Profit and Loss YTD


Here is my first post of my year to date (YTD) trades, these trades are only for short term gain. I am trying to build more capital, so I can allocate it to my long term portfolio.  Will share with you guys how I transaction these trades in another post.

PL Statement

Question, comment, or share a link of your trades.

Let’s learn and grow together.

Set it & Forget It

Do you remember this guy, who sold this machine with the slogan “Set It and Forget It!” This infomercial gave me a valuable life lesson about investing for the long term.

If this sounds too simple, then I have done my job. Selecting a dividend stocks isn’t hard, it just the information age had made thinks more complicated than it has to be. Trust me; I have researched my butt off in college trying to find the answer about picking winning stocks. One advice from successful investors was it takes time to build wealth, so learn to be patience. I decided to write a blog while I let my dividend stock reinvest itself.

  1. (Set It) Buy a company that you understand – Most of my friends lost money in the stock market because they didn’t understand the companies they were buying. Here is a simple question to ask yourself: —-What do they do?—- If you can’t explain it don’t buy it.

Continue reading Set it & Forget It

Leaving the phone in the living room?

Hello friends,

We came upon an interesting topic in which we believe is an epidemic among our generation. Cell phones and tablets are the lifeline to our daily habit and compulsive need to stay up-to-date with the latest style, news, and social media. The constant fiend for more information has placed all of us victim to late nights reading on the latest story development on a celebrity scandal.

Credit goes to the owner.

Continue reading Leaving the phone in the living room?

Fidelity budgeting advice, Good or bad?

As I was reading this article, in the back of my mind, I’m asking myself  is this some stereotypical advice some guy in a fancy suit and tie wrote up? Or is this to make the consumer feel even more paranoid that they are not saving enough for retirement.

The article does give a good rule of thumb on the fundamental of budgeting your income so you don’t end up working until you are 100 years old, but I can’t help shake the feeling that this isn’t enough. A summary below.

Fidelity 50/15/5 Budgeting

50% – Essential Expenses; rent, car, food, health, gas, cell phone bills, student loans, and others.

15% – Retirement Savings; 401k plans with company

5% – Short-term savings;  building an emergency fund & One time expenses ( new cell phone, car repair, new work attire, etc. )

I believe everyone should learn how to budget and this article does a great job on giving readers a jump start on budgeting. However, every person is different so it only makes sense to create a budget that fit your circumstance.

My budgeting plan:

Budget 2013: First Job budget after graduation.

40% Essential Expense

45% Saving

15% Party essential

> i deferred my student loan because I thought I was a genius.

Budget 2016: after some real world experience with finance.

50% expenses

15% Passive investment

15% active investment

20% short term savings

> I’m still paying my student loans, but learned my return on my investment is yielding higher return than paying my student loans. Learn to do a cost analysis to see what is more beneficial to your circumstance.

Link to full article can be found here: Fidelity 50/15/5 Budget Guide

Budget that will make you Succeed

Jim Rohn, one of my favorite business philosopher and motivational speaker taught me how to build a budget for success. If you follow this rule, my brother and I guarantee you will never be the same.

70% – Learn to live within your mean with only 70% of your income. This 70% should cover all your monthly expenses; housing, food, entertainment, insurance, clothing, etc. Also, this personally have made me more mindful about how I spend my money. For the 1st two years after I graduated college, I found that I spent 40% of my monthly budget at the bars and restaurants. Now, I spend less than 20% but the key here is I had a measurable metric to use to guide me. Therefore, everyone should budget-budget-budget.

10% goes to passive investing. Passive investing will be anything that you don’t have to be active in- stocks, mutual funds, etc. You can’t go wrong with low cost index funds from Vanguard, they are known for their passive management style. I personally buy Value Company with a mindset of holding them for 10+ years, I will share my value buying strategy in another post.

Continue reading Budget that will make you Succeed

Traveling and Saving Money

I just got done reading a great article by Casey Bond, a contributor of financial article to Forbes. Check it out here: Below is quick summary of the article:

There is a misconception that millennial who travels neglect their priority with retirement saving, because they would rather experience more things than have a big nest egg for retirement.

Below is a chart that shows the benefit of saving early:



However, there are numerous strategies for millennials to travel and save money for retirement. Here are some strategies:

Continue reading Traveling and Saving Money

Following the Leader

Following the Leader!

Hello All,

Today you are in for a treat, I will tell you about a trade I did in 2015 that led to a 50% loss of my principal investment.

First, the company I bought was an oil company called “Chesapeake Energy Corporation, ticker (CHK)”. I heard about this company from a new article referencing Carl Icahn, a legendary investor, so I thought it could be a long term buy and hold. However, 3-4 months later this stock took a huge dip to 7 dollars from an acquisition price of $14. Another factor was oil price was plummeting due to an oversupply market. I held on to the shares 2 more months hoping it will go back, and like any bad emotional decision in my life there weren’t any sign of it going back up; I just wanted to break even. After several days of contemplating, if I hold onto the shares hoping it will go back up then I will miss other opportunity that offer a higher percentage of return.

Top 3 Mistakes:

Continue reading Following the Leader

Budget easy to start, hard to follow!

The idea behind a budget is to give you a sense of where your money is going, and over time you will refine and know exactly where all your money is going.

“Rome wasn’t built in a day”, what make you think you can create a budget and stick to it in less than one month.

If you want to read a story see below, if you are similar to me and want to get straight to the point go the summary:

Many of my friends have failed at budgeting their money including me, because the process is so hard. You have to track down your expenses, and then you feel bad about now meeting your budget. Why would you do something that make you feel bad about yourself?

Continue reading Budget easy to start, hard to follow!