Suyin’s 1,000 bucks challenge has genuinely got me excited to invest again. It feels really good to start a whole new portfolio from scratch.
To catch you up on our challenge:
Terms of the Challenge
- The first goal – RM10,000
We are in fact not just going for RM1,000 but 10 x RM1,000 for a grand total of RM10K each. Suyin’s challenge was to raise this money, not from our day/main income but instead, to think of other ways.
- The second goal – giving back
We plan to invest this RM10K each into separate stock portfolios. The giving back part will come from the dividends of the said portfolio. A portion will be reinvested and a portion will be donated. I know that it won’t be much at first but we both agreed that in the long run, this wins hands down.
Raising the Money
So Suyin has actually thought of her way – selling off her second-hand clothes for the first RM1,000. She’s doing it via her Instagram stories and she’s doing really well.
I myself don’t have that any clothes that are in the condition to let go off.
Suyin X DM T-SHIRTS!
We’ve both actually decided to collaborate and come up with some T-shirts!! It has actually always been a plan (and a sort of dream) of mine to have shirts that speak ”investing” and this is going to be it! Instead of coming up with merchandise to sell for profit, we will instead be putting all the profits into the 10k charity portfolio.
As we will both be putting up our own money to get the T-shirts printed, packaged, and shipped, we’d like to first estimate and gauge interest as well as the sizes for this. We will be ordering the first batch soon and the next batch will probably take some time. So please do register your interest.
We’ve tried on the sizes and I fit into an M, Suyin fits into an XS.
We’ve also decided to go for better, more premium shirts. So be assured that you’ll be getting what you pay for – RM50 per tee.
Think of this as you donating a little and we consider all of you stakeholders in the 10k charity portfolio. Although we have yet to decide on the charity to donate to, we are looking for ideas and will of course do our due diligence before deciding.
Below is a form for the T-shirts. Please do support us and let us know if you’re interested in them. All proceeds will be going to the Giving Back Portfolio. And lastly, thank you everyone, and do join us for the next 20 years!
I’ll be updating this page as we proceed.
Meanwhile, as we accumulate the RM10K, we will be placing the money in a short term interest generating account. Most likely going to use StashAway Simple for this.
I am sincerely hoping for this to work out and be able to do this for a very long time. Thank you again for coming on this journey with us.