My investment strategy as a newbie (rookie mistakes and wins)

In this episode, i spoke about why most African immigrants stay broke and how to fix it. Despite making a lot of money abroad (in America), a lot of immigrants remain broke because of poor money management.

I am currently in my 40s and walking towards retirement, i have began to looking into ways to build long term sustainable wealth that will keep yielding even after i retire. I shared my experience with stock investing, mistakes i made & money i lost investing in penny stocks whose companies liquidated and i lost all my money.

I soke about buying profitable stocks like AMD in 2018 where the stock price appreciated by over 4000% and i made so much profit! After recently learning about ETFs (exchange traded funds) and dabbling into it, i recommend it because of how diversified they are and more likely to recover in the event of economic downturn.

Most immigrants are constantly seeking the next best avenue to earn more money in order to elevate their lifestyle but they also need to learn how to make money work for them by investing in the stock market. Based on my own experience i shared tips on how to start investing, start small (consistently set aside money each pay check) to put towards investment and opening a brokerage account e.g.

Robinhood and start investing. I talked about how investing is a long game and is better suited for retirement because the compounding effect takes effect over a long period of time.

Investing in dividend stocks or ETFs help you generate passive income at retirement which you can pass on to your children hence building generational wealth. Immigrants need to take advantage of the investment opportunities they have living in America (or abroad) so that they can retire rich and leave inheritances for the next generation.

This episode is for anyone who is looking for how to build wealth, invest in the stock market, build a steady stream, of passive income and wants to take their financial destiny into their own hands. Hope you enjoyed it.

Pls like, share, comment and subscribe! #investing #investingforthefuture #makingmoney #financialfreedom #immigrantjourney #africansabroad To use my Robinhood referral code and get a free stock when you sign up and invest, click on the link: Please Subscribe and watch our YouTube channel: @LifeAsWeSeeItPodcast