Here is some good advice for anyone in an abusive relationship:
I wonder how many people would need to follow this to actually make an impact?
Friday, January 15, 2010
Saturday, January 9, 2010
My Net Worth Update for 2009 and Goals for 2010
Back in 2005 I calculated that my net worth would reach $1 million by the end of 2012 if I could manage a steady 20% yearly increase. I have been tracking my progress ever since. In 2009 which was year 4, my net worth increased by 32.9% or $116,800. That is unfortunately not enough to make up for the major setback that was 2008.
In 2009 I was able to max out my 401k and my IRA contributions. I also contributed $3,000 to a 529 plan. Where I failed to execute was on the trading side. I remained too cautious after the stock market bottom was in, siding with the “non-believers” that the rally was for real.
My goals for 2010 are:
-max out 401k and IRA contributions
-contribute $5,000 to the 529 plan
-grow my investment portfolio by pursuing trading and investing opportunities in order to get as close as a $690,200 net worth as possible
On the real estate side, I will keep an eye open for any good opportunity to invest. But not before the $8,000 incentive for first-time home buyer has expired. Once the incentive will be gone, the housing prices are likely to correct further.
| | Target | Actual | | |
| Dec-06 | $328,800 | Missed by $29,700 | | |
| Dec-07 | $395,800 | Missed by $18,700 | | |
| Dec-08 | $476,400 | Missed by $121,000 | | |
| Dec-09 | $573,400 | Missed by $101,200 | | |
| Dec-10 | $690,200 | | | |
| Dec-11 | $830,800 | | | |
| Dec-12 | $1,000,000 | | | |
In 2009 I was able to max out my 401k and my IRA contributions. I also contributed $3,000 to a 529 plan. Where I failed to execute was on the trading side. I remained too cautious after the stock market bottom was in, siding with the “non-believers” that the rally was for real.
My goals for 2010 are:
-max out 401k and IRA contributions
-contribute $5,000 to the 529 plan
-grow my investment portfolio by pursuing trading and investing opportunities in order to get as close as a $690,200 net worth as possible
On the real estate side, I will keep an eye open for any good opportunity to invest. But not before the $8,000 incentive for first-time home buyer has expired. Once the incentive will be gone, the housing prices are likely to correct further.
Saturday, January 2, 2010
My Investment Portfolio Return for 2009
My portfolio was up 20.8% in 2009. In comparison, the S&P500 was up 26.5% including dividends (23.5% before dividends).
In the accounts I actively trade, I started the year mostly in cash. I have been tiptoeing back into the market, but not aggressively enough, which explains my lackluster year compared to the S&P500.
I have been diversified across 3 different strategies:
-Buy-and-hold currently represents 30% of my portfolio
-Trend following using ETFs
-Swing trading on stocks which has not been working so well
In 2010 I will reduce the amount of swing trading and increase the share of my portfolio dedicated to trend following.
In the accounts I actively trade, I started the year mostly in cash. I have been tiptoeing back into the market, but not aggressively enough, which explains my lackluster year compared to the S&P500.
I have been diversified across 3 different strategies:
-Buy-and-hold currently represents 30% of my portfolio
-Trend following using ETFs
-Swing trading on stocks which has not been working so well
In 2010 I will reduce the amount of swing trading and increase the share of my portfolio dedicated to trend following.
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