First, do allow me to tell you my story. It is a familiar one which most of you are probably acquainted with, or are even living it. For 10 years, I worked as a financial planner in Singapore. Although the work was fulfilling and I was well paid, it did not allow me quality time with my family. This was especially difficult for me as I had two young children who were growing up very quickly. I felt frustrated that I had to miss out on their early years – their first taekwondo kick, ballet dance recital and other school performances.
I was determined that it was time for a change.
I had only three available options.
Option 1 – Look for another job that allowed me more time with my family. But I realized that this would only be a temporary solution. I have seen many of my friends who, in their forties, faced retrenchment. Even though many of them are experienced and highly qualified, they have difficulties finding jobs in the current Singapore economy, which favors younger graduates and foreign talent who may be cheaper to hire.
Option 2 – Start my own business. But there are substantial financial risks in any startups if you consider the many types of costs that will be involved, and not to mention, the amount of time that is required would be even more!
Option 3 – Trading the markets online. I have always been interested in trading for a living and I have friends and clients doing that successfully for years. But I simply did not know where and how to start online trading. I have also heard many horror stories of people who got badly burnt in trading. But I do know that startup requirement is very manageable.