Welcome to my One Million Journey – Introduction
Hey there! Thank you for stopping by my first post never ever written by me. This blog is all about my journey towards archiving a one million euros investment portfolio. I will post monthly reports that will get into the numbers, but I would like to focus this post on briefly summarizing my portfolio.
At the time of writing, my portfolio sizes 145.299€. Assuming that I archive a compounded annual return of 10% and none of my current investments fails, I will archive my goal in 20 years by the age of 53, that’s a long journey but I will try to do better than that!
As I am not a professional investor, I try to diversify my investments into different allocations to minimize risks and reduce volatility. However, I must confess that I took
- Stocks: 10.5%
- Bonds: 10.5%
- Real Estate: 10%
- P2P Lending: 14%
- Currency exchange: 55%
As you will see Currency Exchange or Forex is taking a big stake. The returns have been outstanding (7.6% average monthly returns), so I decided to deposit extra money to improve my cash flow, and afterwards, spread the returns over other allocations. All good until the broker announced that the bank, where the customers’ money was kept, had been taken by the financial authorities, due to likely to fail. Investors monies have been blocked and withdrawals are not allowed. I will write further about this, so you don’t make the mistakes I did (and a huge ones!)
Portfolio diversification by platforms
I use several platforms or financial services to spread the money across the allocations mentioned above.
Stocks & Bonds
That is the general overview of how my portfolio looks at the begining of documenting my journey. Visit this page to read more about me and the purposes of this blog. Don’t forget to subscribe for future updates. Will I succed or fail? Only time will tell, but one thing is certain:
The wisdom accumulated along the way will be priceless, and that is already a victory.
MY PROGRESS TOWARDS ONE MILLION
THE DONATION MILESTONE
Warren Buffet's rule number one: Don't lose your money.
The best crowdinvesting advice in town: ⏬⏬
Don't lose your capital!
Even with a 18% return it won't be enough if you'll lose all of your capital within the next four years.
So, when you invest, think not the short term, think at least 5 years ahead.
Think: "how can I lose my capital in this"
"Some people remain in poverty because they are ignorant of the fact that there's wealth for them; and these can be best taught by showing them the way to affluence in your own person and practice" - The science of getting rich, Wallace D. Wattles.
" I watched how the algorithm opened and closed trades profiting consistently (...) Little I knew at that time that this tiny little things would transform into a monstrous dangerous predator."
How I Fired 45K Up With Algotrading https://t.co/7LfpqvHTXV via @JourneyMillion