WHAT AM I DOING NOW?

WHAT AM I DOING NOW?

One of the best things happened in life recently is Covid-19 outbreak. Our government started the lock down ( MCO- movement control Order) since 13/3/2020. Hospital business was down almost 50 percent in my hospital, that made me have more time to read books I enjoy most- investment books.

I managed to finish 10 books within the first 3 weeks of MCO and I finally realized I made a lot of mistakes in my investment journey which costs me a lot of money. I made a lot of money by investing in property but unfortunately I was having a lot of headache managing tenants.

Therefore I ventured and put a lot of money in stock markets a few years ago, unfortunately the return was lousy and my portfolio was down almost 30 percents in 5 years.

After reading Andrew Hallam's book " Millionaire Teacher", I decided to start investing in ETFs and I believe it is the safest and surest thing in beating the market!

MCO helped me to finally look at my portfolio and realized my mistakes. MOC also made me of rethinking what I want to do after 5-10 years.

 

I Have Given Up

I Have Given UP

Finally, I have given up the idea of investing in individual stocks as well as Malaysian Stock market.

After investing for almost 15 years in Malaysian stocks, the returns are disappointing and heart-breaking. I lost almost 20-30 percent of my portfolio and I think it is time to move on.

I started to do Index Fund investing after reading ' The Simple Path to Wealth' and you all should seriously consider ETFs investing as well.

You can beat the market and you can't time the market. I would rather diversify in ETFs and get an annual return of 7-8 percents.

Financial Freedom in 5 Years

Financial Freedom in 5 Years

Finally I decided that I might want to quit my job as doctor after working in private practice for 8 years. Have I made enough money? I have been working very hard every day for the past 8 years and i think I shall be retiring soon in 5 years time. I want to retire before 48 years old and do you think it is hard to do so?

I have calculated my number and I think I saved enough for myself. The only worry I have is my kids' education fee.

Due to current stock market, i ma hoping my portfolio can double in the next 2-5 years time.