In fact, growing up Pauline came from a family that believe that as long as you can study hard and work in a government organisation, you will have a guaranteed Iron Rice bowl. And so, through hard work and sweat, Pauline graduated as a degree holder and started working in public service.
However, after a few years, that department was privatized and unfortunately for Pauline, she was retrenched. From the compensation of the retrenchment package Pauline was advised to put it into a unit trust that will reward her 5 – 9 % per year.
Believing that, since so many have bought the same investment, the Unit Trust must be the Iron Rice Bowl in the investment world. And so for a good 7 years, she had been religiously pumping in money into her unit trust. Till the subprime crisis came.
In less than a month, Pauline saw more than 50% of her net worth, earned through blood and sweat, wiped out before her eyes.
And that was when she realized that the only thing that is certain is uncertainty. That was when she made a decision to take responsibility of her money and understand the game.
With a stroke of luck, she chanced upon her first investing Mentor Ken Chee & Clive Tan who introduced to her the concept of Value Investing. And through some research, she found that Value investors were the MOST CONSISTENT in growing wealth over the past 50 Years.
After learning from Ken Chee & Clive Tan, she started taking responsibility of her own investment and making her own decision in 2010. In a short 2 years, Pauline achieved a passive income of 12% from dividends (Not including capital gains) and in 2015, she became a multi-millionaire from the stock market.
That gave her the financial freedom to choose the lifestyle she wanted for her family, her kids and herself.