Building Wealth For Financial Independence and Retire Early
Time is going by fast as I work on building a Passive Income Stock Portfolio that will earn approximately $500 per month with a total equity of around $100,000. This month’s additions were ANZ and Wesfarmers, both ASX20 companies with a large cap and hopefully a business that will deliver good dividends and growth.And Suncorp … Read more
Forex March was a busy month trading forex. Volatility created opportunities but also big swings in NAV.Fortunately I managed to make some profits after a big swing against my first few trades. Forex is high risk and the possibility of crazy markets that cause huge if not total account losses is always there. Gains for … Read more
Forex February was another quiet month for forex trading. I traded smaller than usual as the world of finance seems a little more volatile.Forex is high risk and the possibility of crazy markets is always there. Gains for Feb 22 was $2227 and will contribute to the Passive Income Portfolio. 2227 Options No options trading … Read more
My plan is to Passive Income Stock Portfolio that will earn $500 a month and will have a value of around $100,000.The plan was to reach the 100k in 12 months though it seems I’m behind schedule right now. This month’s additions are AGL Energy, Platinum Asset Management and WAM Capital. The total stock count … Read more
Forex January is generally not a high earning month for trading, some opportunities did present themselves and some gains were made. Lots of world markets turmoil makes me risk adverse and consequently trade smaller even though it reduces profits.Forex is high risk and the possibility of crazy markets is always there. Gains for Jan 22 … Read more
My plan to build a Building A $500 A Month 100k Stock Portfolio is going a little slow though still going.This month I added a few more stock that will hopefully grow and provide reasonable dividends. At this time I’m not much focused on the price and value fluctuations but more on building the portfolio … Read more
As set out in this post Building A $500 A Month 100k Stock Portfolio the plan is to put together a portfolio of stocks with the specific goal of earning $500 per month or $6000 per year. After 4 months it’s starting to take shape with a few good dividend stocks that were bought during … Read more
Setting investment goals is one of the fun things I get to do as an investor.2022 comes with lots of uncertainty and many popular finance speakers predicting a possible fall or crash in both real estate and stocks.I won’t let any of this affect my planning both for income and building wealth and assets. Will … Read more
Forex December 2021 was a very quiet period for my Forex trading with not much happening other than some small trades and profits. Total Income from Forex trading for December 21 over three accounts was $1716. Options No options trading for December as the conditions for my setups were not met.It may be weeks or … Read more
Forex Another good month for my trading during November.I trade three accounts with three slightly different strategies and risk levels.This is also a form of protection in case there’s unforseen problems with one of the brokers.They’re all regulated by ASIC and are required by law to segregate traders funds, but who knows what may happen … Read more