In the earlier post I discussed about the goals that I have for my dividend portfolio. In order to achieve that goal, I have come up with few guiding principles and framework that I follow and strictly abide by. While I have been dabbling with investing for sometime now, I always had certain criteria at the back of my mind. I never had it formalized and documented resulting in lack of investing discipline. In this post I am presenting (and hence formalizing) the guiding principles and framework that I use to construct and sustain my income portfolio. I came up with these rules after quite a bit of reading on personal finance and understanding the implications on my financial goals. These are the rules that I use for managing my income portfolio. Continue reading rest of this article…
My Secret Asset for Building Wealth
Year 1997, I was freshly minted engineering graduate, secured well paid job in my first month of final year, and thinking I was smarter than the rest. My final year was what we call “bindass, with damn care attitude”. I was young, naïve, and believed being above few hundred odds in my class is being equal to best. Reflecting back, I couldn’t have been more wrong.
This continued in my early years of investing which can be characterized as impatience, that extra energy to do something, and continuous urge to make an immediate impact or getting results. Like everybody else, I wanted to earn quick bucks and what better way than investing (or trading?) in stock market. You see, I was under the impression that making those few hundreds (or thousands) in small trades and repeating that often will increase my wealth. In other words, it will make me rich. How can that be wrong? After all, I am increasing my cash flow with small profits, isn’t it? Again, I couldn’t have been more wrong. Continue reading rest of this article…