at the moment?

None yet but I'm hoping to buy some property. I had applied for a flat under HDB's Build-To-Order scheme but I didn't get it. My girlfriend and I are probably looking at an executive condominium instead.

Buying an investment property is something I'd like to achieve in the next three to five years.

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