Progress Report - March 08

Capital on 31 March '08:

1. Share Trading: $1,500
2. Net Value of Managed Funds: $13,800
3. Cash Savings: $25,456
4. Internet revenue: $18
   

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TOTAL Equity: $40,774
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Notes:

• Transferred $5,000 into managed fund investments account (invested $1,500, loaned $1,500, additional excess equity $3,500)
• Net Value of Managed Funds ($5,500) = Market Value ($33,700) + Excess Equity ($11,800) - Debt (31,700)
  
• Cash Savings Interest Rate is 7.00% p.a. with NetBank Saver

Monthly Change:

1. Share Trading: -$350
2. Managed Funds - Performance: -$4,000
3. Managed Funds - Additional Investment: $5,000
   
4. Managed Funds - Savings Plan Contribution: +1,000
5. Cash Savings - Interest: $140
   
6. Cash Savings - Transfer to Managed Funds: -$5,000
7. Cash Savings - Contribution from Salary: $1,500
   
8. Internet Revenue (Google Adsense): +$3

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TOTAL CHANGE: -$1,707
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Remaining:

• A further $959,226 is required within 117 months in order to reach account of $1,000,000
  
• An average monthly income of $8,199 is required from this point forward

Summary:

• Account fell by $1,707 due to deteriorating managed fund investment performances.
• The Australian share market dropped by 3.9% during the month which subsequently affected my managed fund investments and account accordingly.

[Go to Feb '08 Report]