Posts
5 Months focus - Update
The title is time delay. For my 40 Birthday this year, I purchased a truck and a building for $5500. The truck runs and will serve as my first billboard, 12 more to go.
My building is warehouse/garage 1800 sq ft. I purchased it with the items inside, possibly $700 in scrap metal. I also purchased a clean out job and the repair of a new roof. I did it. Will clean out, prepare for usage and decide to rent, lease, or sale. Build to stand another 100 years.
My stock trading to a couple hits. I started with $5400 and as of this date $4100.00. The goal was to double it in a year. I am down 1300 and $9500.00 to go (April start)6 months to go. I was not certain of how I was going to hit this goal. I jumped right in and forced myself to trade, so I could make all my mistakes quick and early. Pay attention to the EX dates and never buy a stock that date, unless its a great deal of course. The main reason is that if you are going to invest in a company 's stock, why not get some of your money back as fast as possible.
Be conscious of buying foreign stocks. The risk is the not the same, nor is the foreign tax specifically as you consider your potential profit. I went against my rules yet I learned quite fast. I am going to sale all non producing stocks. Meaning if the stock is not paying quarterly or monthly, its almost not worthy to consider holding the stock, except for purposes of buying to earn dividends yet sale all the stock. Make a note or put a watch indicator on the stock, sell all shares. Even if the stock is $25, you know how to employ that stock to earn $0.30 a month.
This reading is a great indicator of my challenge of doubling it. I am thinking in income systems. The stocks I am choosing provide income, steady income. Is not worth while to invest in stocks that will weather the "world" for some time in the future - 20 years.
My building is warehouse/garage 1800 sq ft. I purchased it with the items inside, possibly $700 in scrap metal. I also purchased a clean out job and the repair of a new roof. I did it. Will clean out, prepare for usage and decide to rent, lease, or sale. Build to stand another 100 years.
My stock trading to a couple hits. I started with $5400 and as of this date $4100.00. The goal was to double it in a year. I am down 1300 and $9500.00 to go (April start)6 months to go. I was not certain of how I was going to hit this goal. I jumped right in and forced myself to trade, so I could make all my mistakes quick and early. Pay attention to the EX dates and never buy a stock that date, unless its a great deal of course. The main reason is that if you are going to invest in a company 's stock, why not get some of your money back as fast as possible.
Be conscious of buying foreign stocks. The risk is the not the same, nor is the foreign tax specifically as you consider your potential profit. I went against my rules yet I learned quite fast. I am going to sale all non producing stocks. Meaning if the stock is not paying quarterly or monthly, its almost not worthy to consider holding the stock, except for purposes of buying to earn dividends yet sale all the stock. Make a note or put a watch indicator on the stock, sell all shares. Even if the stock is $25, you know how to employ that stock to earn $0.30 a month.
This reading is a great indicator of my challenge of doubling it. I am thinking in income systems. The stocks I am choosing provide income, steady income. Is not worth while to invest in stocks that will weather the "world" for some time in the future - 20 years.
