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On my way to $1 000 000

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On my way to $1 000 000

Introduction

This article was posted on Tuesday, 19:11, UTC.

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.

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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.

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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?

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Jonas Borchgrevink

Jonas Borchgrevink

Founder of Hacked.com and CryptoCoinsNews

Comments
  • user

    AUTHOR Camerpl79

    Posted on 8:55 pm May 9, 2017.

    I appreciate your sharing your goals & the path to reach your goals. I’m going to Dollar cost average with Bitcoin & Ripple for a period of 1 year.

    I’m also lending Bitcoin @ a reasonable rate (only issue are the occasional chargebacks).

    • user

      AUTHOR jedadoo

      Posted on 9:00 pm May 9, 2017.

      Where/how do you lend bitcoin? What happens when they lose it and dont pay it back? Are you out or is there a guarantee somewhere? I never quite understand how lending decentralized coin works.

  • View Comments (2) ...
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