I'm investing $3,000 each month into the stock market. Follow me on my journey
Join my newsletter, read by over 1,000 Singaporeans. I share weekly insights of how I'm investing $3,000 of my own money into the stock market every month. The mistakes, losses, and lessons along the way.
About Max Koh
Hi, I'm Max Koh. Here's more about my background, financial mistakes I made, and what I'm working towards:
- I worked in a corporate 9-5 marketing job for 7 years right after graduating from SMU. Had a decent pay and salary. Set a goal of saving 60-70% of my salary each month.
2. I loved my job and career. But it was tiring, and I was burnt out. I set a simple goal to be financially free before I hit age 30.
3. I focused heavily on "boring and lazy" investments that did not look sexy. I believed in "getting rich slow" instead of "get rich quick". And spent much of my energy into long term investing.
4. I hit my first $1 million in liquid net worth from stocks investing, the "boring and lazy" way. 100% from stocks. No crypto, no trading, no property.
My mistakes and lessons:
- I once spent $10,000 on expensive watches when I was younger. Realized I didn't enjoy that. But I did it because it was cool. Learnt to be very selective about what I choose to own. Because each object you own, will take up mental headspace.
2. I lost over $200,000 of my money while doing short term speculative trading when I was in my early days as an investor. I bought and sold stocks on margin, with high leverage. That lesson taught me that good investing should be "unsexy and simple"
3. In my early days, I nearly wanted to invest into a private property. It was a condo at Eunos called Parc Esta. I thought for a long time but did not proceed with it, because I realized I didn't enjoy the property game. I hated looking at houses and visiting showflats. But I enjoyed looking at stocks as they are real businesses. I learnt that the best investment strategy is the one that you can stick with.
What I'm working towards now:
- I am investing at least $3,000 SGD of my own money each month into the stock market. These funds come from my business income where I do coaching, and also manage investments for clients (as my "day job").
2. I am documenting the journey of this process. The real decisions, the real mistakes, the lessons learnt. So you can learn together and realize investing is not an easy journey. There will be times of uncertainty, worry, and agony. It's part of the game.
3. Though I have hit $1 million since I was 29, I am a big believer in investing for the sake of it. This means I don't invest only to get rich or retire early. I invest because I have no idea what uncertainties and curveballs lie ahead. So I want to have a warchest ready when I need.