I don't want to end up old and poor. I want to retire in relative comfort and not end up broke and a nuisance to my kids -- always pestering them for allowance. That can't happen to me!
But I know nothing about investing. Well at least until relatively recently. I’ve read up and learned as much as I can about investing in stocks so I can build a retirement fund. I only have less than 30 years left before I retire so I need to build wealth really fast.
It’s a race against time but I am determined to win. The goal is upwards of ten million pesos by the time I reach 65. I think I can do it. This blog will be my record.
Who am I? That’s not important. I am your regular, next-door neighbor, average-salaried, nondescript Pinoy who wants to stay anonymous. Whichever way this story ends 25 years from now, be it in embarrassing failure or success, anonymity can cloak me from being identified by kidnap-for-ransom gangs and extended relatives. If I fail, anonymity protects me from the shame of being an identified loser in the Pinoy blogosphere.
Besides, I don’t really know that much. This blog then is for amateur investors like me. Going forward, I hope I learn more, become better at investing and, more importantly, richer.
Ten million pesos in 25 years! Here we go!
Wednesday, May 27, 2009
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