About this ebook
Investing is one common means of developing a secondary income stream but the lack of a viable investment plan is a common reason for most failures. Warren Buffet taught us that: ‘What is needed is a sound intellectual framework for making decisions and the ability to keep emotions from eroding that framework’.
This book attempts to provide amateur investors an easy-to-read guide on knowing your objectives, risk appetite to develop an investment plan, the macro considerations and the use of some basic financial tools to help in stock selection. You may wish to test your investment plan on paper and then in the market with real money to boost your confidence and understanding of the knowledge learnt. Happy reading & investing to all!
Ratings and reviews
About the author
A Word from the Author - Chua I-Min, CFA
This book marks a significant milestone in my life. I was brought up in a conservative family: My Dad is a primary school teacher and my Mum is a nurse, both held the same job for more than 30 years! The concept of stability and prudence is deeply ingrained in both my siblings and me throughout our growing up years. Coming from such a background, to be an entrepreneur is indeed a big step. Even though I know that I am not cut out to be a corporate rat, it took me 10 years to step out of a stable job and a monthly pay cheque!
I am glad I have done it and I don’t have a single moment of regret. Today, I am happy to declare that I work for myself and I only do work that I am passionate about. This book is a testimony to my current status: It would not have been written if I am still cooped up in a corporate office!
The content I delivered in this book is also one of the main contributors for giving me the courage to pursue what I really want to do. After practicing more than a decade of shares investment, I can personally testify its capability in generating a Secondary Income Stream, and with this income engine, the decision to take the leap is a lot easier!
Of course this would not be possible without the support from my family. My wife did not even question my plan when I told her that she is not going to have a stable family allowance. I needed to convince my mum a little but soon got her support. Thank you so much!
Looking at this book in printed form brings me a lot of joy. I must thank AB Maximus and SGX Academy, specifically, Beng Hooi for giving me various pointers, and Wei Luo and Young for helping me to make this book marketable.
Words of thanks must also be given to my course participants, who supported my course and the book. Your words of encouragement have made all the sweat worthwhile! Really appreciate it!
And lastly, thanks to all who have helped in editing and designing this book to make it presentable. Special thanks to my editor, who also happens to be my course participant, Ruth Chua. This book definitely sparkles more after your polishing.
To you who are reading this book, I hope it will be an enjoyable read. I also sincerely wish that this eventually leads you to a Secondary Income Stream and enables you to achieve your dream life! Thank you so much!