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Investing 33% of my Income for June

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Investing 33% of my Income for June

Introduction

This article was posted on Monday, 18:48, UTC.

June is closing up and I’ve received the salary of May! I’m going to invest the same amount I invested in May, 20 782 NOK ($2400), and I’m adding an extra 5 000 NOK ($600) since I managed to increase my income in May.

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Also read: My Income is Rapidly Increasing due to These Measures

I’m transferring the total amount of 25 782 NOK ($3000) to the online broker platform I use in Norway. The transfer will take a few days. I will not invest in the same corporate bond fund that I already invested in twice. I have not yet decided on where I want to place the new funds, but I believe it will be in an index fund or a specific stock. I’m going to dive in and do some research, especially on the Marijuana-stock options that we have been writing about.

Also read: Last Week’s Top Cannabis Stock Winners And May’s Stocks To Watch

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If you have a specific stock, commodity, currency or index fund you think I should invest in, please add a comment below and I’ll take a look.

I have created a new group in Workplace for our members called “33% Club” where I will post new updates about my journey to $1 000 000 by investing 33% of my income. I will dare new members of the group to join investing 33% of their income, or the percentage they feel comfortable with. We will discuss investment opportunities and support each other. Join if you dare! 🙂

Current investments

Date Invested Investment in NOK Invested in Name Current Total Value in NOK Total invested Difference
27.04.2017 10 000 Corporate Bond Fund Deutsche Invest I Eu Hi Yld Corp LC 10 072 10 000 +72
09.05.2017 31 564 Corporate Bond Fund Deutsche Invest I Eu Hi Yld Corp LC 41 504 41 564 -64
Transferred 25 782 67 286 67 343 -153
Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Jonas Borchgrevink

Jonas Borchgrevink

Founder of Hacked.com and CryptoCoinsNews

Comments
  • user

    AUTHOR parmmd

    Posted on 6:53 pm May 29, 2017.

    whats a good corporate bond fund in US to invest. can you buy NOK in us?

    • user

      AUTHOR Jonas Borchgrevink

      Posted on 7:10 pm May 29, 2017.

      Hello, I chose Deutsche Invest I Eu Hi Yld Corp LC which can be invested in from the US as well. NOK is Norwegian Krona (Norway’s currency). If you want to buy NOK I’m sure you can do that as well in the US. Did that answer your question?

  • user

    AUTHOR jolly648

    Posted on 7:25 pm May 29, 2017.

    Since you talked about Marijuana Stocks and I have two stocks that I think will grow big in the next one year, Aphira and Aurora Cannabis. Would love your thoughts

  • user

    AUTHOR badjava

    Posted on 7:27 pm May 29, 2017.

    As a Canadian, I use a mixture of index funds based on risk tolerance (varies for different accounts) which is derived heavily on the “Canadian Couch Potato” portfolios. I buy monthly using TD e-series funds and then shift them annually into ETFs balancing at the same time and minimizing trading fees.

  • user

    AUTHOR johnathankelly

    Posted on 8:36 pm June 4, 2017.

    I would suggest creating a dividend ladder. This is where you have dividend stocks that pay out in Jan, Feb, and Mar and then repeats for the rest of the year. For example, Phillip Morris pays in Jan, AT&T pays in Feb, and Chevron pays in March. Phillip Morris pays $1.04; AT&T pays $.49; and Chevron pays $1.08. Stick to Dividend Aristocrats, dividend stocks that have paid out for more than 25 years and invested their dividend every year.

    With the marijuana stocks, I would suggest Terra Tech (TRTC) and Canopy Growth (TWMJF) [US tickers]. You can research for yourself but I have been following them since 2014 and they have performed well for me. The ones mentioned by jolly648 are also good companies.

    • user

      AUTHOR johnathankelly

      Posted on 8:38 pm June 4, 2017.

      Correction: I meant “dividend stocks that have paid out for more than 25 years and increased their dividend every year.”

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