As you guys know I am writing for Sharpe Trade along side this blog. For their premium service in the Sharpe Report I will be starting a new portfolio to manage and teach others. I wanted it to be a real live account and will be starting it at $10,000.
I have pulled that starting capital out of my blog's portfolio. Now this goes against a big rule that i have just this week talked about. Never ever pull money out of a portfolio you are trying to grow. Technically I did pull the money out but also I did not.
The money is out of the blog portfolio's account. It was not taken out of my portfolio. Let me explain what I mean. An account is what you have with a financial entity. An online investing broker or a bank. A portfolio is the conceptual construct of your wealth and how you classify it. Look at my portfolio. I have Investing, Lending Club, and my rental property listed but obvious those are three different accounts. I am now adding a 4th component to this portfolio and having a separate investing account. I also have other financial activities going on that are outside the scope of this blog. ALL of it is within my overall portfolio of how I generate wealth for myself.
I will keep the Sharpe Report's portfolio separate from this blog. That is only fair for Sharpe Report clients and their interests. This entry today here is mostly to let those of you following me in this venue as to why there is a big hit to the total money.
I also wanted to bring up the altered idea of what a portfolio is by way of my example above. If you have a side business running a blog or youtube channel and are generating ads... that cash flow can be part of your portfolio. I know a few of you do ebay selling and "picking" on the side of going through garage sales for vintage items to resell. That can be a leg within your overall portfolio too. Portfolios go well beyond just a stock investing account.
As for the title of this blog entry? Yeah I admit is was click bait lol.
Disclaimer: The investments and trades discussed are not recommendations for others. I am not a financial planner, financial adviser, 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.
I have pulled that starting capital out of my blog's portfolio. Now this goes against a big rule that i have just this week talked about. Never ever pull money out of a portfolio you are trying to grow. Technically I did pull the money out but also I did not.
The money is out of the blog portfolio's account. It was not taken out of my portfolio. Let me explain what I mean. An account is what you have with a financial entity. An online investing broker or a bank. A portfolio is the conceptual construct of your wealth and how you classify it. Look at my portfolio. I have Investing, Lending Club, and my rental property listed but obvious those are three different accounts. I am now adding a 4th component to this portfolio and having a separate investing account. I also have other financial activities going on that are outside the scope of this blog. ALL of it is within my overall portfolio of how I generate wealth for myself.
I will keep the Sharpe Report's portfolio separate from this blog. That is only fair for Sharpe Report clients and their interests. This entry today here is mostly to let those of you following me in this venue as to why there is a big hit to the total money.
I also wanted to bring up the altered idea of what a portfolio is by way of my example above. If you have a side business running a blog or youtube channel and are generating ads... that cash flow can be part of your portfolio. I know a few of you do ebay selling and "picking" on the side of going through garage sales for vintage items to resell. That can be a leg within your overall portfolio too. Portfolios go well beyond just a stock investing account.
As for the title of this blog entry? Yeah I admit is was click bait lol.
Disclaimer: The investments and trades discussed are not recommendations for others. I am not a financial planner, financial adviser, 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.
