theKimsta_RedCar
Google
 

Tuesday, 1 April 2008

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]

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