The wall next to my desk doesn't need a fresh coat of paint because it is pasted over with notes, cards and newspaper cuttings! Someone told me that if everyone was like me, the wallpaper companies would go out of business.
Today, I took down some of the "wallpaper" and I found a newspaper article I cut out in the year 2003. It was about ST Engineering, a company which I have been a shareholder of for more than 10 years by now.
Here is the article in question:
Today, ST Engineering's stock trades at $4.17 a share and it has been paying out dividends annually without fail since I first became a shareholder. I cannot remember how much exactly from year to year but, off the top of my head, an average of 15c annually in dividend per share cannot be too wrong.
This is one investment I have fond memories of and not only because the dividends it paid funded my annual holidays in Japan and Korea for many years in a row.
In case you are wondering, yes, I am still holding on to those shares I bought at $1.55 a piece more than 10 years ago.
What would have happened if I had decided to spend all that money all those years ago on a brand new luxury watch instead of investing in ST Engineering? Isn't there something to be said about delaying gratifications and investing for income?
Many times, people are sceptical about what I have achieved. Well, they can be sceptical all they want but once they are determined to make an improvement to their personal finances, once they try out some of the ideas I have blogged about, they will see for themselves that the magic that AK71 has, they have it in them too. Suddenly, it isn't so mystical after all.
Remember that AK71 has done it before and you can do it too!
1. The very first step to becoming richer.
2. Do not love unless it is worth the loving.
3. Why a wealthy nation cannot afford to retire?
4. 7 steps to passive income from the stock market.
5. Create more passive income with limited capital.