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Abstract

tal fund in investment now is a good $193k. Still have a decent chance to achieve$ 500k in 3 years.I was gunning for $5k monthly but it is a stretch, perhaps due to my low funds. During this year, I went through 2 corrections that caused my holdings to suffer huge portfolio drops of 50% in April and in December 30%. Between these two months, the volatility is a roller-coaster ride.After one year, my annual return is about 16% ROC. I sure hope it can be better next year. Most importantly, capital preservation is my priority.I realized some stock loss of about$ 15k from some dividend stocks I bought in 2020 – the stocks were going nowhere after dropping by 70%. Decided to realize my losses in parts over several years, hopefully, their share price will recover over these few years. My dividend stocks were bought on impulse around COVID period and were not performing well. Hence I will be looking to sell them away as soon as possible and look for better dividend stocks.If not for those 2020 capital losses, perhaps my income would look a bit better. However, all is good and I am thankful for the opportunity to embark on this journey.I am not a stock picker. I research on good stocks to trade in, do some simple technical analysis and basically learn from my failures. I discover new trades or stocks through videos and news as first cut before I filter down to the ones I feel comfortable to put money in.In the long run, equity markets always go up, and that is what I tell myself not to let the market corrections in-between stop what I am doing.<figure id="c03e"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*[email protected]"><figcaption>Photo by <a href="https://www.pexels.com/@alesiakozik?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels">Alesia Kozik</a> from <a href="https://www.pexels.com/photo/black-and-silver-laptop-with-stock-market-display-on-screen-6770609/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels">Pexels</a></figcaption></figure><blockquote id="4036">As they say, the stock market is the transfer of money from the patient to the impatient.</blockquote>That is the reason why this will work for me – patience, I can work on.Deciding to invest myself in knowledge was one of the best d

Options

ecisions for the year, I managed to read several books in 2020 which have shaped my views on personal finance, self-care and life values. These concepts motivated me to stay on track and stay sane amidst the pandemic.<figure id="3b4c"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*mA8FCvsvZkirTOsK-bqHrg.jpeg"><figcaption>Photo by <a href="https://www.pexels.com/@samson-katt?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels">Samson Katt</a> from <a href="https://www.pexels.com/photo/dog-wearing-black-framed-eyeglasses-5255248/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels">Pexels</a></figcaption></figure>So many of my well-intentioned friends have tried to give me their good advice and bad experience with the equities market and told me I cannot hope to make this a reality. But I do want to give it a try as being able to work at my own pace and freedom is everything I want for in a life. If I have to fail at this, I need to fail at it myself to be convinced. My ‘previous’ life has been toxic and controlled. This life can let me breathe and feel life is worth living again, definitely worth a shot.In a weird sort of way, I am taking on this journey like I am embarking on a new business. Like a start-up, I need commitment and believe in myself that this works, nobody in my cirlce thinks this is a ‘safe’ and ‘possible’ plan.Along this path, I also hope to connect with like-minded folks on the same path as me or find a community to journey together. My previous life has attracted negative and toxic people and I hope to change all of that from now on.Being back in control of my finances and my time has put everything into perspective for me, I have started to think beyond my tiny box of entrepreneurship and see the world for how beautiful and free it is.<figure id="e521"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*[email protected]"><figcaption>Photo by <a href="https://www.pexels.com/@ninauhlikova?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels">Nina Uhlíková</a> from <a href="https://www.pexels.com/photo/person-standing-on-hand-rails-with-arms-wide-open-facing-the-mountains-and-clouds-725255/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels">Pexels</a></figcaption></figure></article></body>

How I earn $2.6k monthly in 2021

I am sure there are many others who have done better for themselves in 2021. This is just my side of the story as I break down what my objective and thoughts are after nearly a year of trading.

To be honest, I expected to do better than this for 2021. But this is a good start on my journey to 1M50. The income was derived mainly from options, with the remaining coming in from dividends and stock plays.

I did inject funds to my portfolio whenever I managed to scrape together some. However, I am almost out of areas where I stashed money. I am pleasantly surprised how much I can scramble by selling off old stuff, closing off old fund accounts (which I was sucked into in my younger days). In all, I probably managed to scrap about $30k-$40k in total. Consolidation of money and pooling them together gave me renewed confidence and commitment to make this work.

There is nothing more counter-productive than trying to make a living from trading and running out of funds due to locking them up in silly commitments and expenses.

I was not that meticulous in tracking all the numbers in 2021. After all, you cannot manage what you have not measured. I do have to manage expenses, inventories, sales and profits. I need to forecast and plan for contingencies. For now, I am almost treating it like I am boot-strapping it. It will probably be many. years down the road before I can be profitable consistently.

Moving forward, I may have to track the funds and cash flow better so the progress tracking is more meaningful.

My Original 2021 Target:

Grow 1M50 delta to $50k
Grow 1M50 alpha to $150k

My achievements for the Year ending 2021:

$33k for 1M50 delta (dividend)
$160k for 1M50 alpha (trading)

Total fund in investment now is a good $193k. Still have a decent chance to achieve $500k in 3 years.

I was gunning for $5k monthly but it is a stretch, perhaps due to my low funds. During this year, I went through 2 corrections that caused my holdings to suffer huge portfolio drops of 50% in April and in December 30%. Between these two months, the volatility is a roller-coaster ride.

After one year, my annual return is about 16% ROC. I sure hope it can be better next year. Most importantly, capital preservation is my priority.

I realized some stock loss of about $15k from some dividend stocks I bought in 2020 – the stocks were going nowhere after dropping by 70%. Decided to realize my losses in parts over several years, hopefully, their share price will recover over these few years. My dividend stocks were bought on impulse around COVID period and were not performing well. Hence I will be looking to sell them away as soon as possible and look for better dividend stocks.

If not for those 2020 capital losses, perhaps my income would look a bit better. However, all is good and I am thankful for the opportunity to embark on this journey.

I am not a stock picker. I research on good stocks to trade in, do some simple technical analysis and basically learn from my failures. I discover new trades or stocks through videos and news as first cut before I filter down to the ones I feel comfortable to put money in.

In the long run, equity markets always go up, and that is what I tell myself not to let the market corrections in-between stop what I am doing.

As they say, the stock market is the transfer of money from the patient to the impatient.

That is the reason why this will work for me – patience, I can work on.

Deciding to invest myself in knowledge was one of the best decisions for the year, I managed to read several books in 2020 which have shaped my views on personal finance, self-care and life values. These concepts motivated me to stay on track and stay sane amidst the pandemic.

So many of my well-intentioned friends have tried to give me their good advice and bad experience with the equities market and told me I cannot hope to make this a reality. But I do want to give it a try as being able to work at my own pace and freedom is everything I want for in a life. If I have to fail at this, I need to fail at it myself to be convinced. My ‘previous’ life has been toxic and controlled. This life can let me breathe and feel life is worth living again, definitely worth a shot.

In a weird sort of way, I am taking on this journey like I am embarking on a new business. Like a start-up, I need commitment and believe in myself that this works, nobody in my cirlce thinks this is a ‘safe’ and ‘possible’ plan.

Along this path, I also hope to connect with like-minded folks on the same path as me or find a community to journey together. My previous life has attracted negative and toxic people and I hope to change all of that from now on.

Being back in control of my finances and my time has put everything into perspective for me, I have started to think beyond my tiny box of entrepreneurship and see the world for how beautiful and free it is.