No, I didn’t mean by throwing money into a biomedical company. What I am referring to is investing in a broader sense.
If you are willing to withstand volatility, and willing to learn and keep an open mind, investment in the stock market can net you a decent amount of capital gains when the share price goes up, and some pocket change in the form of dividends when you receive them. Sounds like a typical “why invest” reason, but really, that’s all there is to it.
Let’s take this idea one step higher – let’s pretend that the money you put into the stock market is used to make a clone of yourself. Suddenly, it’s a more interesting analogy, isn’t it? By “cloning” yourself, you have created a lower-paid (in most cases) version of yourself, sometimes “using” money and others “saving money” (when the price moves up or down in the market), and you get to keep the money your clone makes.
Taking this concept on another level up, let’s treat the dividends you receive from your clone as their salary. Would you like to increase your clone’s annual salary to match a fresh graduate’s? You would need a large amount of capital, though, so let’s lower the bar – how about a foreign domestic worker in Singapore, or a month’s bonus for yourself? Sounds more feasible, right?
Before you clone yourself, though, make sure that the money you are using is going to a good company, as investing in a bad company will result in an inferior clone, but a good company will give you a good quality clone. Also remember to maintain your clone by shuffling your money around different companies which your clone would “use” or “work for”, if they’re not doing well. As always, caveat emptor.