Power of Passive Investing — 20% ROI/year, doing nothing!
This post does not prove any investing theory, beat the index strategy, or get rich quick scheme—still, a summary of an actual investing journey from the days when I lacked financial literacy.
In 2014, I retired from being a maritime engineer and started my career ashore. As a marine engineer, I got paid in USDs, and unfortunately, most of the sailors (including me) did not know how to take advantage of the salary in USD (tax-free).
Here goes the investing journey.
Back in 2014 — USD: INR
US $1 = INR 60 (rounded for simplicity).
I had accumulated about $20,000 from wages and instructed the bank not to remit INR and remit in USD. Both the bank and staffing department objected to this proposal, as expected. Upon continued insistence, they agreed, and thus, at last, I had USD in the bank account. I did not read any financial magazines or sought financial advice from experts but invested $20K in S&P500. I had only two things running in my mind:
- USD is always preferred for most global transactions / INR depreciating — will continue to decline (don’t ask me why but it is just the trend happening for so many decades).
- I was investing in the US markets (don’t ask me why I did not invest in Amazon or…
