As I wrote in my previous post, I’ve decided to invest 33% of my income instead of 10% to reach my long term goal of $1 000 000 in equity. I changed it from 10% to 33% since I do not need more than 67% to pay for my mortgage and living expenses.
My first investment (10 000 NOK = 1 200 USD) was in the Corporate Bond Fund called Deutsche Invest I Eu Hi Yld Corp LC. When I recently transferred new funds to my online broker, I adjusted the amount for both April and May to reflect 33% of my income instead of 10%. I transferred a total of 31 564 NOK (3 670 USD).
I’ve decided to invest the newly deposited money in the same Corporate Bond Fund with ISIN number: LU0616839501.
My investments so far
|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|
I’m down 64 NOK (approx $7) since I started investing in the fund. There are no transaction fees for Corporate Bond Funds at my broker, which means the fund is slightly down. I’m expecting an ROI of 10% yearly, let’s see what happens in the coming months.
I’m not near my end goal yet, might take some years (20…), but I’m certain I’ll get there. And when I’m focusing on increasing my income as well, it can only go one way, right!? UP!
Also read: Invest, Trade or Create? What Gives You the Greatest Return?