$10,000 dollars gains in investment is possible

 August 29, 2020

Introduction

It is possible to reach $10,000 dollars gains in stock market investment return. I do not learn how to invest passively from 1999 to 2001, and then 2007. I left all my IRA and 401 K in money market fund from 2010 to 2019, with less than 1.5% annual return with over $26,000 dollars investment called 401 K or IRA. Now my goal is to reach first $10,000 dollars gains as an active investor after market crash in March 2020. 

Quick to rich is impossible

I thought about so many mistakes I have made as I started to learn and invest on stocks by myself this March 27, 2020. 

I learned from OVV.TO stocks, I only purchased 200 shares on March 27, 2020 and then struggled on my hay fever, and then worked full time, and OVV just went up 300% in less than two months. I learned the power of stock market. 

I thought that stock investment should not be that difficult. I invested $13,000 US dollars on June 5, 2020, and then took the loss of $3000 dollars, and understood that market is so volatile. 

I thought about why I could not purchase $100,000 dollars on OVV stock on March 27, 2020. I worried about so many things, my job, my further loss of capital of investment, and my hay fever; I was lucky to learn that $4000 to $5000 rebound is so quick and easy, it is better for me to take some risk to play some stocks. Those OVV.TO stock lost 90% of value, it is ok if I lose all those 200 shares of investment, less than $700 dollars. 

$10,000 dollars gains

I have to push myself to work on $10,000 dollars gains first. Now I have $800 dollars gains on Ameritrade.com retirement account, $5,500 dollars gains on TFSA account. 

I have to figure out how to make another $3700 dollars gains in next two months. 

I like to build wealth step by step. First I should learn how to build wealth the first $10,000 dollars on stock market first. 

Business plan for my USA IRA portfolio Corona

April 12, 2020

Introduction

I chose to be a passive investor, long term investor. And I tried to simplify my investment plan, only invest three ETFs with balanced portfolio for my USA IRA account. But I changed the mind and built up Corona portfolio. I need to catch up and write a business plan for this near $1500 US dollar portfolio.

Business plan

I like to write down the business plan, what rules should I follow as a long term investor. What should I work on in order to make this investment great experience.

I will add more detail later.

Here is the blog about my purchase.
Here is the link to access my purchase of Ford and GE stocks.

I set up jstock portfolio on my mobile phone.

Actionable Items

April 14, 2020

I have to write down why business plan is so important for me as a long term investor. After my careful study of my 2001 stock purchase, I purchased 10 share with $66/ share exactly on Sept. 11, 2001. If I hold the stocks, from 2010 to 2019, those 10 shares will be 10 times more. The market value will be at least $6600 dollars. I asked myself what is going on with me as an investor.

I do believe that around 2005 Amtrust offered 5.0% interest, after 4 years or so, I decided to sell MSFT stocks and then moved the fund to Amtrust 5.0% interest CD. I am not so sure, since I did not write down any business plan for my 2001 stock purchase. I did not save all brokage firm statements.

As a 53 year old, I like to challenge myself to think myself as a business, a public company, I like to brand myself, think logically and sounding reasoning. Do not do too much trades, just work on one by one carefully. Write business plans and share with others.

Make millions as an investor

Feb. 24, 2020

Introduction

I like to write a short research topic called how to make millions as an investor. Now it is 12:45 AM, I had two hour nap from 7:30 PM - 9:30 PM, and I need to go back to sleep in 10 minutes.

Make millions as an investor

I did case study on my mistake on investment on VIGRX from 2001 to 2002. I made a series of mistakes on other stocks like MSFT, Oracle and Intel as well, and other funds.

I like to read as many topics I can, learn how to make millions as an investor, if market goes up or down for a few cycles, next five or six years, before I turn 60 yrs old.

I like to live a frugal life. I drove 2001 Honda accord, less than 5000 KM a year. I do not spend money on clothes any more. I do not take vacation.

