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.

Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.