The new trading hour is effective today for the first Monday of 2012. Today we built up our cash flow to P73,935.43. Which is P6,161.29 per month in passive income.
At this point, we need only a few addition to our fund and we'll be able to reach our target P9,000 as my first salary in my first job.
I think I'm starting to think differently now. I'm starting to think in terms of cash flow and not in terms of capital gains. So, I tend to look for real strong companies will lesser risk than thinking about if this company will revolutionize the world. I want to build my cash flow at this point, get enough cash flow so I can re-invest it to buy more shares of more income producing stocks. If I have excess money to that point, I shall risk in capital gains. But for now, lets focus on income.
I also start to think in terms of "How can I earn more money so I can invest in stocks and produce more money?". Because of that, I've been looking on some seminars that may improve my capabilities to earn more. And thinking about it all day makes me hungry. But fun though. The thought of not working and earning and the journey of building wealth is really fun.
My Foreign Stock Brokerage Account
My foreign stock will be postponed for now. Because the broker has a security feature where they will send you a card that you will use to login to their system, they secured my account of only allowing people with this card. And this card is currently flying around on the other parts of the world to be delivered to my doorstep. Until I receive this card, I won't be able to invest in foreign markets, so all funds for now will be Philippine stocks.
Annual Cash Flow: P73,935.43
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