Tuesday, 15 September 2015

I Was Literally Broke


Recently I was on the verge of cash bankruptcy when my bank account balance was $1.10!! My wallet merely have only $50+ in it! Pay day was roughly 2 weeks later.. All these was caused by my poor planning.

Luckily I have my friend borrowed me some cash for me to storm over that 2 weeks. It's kind of interesting to have put myself into such deep shit this time though.

Reasons why I was poor:
1) Gungho investing (I used 60% of my salary for investment)
2) I went to restaurant several times during last month
3) Borrowed some money to my friends.

Today, I went to Standard Chartered Bank to open a e-Savers account so that I could apply for the online trading via the bank, I had enough and now I am quite sick and tired of the $25 minimum trading fee. So, that made me decided to leave it running on its own free wheeling from now onwards.

During these period while everything is dropping, I would be adopting the 'Drop More Buy More' strategy. Looking at it I would be splashing in a huge percentile of my income into the pit. No emergency funds, no mercy.

I think that this way is the best way I can quickly grow my wealth so as to get out of the rat race fast. I am aiming for $100k portfolio by this year end. Currently my portfolio is worth $91,195 I have another $8k to contribute to my retirement stocks account. I am quite happy to see that I am actually in the fast track ahead of my projections since my first post in this blog which is shown below.

What about you? Are you as reckless as me?

My 5 Year Target Projection










YearInitial CapitalAnnual
Dividends (6%)
Annual
Injection
Cumulative
Injection
TotalMonthly
Passive
Income


2015$60,000.00$3,600.00$15,000.00$18,600.00$78,600.00$300.00

2016$78,600.00$4,716.00$15,000.00$19,716.00$98,316.00$393.00

2017$98,316.00$5,898.96$15,000.00$20,898.96$119,214.96$491.58

2018$119,214.96$7,152.90$15,000.00$22,152.90$141,367.86$596.07

2019$141,367.86$8,482.07$15,000.00$23,482.07$164,849.93
$706.84


9 comments:

  1. Hi Jfree

    Are you fully invested at all time? I used to have the same problem as well when I was single, basically some discrepancy in planning for cashflow. It will come back to you. Don't worry about it ;)

    ReplyDelete
    Replies
    1. Hi B,

      I am fully invested at all time whenever my pay comes in to me I will instantly park x% into my investment account and wait for opportunity to buy in. I'm single therefore I have nothing to lose. Just wanna hurry up and get out from the rat race!!

      Delete
    2. Ass...saya tidak menyanka kalau saya sudah bisa sesukses ini dan ini semua berkat bantuan MBAH RAWA GUMPALA,saya yang dulunya bukan siapa-siapa bahkan saya juga selalu dihina orang dan alhamdulillah kini sekaran saya sudah punya segalanya,itu semua atas bantuan beliau.Saya sangat berterimakasih banyak kepada MBAH RAWA GUMPALA atas bantuan nomor dan dana ghaibnya,alhamdulillah kini saya sudah bisa membuka usaha kembali yang dulunya pakum karna masalah faktor ekonomi dan kini kami sekeluarga sudah sangat serba berkecukupan dan tidak pernah lagi hutang sana sini,,bagi anda yang punya masalah keuangan jangan sungkan-sungkan untuk menhubungi MBAH RAWA GUMPALA karna insya allah beliau akan membantu semua masalah anda dan baru kali ini juga saya mendaptkan para normal yang sangat hebat dan benar-benar terbukti nyata,ini bukan hanya sekedar cerita tapi inilah kisah nyata yang benar-benar nyata dari saya




      (((( BUKA BLO DANA GHAIB DAN NOMOR GHAIB MBAH RAWA GUMPALA ))))







      Ass...saya tidak menyanka kalau saya sudah bisa sesukses ini dan ini semua berkat bantuan MBAH RAWA GUMPALA,saya yang dulunya bukan siapa-siapa bahkan saya juga selalu dihina orang dan alhamdulillah kini sekaran saya sudah punya segalanya,itu semua atas bantuan beliau.Saya sangat berterimakasih banyak kepada MBAH RAWA GUMPALA atas bantuan nomor dan dana ghaibnya,alhamdulillah kini saya sudah bisa membuka usaha kembali yang dulunya pakum karna masalah faktor ekonomi dan kini kami sekeluarga sudah sangat serba berkecukupan dan tidak pernah lagi hutang sana sini,,bagi anda yang punya masalah keuangan jangan sungkan-sungkan untuk menhubungi MBAH RAWA GUMPALA karna insya allah beliau akan membantu semua masalah anda dan baru kali ini juga saya mendaptkan para normal yang sangat hebat dan benar-benar terbukti nyata,ini bukan hanya sekedar cerita tapi inilah kisah nyata yang benar-benar nyata dari saya.

