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]