This is the first video in a series I plan to do on my investing journey. I will try and do regular updates as the portfolio progresses.
Currently, I have 5000 EURO invested in Gold, Silver, Cryptocurrencies and dividend stocks. My goal is to grow this to 20.000 EURO this year. This growth will come mainly from me putting in my own money into the portfolio, but hopefully, capital gains and dividends that I reinvest will help me get there.
For a long time, I have been hesitant to invest in the stock market myself. The main reason I told myself is that I am already heavily invested in the stock markets via my pension plans.
The thing is I have no control over my pension plans. I just have to hope the money I put in is managed well and then hopefully when I am 70 years old I might retire.
Wait a minute … 70!? Yes, 70, or maybe even later. Governments keep changing the rules concerning retirements.
That is why I have decided to build up a stock portfolio outside of the tax benefited pension plans. I want to build a portfolio of shares in good companies that will pay me dividends. This portfolio should, once it has grown enough, generate an income through dividends alone that will cover most of my expenses.
To achieve this we need to buy dividend-paying stocks at cheap prices. In this post, I will tell/show you how I go about this.
I am a coder by day and trader by night! Coding is my day job. I am fully aware that only having a job will not allow me to provide for my family and myself consistently in the long run. This is because most of the western societies are setup in a way to be more and more disadvantageous towards the working middle class. I do not need to be a billionaire to be happy, but our society is becoming more and more binary. It seems that one can either be rich or poor, in which case I opt to be rich, or at least hedge myself against being poor. Trading and investing are my hedge against this trend.