In this op-ed piece, Alexis Assadi, a former financial blogger discusses why he left the personal finance space. Between 2014 and 2018 he produced podcasts, videos, emails and articles that were consumed by a global audience. But he abruptly stopped towards the end of that final year. Alexis Assadi explains how he matured and developed new interests over time, which ultimately led to the decline of his blog. He also addresses his desire to dedicate his work to operating private companies.
I became interested in investing during university. That was about twelve years ago. One day a banker called me at home and convinced me to put my savings in a mutual fund. I didn’t have much then, maybe a few hundred dollars, but it seemed like a lot at 19 years-old. I trusted the banker automatically because she worked for one of Canada’s major financial institutions. Thanks to her, I invested in a mutual fund for the first time.
I began to feel anxious after a few days. I realized that I didn’t quite understand what I had just done. I didn’t even know what a mutual fund was. The concept of investing was foreign to me, besides the basic notion of using money to make more of it. I wanted details now that my capital was at risk. As such, I began to search for them. And that’s how my journey as an investor began. Of course, my first act as an investor was the opposite of what one should do. A person is supposed to understand the details before making an investment. I didn’t understand that back then and it was one of the first lessons I learned.
Investing quickly became a passion even though I had no formal training in it. I had never taken a business class in school. But I loved the concept of making money through buying and selling assets. It seemed sophisticated and prestigious. I followed most of the financial journals and subscribed to websites like Investopedia and Seeking Alpha. Because of my job during my early 20s I was also spending time with people like Robert Kiyosaki, the author of Rich Dad Poor Dad, and that ecosystem revolved entirely around building wealth. My identity – Alexis Assadi – was being shaped into “businessman” and “investor” as a young adult.
In 2014, I started a personal blog at AlexisAssadi.net to share my experiences with the world. On it, I discussed building passive income, investing in businesses and real estate deals, buying stocks and other related topics. I even wrote a book. My website gained traction and I gathered over 20,000 email subscribers as a result. I sold courses and other products, and I learned a great deal about running an online company.