Theoretical Family 2.0 Part 2

The Theoretical Family has some work ahead of them...

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 assumption here is that the Theoretical Family in their late 20s start fixing their finances and that by age 35 they have their $600 a month profit. 6-8 years seems reasonable to me with what I discuss in the video.


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.

Theoretical Family Part 1

I'm revamping the blog. Its no longer about me but about the Theoretical Family...

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.

-$664 a month. Wow they have dug themselves into a big hole. I don't think this situation is really that rare judging from what I have seen in my own life and in polls, surveys and on the news. Its very easy to do too. We get out of college and have no real concept of the consequences of the debt being shoved in front of us. Buy this house, buy this car, use this card to fulfill your dreams.

It can seem pretty hopeless and useless to try to reverse once you find yourself in this position. A lot of families never even try or just given up. My next entry will be in how the Theoretical family gets out of this mess.

Mr and Mrs Theoretical have their full budget on their own tab now.

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.

Week 61 update

The year is half over. How am I doing?

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.

Weekly Activity
$150 deposit into Savings
$66.44 deposit into Trading
$1.74 dividend from ERF

Model Portfolio Totals

Trading Account: $1,625.78
Estimated Monthly Income: $0
Max loss per trade (1% of account): $16.25
Portfolio stop (3% account): $48.75

Investing Account: $3,554.13
Estimated Monthly Income: $9.88 ($0.283 from DRIP)
Stock
     ABT: $0.76 ($0.006 from DRIP)
     AFL: $0.63 ($0.005 from DRIP)
     WMT: $0.59 ($0.011 from DRIP)
Energy
     COP: $0.78 ($0.016 from DRIP)
     ERF: $0.90 ($0.059 from DRIP)
     PSX: $0.12
REITs
     O: $1.10 ($0.039 from DRIP)
BDCs
     TCAP: $2.14
Bonds
     JNK: $1.70 ($0.101 from DRIP)
     PCY: $1.16 ($0.045 from DRIP)
Maneuvering Cash: $1,250.44

Savings Account: $1,675.12
Emergency Fund: $1,000
General/Car Fund: $325.12
Portfolio Protection
     Trading Account: $100
     Investing Account: $250


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.

Book Review: Intelligent Investor Part 1

I had planned for only a quick review but as I was reading my notes kept getting longer and longer.

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.

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.

Model Portfolio 2.0 details

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.

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.

Week 60 update

Possible game changers in Europe...

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.

Weekly Activity
$100 deposit into Investing
ERF cut the dividend -50%

Model Portfolio Totals

Trading Account: $1,559.34
Estimated Monthly Income: $0
Max loss per trade (1% of account): $15.59
Portfolio stop (3% account): $46.77

Investing Account: $3,527.43
Estimated Monthly Income: $9.87 ($0.268 from DRIP)
Stock
     ABT: $0.76 ($0.006 from DRIP)
     AFL: $0.63 ($0.005 from DRIP)
     WMT: $0.59 ($0.011 from DRIP)
Energy
     COP: $0.78 ($0.016 from DRIP)
     ERF: $0.89 ($0.048 from DRIP)
     PSX: $0.12
REITs
     O: $1.09 ($0.035 from DRIP)
BDCs
     TCAP: $2.14
Bonds
     JNK: $1.70 ($0.101 from DRIP)
     PCY: $1.16 ($0.045 from DRIP)
Maneuvering Cash: $1,250.44

Savings Account: $1,525.12
Emergency: $1,000
General/Car Fund: $225.12
Portfolio Protection
     Trading Account: $50
     Investing Account: $250




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.

Enerplus (ERF) cut their dividend

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.

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.

Week 59

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.

