This had been on my mind for quite awhile already. Each time I sat down, I will always have an inner feeling that tell me that I'm not ready to pen this down. Indeed, I have to agree that this will seriously take me awhile to complete.
Had a chat with Colin today (16 Jan 12) and his proposition make me think harder and deeper into what I really wants to accomplish these few years on. Hence, I start to pen down in my iPhone, my thoughts starting 16 Jan 12. Let see how long it will take me to complete this entry.
His proposition - Good Debts. Get a loan and fund my trading account with $10K. Looking at the interest rate, generally it should work out to be about 2% or lower each month. Trade on what we had learnt, we should be able to do well, just stay discipline and dun ever fight the market. Get the direction right and follow what the master say. It's possible to double your account in 2-3 weeks time. Look good and sound simple enough, for we do really have the master with us. In fact, it's not one but two masters leading and coaching us.
I had been working for Six Capital Pte Ltd for almost 2 years now, and had learnt pretty much about trading as a profession as well as a business. There is definitely more to be learnt but it is also time to step out and put all the skills together and crystallize them into action plan.
Dreams & Goals redefined - With FED INVESTMENTS PTE LTD incorporated on 11-11-11, I will need to used this coming months to build up my equity and at the same time continue to constantly perfect my trading skills. My goals is to stabilize and be able to get constant income of at least $3000 by the end of 2012 Q1.
2012 Q1 target
1. Equity >= $30K
2. Monthly income of $3000
After Q1 target is met, I shall set my next equity target higher and have a higher monthly income. With the grow in my monthly income, I will need to focus into managing my finances, i.e. reducing my debts.
2012 Q2 target
1. Equity >= $50K
2. Monthly income of $5000
3. Reduce personal debts
4. Improve / increase my Saving
Realizing my Dream - With all my goals set and put into action, the next step is to start developing my property portfolio and create another line of income through rental. Such portfolio will take many years to build, nevertheless it's better to start late than never. Here, I will just set a general timeline for myself and be as realistic as possible, kinda act more like a guideline.
1. First private property - either for rental or for my own can be decided when the time come. I'm looking at end of 2013.
2. Second and subsequent property at the end of each year thereafter. My dream is to have at least 5 private property, one for myself and the rest for rental.
