Saturday, August 31, 2013

Take Aways From "Rich Dad Poor Dad": Be Your Own Dad!

So I was conversing with a friend who had just read Robert Kiyosaki's famous book - "Rich Dad  Poor Dad" and I shared my two cent dividend on Robert's book with him. 

DGI Journey: New Positions, Additions, Dividend Reinvestments And Planned Profit Taking For Building Cash

Is it time to buy yet?
I don't know...but we've had a small pullback since last week and since the high 1700s.... yes, "small" because a normal correction would be atleast 10% but what we've had so far is what? 5%? So that's more like a "pause".

Got Cash? Let's Hope For Some Market Mayham This Quarter, Huh?

So if you've got your monthly budget in place, I hope you've got a part of that budget stocking away cash into a savings account.
My financial budget requires me to have atleast six months of living expenses stashed away as cash in an emergency fund and another two to three months of cash in my checking account for occasional one time expenses (such as lump sum insurance payments, an unexpected expensive car maintenance service, charity, gifts, living expenses etc). When you have a family, you want to be prepared.

Transitioning To A Long Term Dividend Growth Reinvestment Model

I started transitioning my investing strategy from a "buy stocks that look good" to a Dividend Growth model over the last year. This meant that I would plan to sell most off my existing positions while keeping a few that stuck to my dividend growth reinvestment model and then start new positions to reach my goal of creating a self sustaining Dividend Growth portfolio.

Personal Finance Manifesto - As You Invest, So Shall You Reap

As this is my first post, this will primarily be an introduction to my personal financial habits and investing influences. The intention of this blog is to document my investing experiences, thoughts and share them with the community, learn from them and engage in profitable discussions.