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2017 Summary

I have learned a lot this year, I know what a PE ratio is, how to buy and sell stocks and mutual funds and I even bought into a cryptocurrency.  I realized that the key was to get started.  As my favorite author, Chris Guillebeau, put it, “An ounce of action is worth a ton of planning.”

The best thing I did this year was get started.  This year I set a goal of retiring in 10 years.  At the end of this year, it seems more possible than when I began.  Some simple math gave me a number to shoot for.  I want to draw a paycheck of $100,000 per year, a good index fund will earn 8-10% annually.  So I set my withdraw rate below that at 5% to ensure the nest egg is being replenished, $2,500,000 is the number I need to quit working for other people.  I’ll share my story as the years continue and we will see if I get to rags or riches.

Here are a few numbers that recap the little more than 6 months I spent investing and studying the market:

Brokerage Account

Cash contributions: $5,398

Stocks roll over (Orginal Cost): $1,920

Realized Gains (Profits): $5,484

Unrealized Gains*: $10,693
*Included LOW which has been growing since 1999 when purchased.  The number above includes $9,445 in gains from LOW

End of Year Balance: $23,495

 

IRA (Individual Retirement Account)

Contributions: $2,030

Balance transferred in: $13,203

Unrealized Gains: $1,256

Total increase: $3,286

End of Year Balance: $16,490

 

Cryptocurrencies

Cash put in: $543
I am not including any gains since I have no option to withdraw right now.  The R2-B website lists my investment as worth significantly more than I put in but since I can’t withdraw it I don’t consider it real yet.

 

TOTAL CASH INPUT FROM 2017 & ALL PREVIOUS YEARS: $25,014

TOTAL GAINS FROM MARKET, PREVIOUS YEARS INCLUDED: $15,514

TOTAL ACCOUNTS VALUE AT END OF YEAR: $40,528

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