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
|Year||Initial Capital||Annual |