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 talk more about how the three accounts will work together in the 3rd account video tying everything together.
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.
Are you planning on to keep the model portfolio going in terms of making weekly deposits? Public or privately?
ReplyDeleteIn regards to the Effort portfolio without your own money on the line, it might take a backseat when you get overwelmed by things in your life. You are trying to help people by teaching the nuts and bolts of things. In a nutshell, are we going to see the same level of public presence as before?
Great questions
DeleteEven though all three will be demo accounts without real money in them I will continue to do a weekly deposit into them. For me, the psychological benefit of keeping oneself going is too great to pass up. I'll get more into that when I talk about the 3rd account.
On too much work... Potentially that could happen and it is something I will need to keep an eye on because it does everyone no good if I do not keep the updates and discussion coming. It'd be time wasted in me creating content and in you guys waiting.
However, I think this will be less work then before. With the previous Model Portfolio I had two rather intensive accounts, trading and investing. Here I will only have 1. Permanent Portfolio takes an hour every 6 months of work. It'll be as intensive as the previous Savings account. The 2nd account will be less work then my investing account which I will talk about shortly.
The last account will basically be investing and trading that I have previously shown and what I already do with other accounts of mine. Some, but not all, of the actions will be the same as what I am doing already. The difference being these all will be fantasy fake demo accounts whereas my own $ actions will be different from my actual ones.