theKimsta_RedCar
Google
 

Friday, 1 February 2008

Progress Report - 31 Jan 08

Capital on 31 Jan 08:

1. Net Value of Managed Funds: $12,300
2. Cash Savings: $29,158
3. Internet Revenue: $10
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TOTAL $41,468
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Notes:
  1. Managed funds are geared; invests in Australian shares; funds' performance is dependent on share market performance
  2. Net Value of Managed Funds ($12,300) = Market Value ($34,200) + Excess Equity ($8,300) - Debt ($32,000)
  3. Cash investment is currently growing at a rate of 6.40% with ING Savings Maximiser; rate is dependent on the RBA Cash Rate, currently 6.75%
  4. Monthly contribution from salary is expected to be $1,000

Monthly Change:

1. Net Value of Managed Funds: -$8,000
2. Cash Savings Interest: +$158
3. Contribution From Salary: +$1,000
4. Internet Revenue: +$10
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TOTAL CHANGE -$6,832
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Remaining:
  • A further $958,532 is required within 119 months in order to reach account size of $1,000,000.
  • An average monthly income of $8,055 is required from this point forward.
Summary:
  • A bad month for Aussie (and world) share markets, losing as much as 18% during January alone, see previous article. Although, it did recover somewhat and finished the month 11% lower.
  • The impact on my managed fund investments were major due to geared position, it reduced in value by $8K. Fortunately, I had enough equity in my trading account to prevent a margin call.
  • Internet revenue of $10 were entirely from the experiment with Google Adsense program.

1 comments:

Angie said...

Internet revenue?

AWESOME!