I guess it’s about time you learned a little more about me and why I choose to invest in stocks even when it seems the whole economy is so fucked up.
No, it’s not because I love stocks per se. It’s because I’m scared.
Scared of having no money, scared of not being able to afford to pay for my kid’s schooling, scared of being poor – again.
Growing up, while I never thought of myself as ‘poor’ – looking back you could say that we were. My mother was a single parent living on welfare and both my brother and I, while happy enough, didn’t have a lot of things to call our own.
Mum struggled with money a lot and I particularly remember a time that we had to get food vouchers from the church as she didn’t have enough to buy food after rent and bills were paid. We were standing in line at the check-out when the grocery clerk looked at my mum disgusted that she had the nerve to buy a packet of potato chips amongst the other food. She told my mother that we shouldn’t be buying ‘luxury’ food with the stamps and instead should have purchased milk and other ‘staples’ instead.
What the clerk did not know as that we didn’t own (couldn’t afford) a fridge. So milk would have been spoiled in the esky we used for ‘cold’ food within a day.
This encounter obviously had an effect on my mother as she never did ask for food vouchers again. The following week we had rice. Every day. Every night. Nothing else, just the rice. My mother dyed it with food colouring to help make it more interesting.
It wasn’t until I was in my teens that I realised what I didn’t have growing up and didn’t want to ever be like that again.
So I did what I thought I had to do. I went to university – because a good job would solve any money problems you had, right? Nup. That’s another lie they tell you.
After uni I could only get basic secretarial type jobs. I had studied commerce for one year and journalism for three. But apparently I was only qualified for typing other people’s memos.
But I didn’t complain. No education is ever wasted I said to myself. And I tried to make do with my wage.
I actually did fine working 9-5. I had money for rent and food and of course little extras. But I was living paycheck to paycheck. While I was living comfortably, I certainly wasn’t rich. But I hated working for other people. It went against my need to be in control.
I guess it was inevitable that I would be attracted to the stock market because I’m quite analytical and liked coming up with theories and reasons why some companies rose in price and others didn’t. And of course I had heard stories of people making stacks of cash investing in stocks so wanted to be one of them.
I started investing during a boom time, so I guess you could say I was lucky to get in at the right time, because I was able to easily increase my net worth over a short period of time. That all changed of course when the stock market turned sour and my stocks started going down!
That was when I came up with a set of rules. I figured if I could take all emotion out of choosing companies it would make it easier. And it did.
I’m still not a millionaire but I’m not poor either. I do ok. I’m still just a regular person after all.
I also do a lot of other things that help bring in income such as internet marketing, writing and blogging. I don’t ever want a job.
The thought of a job is sometimes more scary than having no money at all. So I plod along with different ways of earning money so that I don’t have to rely on anyone else.
I’ll never give up writing (it’s my passion and what I love the most), but I can’t help being a bit nerdy sometimes when it comes to money and investing as well.
In the future I’d really love to buy an old property and do it up and resell it to make a profit. I have no experience in doing this though but it’s definitely something I’d like to try to see if it would be fun or not.
So there you go. I little bit more about why I invest in stocks. Plus I’m an optimist. I actually believe that the economy is going to get better soon. And I can already see that stock prices are at a similar level to where they were before the recent GFC crash. And while we are not out of the woods yet, I’m feeling positive about the future.
If you found this post moving then please consider sharing it on Twitter, Facebook or Google + so that others can benefit from it as well. I’d be ever so grateful too, truly I would.