My first “investment” was at the beginning of 2007. I had saved some money and was ready to become the next Warren Buffett.
My biggest concern wasn’t what was about to happen on September 15th (financial crisis). Neither was I worried about risk management. The best way to describe me back then would be “a monkey with a grenade.” I wanted to get rich quickly, and the stock market was going to help me achieve this.
As you probably guessed, my first investment made me lose 50% of my capital in the first three months. A tormenting experience, to say the least!
Completely discouraged by the learning curve and especially my capabilities, I figured I shouldn’t spend one more penny before learning more about investing.
I started reading about all the grandmasters, from Benjamin Graham and Warren Buffett to Guy Spier and Mohnish Pabrai. The knowledge they provided was priceless.
The most valuable lesson? Patience and common sense. But for some reason, when money is involved, we tend to lose both key attributes fast.
Today, I have reached the point in my investing journey where it’s time to give back and share my experiences for you to benefit from. My goal is to educate people financially and help them achieve financial freedom.