theKimsta_RedCar
Google
 

Sunday, 1 June 2008

Progress Report - May 2008

Capital on 31 May '08:
  1. Share Trading: $250
  2. Net Value of Managed Funds: $17,960
  3. Cash Savings: $26,944
  4. Internet revenue: $458
----------------------------------------------------------------------------------------
TOTAL Equity: $45,612
============================================

Notes:
  • Net Value of Managed Funds ($17,960) = Market Value ($37,860) - Debt ($19,900)


Monthly Change:
  1. Share Trading: -$250
  2. Managed Funds - Performance: +$510
  3. Managed Funds - Savings Plan Contribution: +$1,000
  4. Cash Savings - Interest: +$152
  5. Cash Savings - Contribution: +$688
  6. Internet Revenue: +$249
----------------------------------------------------------------------------------------
TOTAL CHANGE: +$2,349
============================================

Notes:
  • Total F.A.S.T. Method savings contribution for the month is $1,688 = Manged Funds Savings Contribution ($1,000) + Cash Savings Contribution ($688).
  • Internet Revenue ($249) = AdSense ($8) + Internet Research work ($241)
  • Cash Savings interest rate is 7.00% p.a.

Remaining:
  • A further $954,388 is required within 115 months in order to reach a capital of $1,000,000
  • An average monthly income of $8,299 is required from this point forward

Summary:
  • Account increased by $2,349 due to improving managed fund performances and contributions from salary of $1,688.
  • The Australian share market gained 1.0% during the month.
  • Keep moving forward in order to increase income streams and accelerate wealth creation.
  • Next month's F.A.S.T. savings plan contribution is $1,739.

[Go to April 2008 Report]


0 comments: