My portfolio of invested amount went up slightly to breach the $400k mark last week when I took the opportunity to invest as STI fell. If you have read my post here, you would have realised that I need to invest $66k annually from 2010 and acheive return of 7.1% compounded yield before I can reach $1M in 2015.
This means that I need to invest another $10k more to reach my target this year.
Is that possible? I am not sure. Markets are volatile and the economic cycle seems shorter and shorter. My masters programme seems painfully slow to complete and I am literally struggling with my 14 hour job daily (including weekends).
I have switched to a new role (downgraded actually) in my company which means I have to be monitored closely. I hate that kind of feeling of being watched and assessed by goondos. This means that I am likely to tender my resignation and go into full time studies at the end of this year.
Where can I get $66k to invest if I have to be out of job for 6 months? Classmates will shun me too!! haha.. especially the girls!!
The only consolation I have is that my dividends of at least 5% per year will provide me with $20k of pocket money (annually) if I am out of job. (actually slightly more lah!)
That said, I think with prudent money management, having $400,000 of investment funds right now is a nice moment to savour. Although I hope I can breach the $0.5M mark soon, but I do hope the trade offs that comes along are not high...
Thanks for reading this blog and saving it at your favourites. Many people have followed my investment journey... MW, LP, WJ, JW, Marvin, Drizzit, Panzer, ghchua and many more.. I hope you guys will be around, young and fit when I write my $1M post!! :)
