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.
The ability of the savings account to generate hidden profit by preventing small emergencies from becoming large ones shouldn't be overlooked. Its just another example of how Money Management works outside the portfolio.
$175 withdraw out of Emergency Savings for car repair
$100 deposit into Savings
$1.07 dividend from O
Model Portfolio Totals
Trading Account: $849.33
Estimated Monthly Income: $0 (Not ready to trade until Phase 1 completed)
Max amount in Forex trade (50% of account): $424
Max loss per trade (1% of account): $8
Portfolio stop (3% account): $25
Investing Account: $1,739.16
Estimated Monthly Income: $6.02 ($0.077 from DRIP shares)
WMT: $0.53 income/month
ERF: $1.70 income/month ($0.019 from DRIP shares)
O: $1.07 income/month ($0.014 from DRIP shares)
JNK: $1.62 income/month ($0.030 from DRIP shares)
PCY: $1.09 income/month ($0.014 from DRIP shares)
Maneuvering Cash: $500
Savings Account: $775
Trading Account: $50
Investing Account: $250
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.