Recently I came cross the return of top 10 stocks from 2009 to 2019, those stocks are called 10-bagger stock to 60-bagger stock. I was so surprised that I do not hold any thing on stock market from 2010 to 2019. I did purchase a lot of technology stock just after 2001 Sept. 11 event. Here is the folder on github.com.

Actionable Items

I like to work on a case study, how Amtrust interest with over 5%, so I gave up my portfolio and moved my IRA to Amtrust bank IRA CD.

Also I did not study how to invest from 2001 to 2019, over 18 years.

Be your own sugar daddy

Feb. 19, 2020

Introduction

US open champion Stephens Sloan posted on Instagram on Feb. 19, 2020 wearing t-shirt "Be your own sugar daddy". I like to work on a short research how I can be my own sugar daddy in 2020.

My own sugar daddy

How should I think about this statement?

I still remembered that I made mistakes back in 2009, I wasted time and was a victim of wishful thinking. I should have invested time to learn personal finance, and economy, recession and how to build wealth.

If I work hard back in 2009, then I will stay put and leave my par 401 K and IRA portfolio staying with Scottrade.com. I should have grown those $26,000 dollars with S & P 500 index.

Continue

Feb. 23, 2020 11:48 PM
I like to continue to work on this topic. I made so many mistakes in my investment starting from 2001. The first one related to VIGRX costed me over $10,000 dollars. I shared my mistake on wechat group recently.

Here is my post.

So you want to be a 401(k) millionaire? Here's how to do it, according to Fidelity

August 30, 2018


Here is the link.

Values are rising
Retirement funds (year-over-year)

• Average 401(k): $104,000 (up 6%)
• Average IRA: $106,900 (up 9%)

What's in your 401(K)? Vanguard, average retirement account
Ages 65+

• Average: $209,984
• Median: $64,811

1:57
157,000 people are super saver, based on Fidelity, with over a  million dollar

Tip #1
Be aggressive

• Invest heavily in equities
• Be heavier equities when younger, roll out over time
• Gauge age and risk tolerance

Tip #2  (3:22/ 6:04)
Know your end goal

• Always take a longer-term view
• Have an eye on growth
• Don't react to market swings

Tip #3

Examine allocations

• At minimum once a year
• Quarterly when near retirement
• Re-examine when life changes take place

Jeanne Thompson - Fidelity

Target fund - when you are 50, still 10 year to retire, 85% equities, 15% bond

Marathon, a sprint,

60% market,

Allocation once a year. Asset class

Less than 1% - move to cash, but most of them stay on the course

Those over 10 years,
$73,000 -> $200,000 approach $300,000

Do not react too quickly.

Actionable Items

I like to evaluate myself based on my USA 401 K and IRA, my return from 2009 to 2020 is less than 2% annual return. All of those mistakes can be traced back in 2001, I sold VIGRX in 2001 with 30% loss; I did not learn that I have to read at least one investment book related to growth fund, and understand the concepts like index fund return. Later in 2009, since my Canada immigration application was denied in December 2008, I sold all equities in my 401 K and also IRA. I made mistake to move to IRA CD with Amtrust bank.

I got depressed in 2009 since I learned that I may be worth nothing from 1996 to 2009, the home  I purchased does not worth too much, I had 10 year old paid SUV but gas price was $5.00/ gallon, and I had less than $28,000 dollar US retirement fund, and the bank gave me $65,000 home equity line starting from 2006.

I have to examine how to stay healthy, wealthy; Never purchase any brand new car, only gas-efficient car instead.

A key financial habit that can make you rich

Here is the article.

Many investors could be scared of market volatility right now. But those that allow the fear to keep them from investing or to force them out of the market are making a mistake. If you wait and miss the rebound, you’re like to miss out on a lot of gains. And in any kind of market, said Burt Malkiel, the famous economist, the move that gives you the best odds of getting rich is the most basic: Start investing.


