My journey to becoming an investor

I do not have data to back up what I'm going to say, but I do believe that investing in the stock market may be a good way to generate good returns that ultimately can help us pay for our travels.

ryanair airplane at airport

I just read the book "Rich dad poor dad" and the author confirms the belief I had that it is important to acquire assets during our life that generate returns.

This got me wondering: would this be a good way to fund travel costs?

I believe it may well be.

Investing in the stock market may, in the long run, generate returns in 2 ways: 

1) some companies pay dividends which basically give you a portion of the money the company generate in the year, 

2) if the company does well, the stock prices can increase, thus increase the value of your assets.


Of course there is a lot of risk involved, but in the long run, maybe buying stocks from companies that pay dividends could pay for a portion of a trip (and pay for other things, obviously).

Because of this, I decided to start my journey as an investor.

The problem is: I don't like a lot of risk so I decided to try and look for companies that could fit in my risk appetite.

But what companies could those be?

After careful thoughts and reading some of Warren Buffet's investment strategies (Warren Buffet's top 10 tips), I decided I should look for companies that seem to have a steady increase of sales over the years, some type of unique products - preferably some type of monopolistic position, that re-invest their earnings in the business, and have low debt.

With this criteria defined, I just need to try and find good businesses that fit them, which is no easy task.

Let's see how this investing journey develops.


Conclusion

I do believe that investing in the stock market may be a good way to generate good returns that ultimately can help us pay for our travels.

I decided I should invest in companies that seem to have a steady increase of sales over the years, some type of unique products - preferably some type of monopolistic position, that re-invest their earnings in the business, and have low debt.

I will keep updating my investing journey.

Please keep in mind, that this is MY investing journey/story, and in any way this is or pretends to be investment advice. This is my own test, which will probably make me end up losing money :).

Comments

Post a Comment

Popular posts from this blog

The answer for carrying water while traveling: trail running

Image
  Drinking water is a very important advice in life in general, and particularly while traveling. I visited Japan in the summer (August to be more precise) and one of my biggest mistakes was not to drink more water. Drinking water is very important since we walk a lot in the heat, which makes us lose water and minerals through our sweating. However, it is always a pain to either keep buying water all the time or to carry the weight of a water bottle. To drink regularly while traveling, we can opt for 2 strategies: 1. Buy water as you go and carry less stuff   In almost every place we visit, there will almost always be places to buy water so you don't really need to be carrying a bottle with you.  The downside of this strategy, however, is that you spend more money and risk going to a place where it might not be that easy to buy it immediately. 2. Carry a water bottle with you   This is an excellent option since you have water on you all the time and you can drink ...
Read more

Why I don't carry a day pack

Image
    In general, for a trip, we tend to carry at least a carry-on trolley bag, which is often paired with a backpack that we use as a day pack. These day packs backpack are usually used to carry random stuff like water bottles, jackets, cameras, etc. So these are quite useful. But I usually don't carry one with me when I travel. Why don't I carry a day pack? I visited Japan in the summer (check my post here ) and I had some challenges in adapting to the heat and humidity. At the time, I made the decision of taking a cabin-size wheeled trolley with me plus an almost-empty 20 liter backpack. The plan was to carry the trolley with me to the aircraft, put it in the overhead bin compartments and store the 20 liter backpack with essentials (like a book or a jacket) under the seat. Then, arriving in Japan, I would leave the trolley at the hotel and use the 20 liter backpack as a day pack. I would then use the backpack to carry water, a jacket, swim shorts and put souvenirs in. However...
Read more

My new bag for travel: a 20 liter Ryanair-approved duffel bag

Image
What is the best bag I can pick for travel? In terms of space efficiency and luggage maximization, duffel bags are almost perfect, and that is the reason why I just bought one.  I bought a new travel bag! I've discussed in this blog ( HERE ) that I like to travel with 16 liter Fjalraven kanken backpack or a 20 liter backpack. However, I decided to go for a duffel bag that is Ryanair approved. Ryanair official under the seat measures are 40x25x20 (centimeters). Why I have always preferred to travel with a backpack? Because it is very comfortable to carry around since it distributes weight evenly across your shoulders. Walking around with a backpack makes it very easy to go in and out of public transportation. Why I bought a duffel bag for travel? I will be traveling with the low cost carrier Ryanair, and so to avoid paying extra fees and having my bags sent to the cargo hold (something I have discussed HERE , I prefer not to do), I opted for their cheapest fare, which means I can o...
Read more