Rohan (42) is a Sydney IT professional who likes to relax with a good book in hand. This bookworm focuses on his spirituality, health and wealth. Earning $150,000 a year, he has successfully amassed a net worth of around $2.5 million.
What’s behind your financial success and how does your net worth break down?
I worked hard to create my wealth. Initially I built a property portfolio in order to give myself some stability and build a solid financial foundation. The rest of my investment portfolio is in shares.
Specifically, I look for cutting-edge companies with a proven track record of solving problems in sectors that have decades of growth in front of them. I’m looking at where they might be in the next 25 years.
Which sectors are you the most excited about?
I’m keen on the companies of tomorrow such as those working in fintech on blockchain, crypto, and payments. I’m also really interested in solving industry stress with biotech, hydrogen, robotics, artificial intelligence (AI), and semiconductors. I also really like battery metals.
How’d you get started?
I read a lot and got really into finance and investing through that. The more interested I got, the more I read on the subject, both online and in books.
What’s your investment strategy now?
To keep on investing and building up my portfolio and working smart. At the moment I’m holding onto cash and plan on buying ETFs when the market takes a 20% hit.
If I gave you $5,000 right now, what would you buy?
I would buy Paypal. With a larger amount I might buy an ETF instead.
What’s the best trade you’ve made?
I built up a good position on miner Atlas Iron before it was taken over by Fortescue Metals Group (FMG).
And the worst?
When I first started out on the ASX, I was buying penny stocks. I thought one had a future but it was wound up instead. To this day, it’s the biggest financial mistake I ever made.
What do you love to spend money on?
I don’t really have any guilty pleasures. I like to invest in smart things that can help save me time and energy, including when it comes to investing. Work smarter, not harder is my motto.
What would you tell your younger self about money and investing?
Never touch penny stocks. Instead buy ETFs with the aim to invest $1 million dollars in them. It will take care of itself as well as you.
Superhero does not provide personal investment advice. Names have been changed and the interview edited for clarity.
Read our latest articles
Make knowledge your superpower and up your skills and know-how with our news, educational tools and resources.