- be scared of market volatility - why? I was scared in 2001 to sell VIGRX fund, and sell 401 K and IRA fund in 2009
- keep them from investing or force them out of the market - making a mistake
- wait and miss the rebound, miss out on a lot of gains
- Burt Malkiel - who is the economist?

Investors are prone to be either fearful or overconfident. History shows they buy and sell at almost exactly the wrong times: That’s why, over the past 30 years, equity fund investors have made less than 4 percent annually in the market, compared with an 11 percent return for the S&P 500, according to Boston-based research firm DALBAR.

If you adopt investing as a habit — small sums regularly over time — you’re more likely to be able to stick to it. “Maybe this is the corollary to the main point,” said Malkiel. “You’ve got to have the guts to continue this when things are bad. Anyone who lived through 2008 knows that isn’t so easy.”

In fact, according to the same DALBAR study, in October 2008, equity investors lost 24.21 percent compared to an S&P loss of 16.80 percent for a net underperformance of 7.41 percentage points.

“You do it regularly because if you stop when the market is down, you lose all the advantages of doing it,” Malkiel said.

10 reasons I failed to start my personal finance research

January 25, 2020

Introduction

It is my personal finance research. I like to figure out what are 10 reasons I failed to work on my US 401 K and IRA from 2010 to 2019, I did not start my personal finance research until Nov. 2019.

10 reasons

I like to write down 10 reasons and also push myself to learn more about personal finance, and build a community around myself to build wealth and grow rich.

1. First, from 1999 to 2009, I did not spend over 100 hours to study personal finance, investment; I never review my credit card statements, learned how to use Excel sheet to calculate my expense. My foundation of business analysis was too weak;

2. I made mistakes in investment. I sold VIGRX in 2001 to have 30% loss; I did not learn anything until 2009 I sold everything in stock market in 15 years low; What I did was to ignore the need to learn how capitalism works;

3. My christian belief, and my church activities, I did not push myself to learn basic skills how to do book keeping, and invest time to read investment books at all. My attitude to build wealth and become rich is wrong, I still was in hope to get back to high paid software engineer job;

4. I was under stress from 2010 to 2019. I got addicted to have road trip to USA to do cloth shopping;

5. I spend a few years to play tennis and tried to lose weight. I did that from 2012 to 2018.

6. I worked on Leetcode from 2015 to 2019, and worked on my coding blog;

7. Whatever I do, I should always keep study how to build wealth and grow rich every year;

8. I spent over three years to learn how to file Canada immigration application for my nephew from 2016 to 2019. I should always put my own goal first;

9. I always think about being nice and also practice my Christian belief; My mindset is to live a life from a paycheck to a paycheck.

10. I do not learn and spend time to watch youtube.com video, instead of watching Netflix for entertainment.

Overall, I dot not push myself to advance myself in terms of reading skills, and other challenging activities like contests, and other activities like blogging.

My retirement life will be super challenging

January 15, 2020

Introduction

It is my personal finance research. I like to write a blog called "My retirement life will be super challenging".

My 401 K and IRA / Risk management

I just had 53 year old birthday in Oct. 2019. I also learned that I had economics behavior problems. I did not spend time to learn how to invest from 1996 to 2018 December, so I left my USA 401 K and IRA accounts no change from 2010 April to 2019 April, capital preservation for Par tech 401 K and IRA CD in Amtrust bank. I will definitely take the consequence, and I will definitely have very challenging life after I retire in Canada.

I was smart to invest my own 401 K for three jobs as a software engineer from 1999 to 2001, Online gaming system, Trendium inc, and then from 2006 to 2007 Par tech inc. I invested IRA one year in 2005 as well. So I invested over $22,000 US dollars.

If I did not close all my funds and then put into IRA CD from 2006 to 2009, my retirement fund will grow with US S & P 500 Index, those over 10 years will create more than three times more market change, over $66,000 US dollars. I just could not believe that my huge mistake and I have common mistakes called recency bias, and paralysis by analysis.