      Delete
  2. Seems risky. Would recommend you safeguard yourself with reasonable amount of emergency cash and not be too taken away. That gives you a margin of safety when things go wrong.

    Sometimes, when things go wrong, they go wrong simultaneously. You wouldn't be able to withstand the shock then.

    ReplyDelete
    Replies
    1. Hi Lizardo,

      Hmm now that I'm single and available I have nothing to lose. Regards to margin of safety I could always sell off my stocks at a profit or loss when the time comes.. Perhaps I really haven't meet any emergency so far yet that I have concern of.

      I will take note of your words.. maybe I will start keeping some cash with me if needed.. what amount would u recommend me to have with me freely?

      jfree

      Delete
    2. Hi jfree,

      Guess you have to decide what works for you. I do see common advice to keep 6 to 9 months worth of monthly expenses as spare. This is in case you lose your job (retrenched) till you secure a new job.

      Another example I can cite is this: Recently my wife had to go for an op. It cost >$10K. Although she has a H&S insurance, I had to foot the bill first and claim later. Imagine if you did not have the cash on hand to do so? Imagine if you had to support a family emergency need like this?

      And when you most need the cash and decide to sell your stocks instead, you may well find your stock price at a low and up selling at a loss? It will be double the pain.

      Worse, what if both happened at the same time? When the downside has been taken care of, the upside will take care of itself.

      Delete
    3. Hi jfree,

      I agree with Lizardo, I think you can cut back a little and save some emergency fund into some bank account where you can earn good interest like UOB one or OCBC 360 or saving account like CIMB savers account.

      This can be your emergency funds and also the interest is around 2%+ which is quite good already.

      Delete
    4. AYA SEKELUARGA INGIN MENGUCAPKAN BANYAK TERIMAH KASIH KEPADA AKI NAWE BERKAT BANTUANNNYA SEMUA HUTANG HUTANG SAYA SUDAH PADA LUNAS SEMUA BAHKAN SEKARAN SAYA SUDAH BISA BUKA TOKO SENDIRI,ITU SEMUA ATAS BANTUAN AKI YG TELAH MEMBERIKAN ANKA JITUNYA KEPADA SAYA DAN ALHAMDULILLAH ITU BENER2 TERBUKTI TEMBUS..BAGI ANDA YG INGIN SEPERTI SAYA DAN YANG SANGAT MEMERLUKAN ANGKA RITUAL 2D 3D 4D YANG DIJAMIN 100% TEMBUS SILAHKAN HUBUNGI AKI NAWE DI 085-218-379-259

      Delete
  3. saya AHMAD SANI posisi sekarang di malaysia
    bekerja sebagai BURU BANGUNAN gaji tidak seberapa
    setiap gajian selalu mengirimkan orang tua
    sebenarnya pengen pulang tapi gak punya uang
    sempat saya putus asah dan secara kebetulan
    saya buka FB ada seseorng berkomentar
    tentang AKI NAWE katanya perna di bantu
    melalui jalan togel saya coba2 menghubungi
    karna di malaysia ada pemasangan
    jadi saya memberanikan diri karna sudah bingun
    saya minta angka sama AKI NAWE
    angka yang di berikan 6D TOTO tembus 100%
    terima kasih banyak AKI
    kemarin saya bingun syukur sekarang sudah senang
    rencana bulan depan mau pulang untuk buka usaha
    bagi penggemar togel ingin merasakan kemenangan
    terutama yang punya masalah hutang lama belum lunas
    jangan putus asah HUBUNGI AKI NAWE 085-218-379-259
    tak ada salahnya anda coba
    karna prediksi AKI tidak perna meleset
    saya jamin AKI NAWE tidak akan mengecewakan




















    saya AHMAD SANI posisi sekarang di malaysia
    bekerja sebagai BURU BANGUNAN gaji tidak seberapa
    setiap gajian selalu mengirimkan orang tua
    sebenarnya pengen pulang tapi gak punya uang
    sempat saya putus asah dan secara kebetulan
    saya buka FB ada seseorng berkomentar
    tentang AKI NAWE katanya perna di bantu
    melalui jalan togel saya coba2 menghubungi
    karna di malaysia ada pemasangan
    jadi saya memberanikan diri karna sudah bingun
    saya minta angka sama AKI NAWE
    angka yang di berikan 6D TOTO tembus 100%
    terima kasih banyak AKI
    kemarin saya bingun syukur sekarang sudah senang
    rencana bulan depan mau pulang untuk buka usaha
    bagi penggemar togel ingin merasakan kemenangan
    terutama yang punya masalah hutang lama belum lunas
    jangan putus asah HUBUNGI AKI NAWE 085-218-379-259
    tak ada salahnya anda coba
    karna prediksi AKI tidak perna meleset
    saya jamin AKI NAWE tidak akan mengecewakan




















    ReplyDelete