Quite a bit to talk about for the Model Portfolio's weekly update
EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.
So what do you guys think about increasing the Weekly Deposits of the Investing and Trading accounts by tweaking the Average American Family's budget? I've been debating on that point a bit. At first I thought it would be breaking the spirit of the Rules of the Portfolio. However a family making tough choices to work towards their goals isn't unreasonable.
The Investing account has received its first DRIP. Yes sirree 0.0404 free shares generating $0.005 extra a month! Ok well its a start at least. In all seriousness, I have added a DRIP section to the spreadsheet. This will record how many free shares I have received through compounding and how much free income it is generating vs if I would take it as cash.
$100 deposit into Savings
Model Portfolio Totals
Trading Account: $300
Estimated Monthly Income: $0 (Not ready to trade until Phase 1 completed)
Max amount in Forex trade (20% of account): $60
Max loss per trade (2% of account): $6
Investing Account: $1,299.60
Estimated Monthly Income: $5.74
ERF: $1.68 income/month
O: $1.05 income/month
JNK: $1.84 income/month
PCY: $1.17 income/month
TLT: $250 reserved for future purchase
Maneuvering Cash: $110.03
Savings Account: $600
Portfolio Protection: $100
Precious Metals: $0
Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others.
I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.