But I got lost in my busy life to learn how to handle my money properly. I did not spend time to learn until I felt depressed in November 2018. Since I could not solve my own housing problem in Canada, I only could save a down payment less than 20% after I worked 10 years full time.

I have to figure out how to catch up, and push myself to learn as a self-learner.

Actionable Item

I learned from MIT open course Andrew Lo, finance introduction, time and risk management are two things to make finance really hard. I messed up two things, one is 20 years time, one is risk management from 1999 to 2019. What should I do next?

I have $9000 Canadian dollar RRSP, and less than $30,000 US dollar IRA and 401 K. I had 53 years old birthday in Oct. 2019. How can I make a living to use those small amount retirement fund?

Make sure that I will work on something meaningful, help myself and also share my struggle and hard work journey as well. I may need to work on research about social service, social housing, and gain more skills like living in rural area and small cities.

How many mistakes I made as an investor from 1999 to 2019?

January 12, 2020

Introduction

It is so important for me to continue to learn how to invest. I like to find out that how many mistakes I have made from 1999 to 2019. I can quickly name a few right now, but I like to get a complete list.

Mistakes I have made

I like to name the most biggest one.

1. Time the market
2. Inflation risk
3. Buy high and sell low
4. Recency bias
5. Long term investing or gambler
6. Human nature - fear and greedy
7. Ignorance - not a learner
8. Decision making - impulsive decision making
9. Emotion not stable
10. Business mindset - work on impossible goals, Ph.D. degree, US greencard, friendship, the most important goal is to build wealth and grow rich.
11. Associate with wrong crowd

More detail

Time the market:

1. 2001 SOLD VIGRX fund - when the fund lost over $1000 dollar value from $3000 initial dollars investment.
2. 2009 Sold everything and put in Amtrust bank IRA CD

Inflation risk

There is 4% inflation risk. If I put 401 K and IRA into capital preservation fund, then I will lose 4% at least because of inflation risk.

Buy high and sell low

During times of financial stress, people lose 13 percent of their IQ points and make rash decisions, resulting in poorer decision-making, according to a study by Science magazine. It might be the reason why many people buy high while stocks are popular and prices are taking off, and sell low while they're panicking during a market downturn, instead of waiting until a stock price recovers a bit. 

Recency bias

How much passive income to help me to become a quarter millionaire?

January 5, 2019

Introduction

It is my personal finance research. I spent over 13 months to research my own personal finance data. I do own a home with market value $135,000 US dollars in Florida state, and less than $30,000 US dollars 401 and IRA account, so I also worked 10 years full time in Canada, and saved almost $80,000 dollars. I think that it is a good idea to evaluate what percentage is generated by market value profit (market change).

Why good at math is not good enough?

I worked on math education very hard from 1984 to 1988. I can do so good on real analysis and probability, statistics from 1996 to 1997. But I do not have skills to learn new area in terms of risk management, understand market risk, and control my emotions to discipline myself.

I grew up with five siblings. I grew up with so many problems to understand how a good society should work.

I do not own anything in Canada. I did not purchase any real estate from 2010 to 2019, and I did not purchase a brand new car. I purchased a used 2001 Honda accord in 2014, and I am easily to get scammed by maintaining a car.

My passive income in Canada is less than $5000 dollars, since I did not learn and also invest anything from 2010 to 2019.

But from 2010 to 2019, my Florida home has market value gain, the value is $135,000 dollars. I did study and investigate how much I spent on my rental income, and then I figured out that I did not invest those money, and ended up spending Canada income to pay repair. Here is the analysis. From 2010 to 2015, I enjoyed shopping clothes, and I did not learn how to invest in stock market.

My net income from 1996 to 2010 is around $200,000 dollars, I added all my 1040 together. I also added all my income together in Canada.

Time to Take Stock Profits? 4 Steps to Consider Now

Here is the article.

