theKimsta_RedCar
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Saturday, 1 March 2008

Progress Report - Feb 08

Capital on 29 Feb '08 (leap day!):
  1. Share Trading: $1,850
  2. Net Value of Managed Funds: $11,800
  3. Cash investment: $28,816
  4. Internet revenue: $15
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TOTAL Equity: $42,481
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Notes:
  • Transferred $2,000 into Share Trading from Cash Investment account
  • Net Value of Managed Funds ($10,800) = Market Value ($32,700) + Excess Equity ($8,300) - Debt ($30,200)
  • Cash investment is currently growing at a rate of 6.75% with CBA NetBank Saver account

Monthly Change:
  1. Share Trading - Performance: -$150
  2. Share Trading - Contribution: +$2,000
  3. Managed Funds Performance: -$500
  4. Cash Savings - Interest: +$158
  5. Cash Savings - Transfer to Share Trading: -$2,000
  6. Cash Savings - Contribution: +$1,500
  7. Internet Revenue (Google Adsense): +$5
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TOTAL CHANGE: +$1,013
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Remaining:
  • A further $957,519 is required within 118 months in order to reach account size of $1,000,000.
  • An average monthly income of $8,115 is required from this point forward.

Summary:
  • The Australian share market ended the month slightly down from the previous month; but there are still a lot of volatility and uncertainties around.
  • My personal salary contribution to this account will now be $1,500 per month due to receiving a pay rise at work.

[Go to Jan '08 Progress Report]

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