Why it takes me 20 years to learn investing on equities?

Oct. 16, 2019

Introduction

It is my personal finance research. Why I took 20 years until I am 53 years old that I should invest on equity, take some risk on stock market? I worked full time last 10 years, but I did not learn other basics like how to invest on equities. I did not know the bull market last 10 years, and I did not know any question like Amazon, Apple and MSFT and Netflix stocks, for example, $1000 dollars investment on Amazon stock in 2010 value of 2019.

Life is tough and I was panic 

I just keep blogging until I find my biggest mistake on personal finance in May 2019. I do not learn economics, and I do not know how to invest until I read a statement to show less than 10 dollars interest on my Scotiabank checking account with $50,000 dollars back in 2018.

This is my life first time that I can save more than $50,000 dollars. I had net income $110,000 from 1999 to 2001, but I was under influence of my mom and relatives, I had to pay so many bills and did not learn the delay of gratification. My saving is less than $20,000 dollars. I was on the track of low income, low saving for more than two decades.

Here are some highlights things I tried;


1. I went to USA Florida for graduate study and graduated in Dec. 1998 with a computer master degree;
2. I worked full time for two jobs and then got laid off in Sept. 2001;
3. In 2002 August I went back to FAU for graduate study and then went for intern, full time in 2016 for a startup called Siva, lasting 15 months;
4. I want to get Ph.D. degree but I could not get it;
5. I got a full time job offer in June, 2008 but offer was rescinded, I decided to pursuit my Canada skilled immigration instead;
6. I like to immigrant to Canada, but my application was denied in 2009;
7. I had to file the appeal from January to June, I got a court date on June in 2009.
8. I argued with the  the department of justice lawyer in application record; I owned a home with home equity and IRA CD over $20,000 in 2009.

How to break vicious cycle? How can I learn the wisdom to stay independent, and learn to build wealth and grow rich?

It is tough but I have to learn the basics after I decided to work on personal finance research starting from November 2018.

Here is the link to access those blogs.

Actually I started to invest on equity from 1999, but I did not know the importance of keeping learning; I made common behavior finance mistakes, and then quit equity in 2009 and then never went back until 2019 May.