Investing Your Capital Advice From A 21 Year Old – Michael Abasie

Estimated read time 3 min read

When you think of a seasoned investor, the image of an older, grey-haired individual, possibly in a suit, might come to mind. But today, we introduce you to an investor who’s defying the stereotypes — a 21-year-old wunderkind who began their investment journey in college at just 17. Over a brief chat, they opened up about their journey in the fast-paced world of investing, their side hustles, and the importance of mentorship.

Q: Can you give us a brief introduction about your early investment days?

A: Absolutely! I began investing when I was in college at 17. It’s been almost five years now, and I’ve dabbled in various avenues from fast-paced day trading to stocks and shares. The world of investing grabbed me early on, and I’ve been engrossed ever since.

Q: That’s impressive! Alongside investing, you’ve also explored other business avenues. Can you tell us more about that?

A: Yes, investing was just the tip of the iceberg for me. I’ve ventured into several businesses from re-selling to drop shipping, even interior design. These endeavours have not only provided me with diverse experiences but have also significantly boosted my portfolio, which has now surpassed six figures.

Q: What’s the most common misconception about investing, according to you?

A: There’s this widely held belief that you can simply put money into an investment, and millions will magically appear. That’s far from reality. Investing demands dedication. One needs to study the market, be consistent, and truly put in the work to see any substantial profits.

Q: Many young investors struggle to navigate the complexities of the industry. How did you manage to find your way?

A: Mentorship. It’s absolutely crucial. Just as in education, where you need a teacher to guide you, in investing, having a mentor who’s already achieved what you aspire for can provide invaluable guidance. I was fortunate to find such a mentor early on.

Q: We’ve heard you’ve worked with clients across major cities like London, New York, and Dubai. How do you approach a new client?

A: Every client is unique. Before jumping into any investment suggestions, I spend quality time understanding their daily habits, goals, and aspirations. This helps me guide them better, pinpointing where they should invest for both short and long-term gains.

Q: For our readers aspiring to follow in your footsteps, do you offer any guidance or mentorship?

A: Absolutely! I offer 1:1 mentoring for those keen to earn passive income through investing. It’s a way for me to give back and guide others as I was once guided.

Q: That sounds fantastic! How can potential clients or mentees get in touch with you?

A: I’m always open to enquiries. New clients or anyone interested in mentoring can contact me directly on my Stripe.

In a world dominated by older players, this 21-year-old is proving that age is but a number. Their journey exemplifies that with dedication, the right mentorship, and a keen understanding of the market, anyone, regardless of age, can make their mark in the world of investing.