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.
Click bait indeed... seems you're going to do well with the premium reports! ;)
ReplyDeleteBut you make a great point about portfolios in general. I tend to think of ALL my assets as a piece of the puzzle. I only talk about some of them online, but none are hidden when I consider my overall investable assets and the passive income they currently or will produce. This goes for 'side' income as well, such as the blog or other adventures.
Best of luck on the new site and premium report.
You make a good example in calling it a puzzle. When all the pieces fit together it can make some greater than the sum of the pieces.
DeleteTo be honest, the title grabbed my attention. I was like, "What the hell !! How the heck did he lose 33 % of his account?". I had to read the article write away.
ReplyDeleteThanks for stopping by IP. Yeah I had to click bait it lol.
DeleteLooks like you made a great call on dumping WHZ....it opened today at $5.56
ReplyDelete-Bill
Yes most oil companies are having a rough time. I saw WHZ didn't drop like the others. I won't make a prediction as to why it didn't drop. There is no need to just that it did happen and the odds were heavily in favor of it dropping. Thanks for stopping by.
DeleteEnjoying the content on Sharpe, keep it up!
ReplyDeleteThanks IE
DeleteA little click bait never hurt anyone ha! It was the reason I read the article wondering how the hell you lost 33% of your account.
ReplyDeleteMr. Captain Cash
At least it was for a good reason and not to sell a product lol. Thanks for stopping by CC
DeleteBrad haven't seen any of your sharpetrade articles for a while~ hope all is well.
ReplyDeleteThis is what I was told in an email:
DeleteSharpe Trade
May 22 (12 days ago)
to me
Hello,
The second trader mentioned in the video is no longer with the company. Our website and that video will be updated soon to reflect that change.
Sincerely,
Client Services,
Sharpe Trade LLC
If Brad is leaving sharpetrade he is already doing better for himself.
ReplyDelete