Karen's Page

to really be comfortable at least 1.3 mill to 15 mill taking a conservative interest return of say 4-5 % will give a reasonable income

Oh, that's total bad luck for me on FX. I already figure out NZ$ will fall but just have not got out in time, that's why I'm tied up in NZ$, so I pledged it against E$ to get a higher interest rate, just see how it goes, I'm still losing if I calculated it against US$, however, if I just treat it as NZ$, I'm still gaining. So I just pledged it against E$ again (not 8%, but over 11%, sometimes up to 15% per week). As I stay home and trade on internet, it's quite interesting and I can still have my time in the garden, cooking as well, I can even afford to go overseas!!! Just don't treat gain and loss too seriously and enjoy the beautiful life!

Great Goal Karen

The question I would ask is does it make you feel slightly uncomfortable, if not maybe set it higher :-)

Why not have a $200,000 portfolio with only $100,000 in borrowings

My current goals

Have a net worth of 3.5M by the time I am 55

Trading a 1M portfolio by the time I am 55

maintain my loan to valu ratio below 50%

Generate a minimum of 40% per annum in the share market with no more than a 18% drawdown

Mentor at least 10 people per year in the process of generating wealth

Hi Karen, thank you so much for your kind words - yes it does hurt, one learns the hard way! That is mainly the reason that that I'm looking for
something to do from home. I have been looking but there are many thousands of scams out there, it's scary. I don't want to be involved in Internet marketing or Multi Level Marketing (MLM) but something I could do
on the Internet from home. Once again many thanks.

Hi Karen
well i remember talking to financial planners some time ago , the answer is if you want to have say 50,000 income what is needed is approx1.300,000 yes 1.3 million well that is in the bank so thats what is needed in assets ,income producing assets with a conservative return of between 5 to 7 % And i am getting there and now if the share market could start back up again that would be great , what else would you like to know

Hi Karen
A bit too far off i'm afraid.

Hi Karen,
Thanks for your comment.
It's hard to work on it (God knows what it takes to be motivated on day-to-day basis) but it's harder to do nothing.
Learning is not always easy, and it's even harder to un-learn what we already know.
All the best with our goals!! :)

Great goal well done

The next question that comes to mind is what do you intend to achieve with this new found knowledge :-)

I am even cuter then that now :-)

Thank you

I am working very hard at generating the required luck to achieve my goal :-)

Your confession is in part due to the education system, which was designed by large corporations, making money mgmt a taboo subject.

This way they can keep the masses as a captive work force:-)

You can change that now, if you choose.

BTW I noticed you have not listed a goal.