Weekly Activity
$100 deposit into Investing
TCAP increased dividend 6.3%

Model Portfolio Totals

Trading Account: $1,559.34
Estimated Monthly Income: $0
Max loss per trade (1% of account): $15.59
Portfolio stop (3% account): $46.77

Investing Account: $3,441.50
Estimated Monthly Income: $10.75 ($0.307 from DRIP)
Stock
     ABT: $0.76 ($0.006 from DRIP)
     AFL: $0.63 ($0.005 from DRIP)
     WMT: $0.59 ($0.011 from DRIP)
Energy
     COP: $0.78 ($0.016 from DRIP)
     ERF: $1.79 ($0.097 from DRIP)
     PSX: $0.12
REITs
     O: $1.09 ($0.035 from DRIP)
BDCs
     TCAP: $2.14
Bonds
     JNK: $1.69 ($0.091 from DRIP)
     PCY: $1.16 ($0.045 from DRIP)
Maneuvering Cash: $1,150.44

Savings Account: $1,525.12
Emergency: $1,000
General/Car Fund: $225.12
Portfolio Protection
     Trading Account: $50
     Investing Account: $250

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.

Portfolio Management stop on Forex trading

I knew that 4 losses to start off June was a bad sign...

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 I have to stop trading for the week which means no trades today or tomorrow. If I was trading live money the next deposit would have to go into the Trading account to ensure that it grows. That is very critical at this point. Otherwise I could be trading making $5 here and $2.50 there for quite awhile. By having the deposits cover strings of losses I will still be increasing my portfolio while I am learning. Once I deem myself ready to trade with real money the learning process doesn't stop. It takes years to master a skill and the markets are always changing. I know a commodity trader who has been trading for 16 years starting up Forex and still learning.

As I mention in the video, I do want to hear your ideas on future Trading account rule changes. Hitting the $3,500 mark isn't as far off as it sounds. If I push hard that could be 3 months with the extra monthly deposits.


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.

May Forex Trading 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.

Overall I am pretty happy with how May went. June is starting out rough with 4 losses in a row.

In the past that would have distracted me, bummed me out, perhaps even made me start questioning myself and what I was doing. After having the string of losses from my coin flip experiment its a lot easier to handle now.


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.

Week 58 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.

I'll have a follow up video in the next couple days with a trading update. Although youtube allows my to do videos longer the 15 minutes I've always felt that was a good maximum for 1 video.


Weekly Activity
$100 deposit into Savings
$1.15 dividend from PCY
$1.88 dividend from AFL
$2.31 dividend from COP
$1.75 dividend from WMT
$0.33 interest for Investing cash
$0.12 interest for Savings cash


Model Portfolio Totals

Trading Account: $1,559.34
Estimated Monthly Income: $0
Max loss per trade (1% of account): $15.59
Portfolio stop (3% account): $46.77

Investing Account: $3,256.83
Estimated Monthly Income: $10.62 ($0.307 from DRIP)
Stock
     ABT: $0.76 ($0.006 from DRIP)
     AFL: $0.63 ($0.005 from DRIP)
     WMT: $0.59 ($0.011 from DRIP)
Energy
     COP: $0.78 ($0.016 from DRIP)
     ERF: $1.79 ($0.097 from DRIP)
     PSX: $0.12
REITs
     O: $1.09 ($0.035 from DRIP)
BDCs
     TCAP: $2.01
Bonds
     JNK: $1.69 ($0.091 from DRIP)
     PCY: $1.16 ($0.045 from DRIP)
Maneuvering Cash: $1,050.44

Savings Account: $1,525.12
Emergency: $1,000
General/Car Fund: $225.12
Portfolio Protection
     Trading Account: $50
     Investing Account: $250




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.

Lets start a Book Club

The first rule about Book Club is you don't talk... wait... sorry wrong club....

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.

This is an idea I have been thinking about for awhile and now that a new month has started it seemed like a good time.

I'll be honest with you guys, I started reading the Intelligent Investor and knew I was grasping fully all the parts. Now I am no Einstein but I like to consider myself as not a dumb ass. If I was having difficulty then surely other were too. This is a way we can share ideas, process, and insight from our own investing and trading experiences.

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.