theKimsta_RedCar
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Thursday, 1 May 2008

Progress Report - April 2008

Capital on 30 April '08:
  1. Share Trading: $500
  2. Net Value of Managed Funds: $16,450
  3. Cash Savings: $26,104
  4. Internet revenue: $209
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TOTAL Equity: $43,263
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Notes:
  • Net Value of Managed Funds ($16,450) = Market Value ($36,350) + Excess Equity ($11,800) - Debt (31,700)

Monthly Change:
  1. Share Trading: -$1,000
  2. Managed Funds - Performance: +$1,650
  3. Managed Funds - Savings Plan Contribution: +1,000
  4. Cash Savings - Interest: +$148
  5. Cash Savings - Contribution: +$500
  6. Internet Revenue: +$191
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TOTAL CHANGE: +$2,489
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Notes:
  • Total savings contribution for the month is $1,500 = Manged Funds Savings Contribution ($1,000) + Cash Savings Contribution ($500). Funded by salary contribution.
  • Internet Revenue = Adsense + Internet Research work

Remaining:
  • A further $956,737 is required within 116 months in order to reach account of $1,000,000
  • An average monthly income of $8,248 is required from this point forward

Summary:
  • Account increased by $2,489 due to improving managed fund performances and savings from salary of $1,500.
  • The Australian share market gained 4.6% during the month which subsequently affected my managed fund investments and account accordingly.
  • Additional income streams are required in order to accelerate wealth.

[Go to March '08 Report]

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