investlike1percent

my whole thesis is to invest in opportunities which one can control the outcome and yield higher IRR’s. with stocks, its so dependent on factors which are far beyond one’s control and its in a game where the average investor isnt on an even playing field. my uncle, who had his own business, told me, with stocks you are hoping other people make money for  you. starting off in my early financial dealings,  i couldnt get to where i need to get to by earning 10-30% returns. just didnt have the patience nor did i want to have the large networth after years of accumulation and compounding. so investing in stocks and things like rentals were not optimal for me.

I WANTED IT BIG AND I WANTED IT NOW.

i would wait for opportunities where i could put my money to use that could return large returns >50%. i wasnt taking crazy risks as i always looked for investment with limited downsize risk. its the dream scenario to have your money work hard for you, not working hard for the money.

everyone will talk about diversification and asset allocation. that works if you are trying to get market returns. i adhere to the principle of putting all your eggs in one basket and watching it closely. by actively managing the investment, i believe it reduces risk. it also gives you the best chance to earn a robust return which when done a few times the compounding impact gets you to the 1% club. especially if the capital is limited, its so important to laser focus the investment to the one opportunity that can return astronomical returns. this is more potent that living frugally. again, my objective is to get to 100m, not reach FI in 17 years.

there are plenty of blogs who talk about budgets, saving, regular type of investing. i want to focus on high IRR investing. hoping to build a community where we can help each other reach our financial goals by being smart and earing high IRR’s with our investments.

to this day, i have very little investing in the stock market. mainly IRA money. i can generate higher returns myself in alternative investments. real estate right now is a great wealth creator.

when i was 16, my sister asked me to help her then boyfriend move. i didnt know he lived on a second story and i further didnt know that i was going to be 1 of only 2 other people helping. when i showed up, her boyfriend had the coolest of toys and things. just way too much of it.

i remember the three of us trying to get the frig down the stairs using that Uhaul trolley. to top things off, the stairs pivoted 2 or 3 times, so it wasnt even a straight shot down. now i was scrawny back then and the amount of work there to me wasnt worth it.

the second moment of shock was when we finished loading everything up. it was a sense of accomplishment, until it hits us, WE ARE GOING TO HAVE TO UNLOAD THIS STUFF AT HIS NEW PLACE.

i swore from that moment on, i would never accumulate so much stuff.

we are putting our house for sale in the next 2 weeks. moving to a newly built home.(tax reasons – will post later about this). lets see how little stuff i have.

do you own things or do the things own you?

I’ve been ready a few personal financial blogs and got inspired to create this Blog. I’ve done some things right and obviously some things wrong. In all the sites I have read, the theme seams to be, 1) live below your means 2) dont use debt 3) invest the rest to reach financial independence.

I thought I share my journey of how I was able to reach Financial Independence at a young age (age 26 before I got married, 33 when I got married – definitely will need to post about this later) because I was able to achieve tremendous IRR on my investments. A penny doubled 32 times gets you to 1 Million dollars. I think we all can start off with more than a penny.

Hoping to meet a ton of interesting people. so dont be shy in contacting me. investlike1percent AT gmail DOTCOM

I will mostly blog on weekends or during other downtimes. I am hoping my daughter can read this blog someday when her old man is long gone and learn a thing or two. PS – love you, K….