History would suggest that a pullback is highly likely because the stock market, as measured by the S&P 500 index, is up over 336% from March 2009 to late July 2017 (19% annualized). It’s probably safe to assume that the stock market, which has averaged 10% per year since 1926, can’t sustain its current 19% pace forever.

Facts:

the stock market, as measured by the S&P 500 index, is up over 336% from March 2009 to late July 2017(19% annualized)

Argument:

How come I did not know at all, I did not spend time to look into S&P 500 index? 
Only thing I wondered if I should invest Amazon stock. I went to Amazon onsite in 2016 June 8. 

I chose not to study personal finance, investment, and how the capitalism works in Canada or USA from 2001 to 2018 December. 


Facts:

If these skewed figures don’t make you want to examine your portfolio further, consider that we are also in the second-longest and second-largest bull market since World War II, and we are sitting in the middle of the second most pricey market since the 1999 tech bubble (as measured by P/E ratios).

Your portfolio? What I did is to put everything to IRA CD with Amtrust bank with 1.1% interest. My Par 401 K is in money preservation. 

second-longest and second-largest bull market since World War II 
P/E ratios - second most pricey market 

Statements:

If you own a portfolio of individual stocks or stock funds, it is likely that a couple of them have been on fire since 2009. For example, Apple is up 1,294% since March 2009, and Amazon is up 1,595%. If you’ve owned these two companies, then congratulations. However, you are likely sitting heavily in these two positions now.
Facts:
Apple stock is up 1,294% since March 2009 to August 2017. 10 times more value. 
Amazon stock is up 1,595% since March 2009 to August 2017. 15 times more value. 

Notes:

• Mutual fund performance numbers were obtain from Morningstar Office
• Bull Market: prices that continue rising without being interrupted by a 20% decline
• Longest bull market, 10/1990 to 3/2000, 114 months, current bull market 101 months, no bull market has made it to its 10th year anniversary. We are at 8.4 years.
• Largest bull market, 10/1990 to 3/2000, 417%, current bull market 336%
• S&P 500 P/E at end of bull market, 3/2000: 28.9, current P/E 26.2
• S&P 500, 3/9/09 to 7/21/17, 336%

My mistake - Start too late to study Investment until 53 years old

Dec. 12, 2019

Introduction

It is my personal finance research. I started to learn how to invest from May 2019, and I have invested over hundreds of hours in my life the first time.  I like to conduct a short research to review my personal experience from 2001 to 2019. Why do I wait so long to start my research on money and investment?

Mistakes costs me thousands dollars

I can estimate that only 401 K and IRA alone costed me over $50,000 US dollars at least, since I invested into 401 K and IRA starting from 1998, and only 2010 to 2019 S & P 500 index 300% increase alone, the opportunity cost is above $60,000.

My strength and weakness 

I spent hundreds of hours to learn personal finance starting from November 2018, I chose to work on my financial problem, after six months, I started to watch how to invest videos on youtube.com. First time I spent time to watch how Warren Buffet invests and his philosophy called value investing.

I just fell in love with my new research area called investment.

2019 June - 2019 November six month baby investor

Nov. 30, 2019

Introduction

It is very stressful to stay in the stock market even though I already know all the analysis of my own portfolios, I did research based on Canada retirement guide and do believe that the research makes sense. The road to take risk is tough, one thing I can manage is to stay in the market one year and learn from one year experience.

My portfolios

I already stayed in the market over 6 months. I totally felt good last 10 years to let fund stay in bank with 1% interest or no interest, but stay in the market and go up and down, I feel stressful. It is called loss aversion.

I had painful experience in short time in 2001 and in 2009. But I did not think carefully, over 20% loss, and then put all my USA fund in IRA CD or money market fund over 10 years. Even though each year only less than 1% interest.

It is called stubborn, getting old, no more learning in my personal finance. It is hard for me to push myself to advance in my career, so I chose to work on personal finance instead. Now I feel that it is tough to live a life like staying in market.

I can push myself to stay in the market one year. I will see how many things I learn, every time I feel stressful, I will try to learn something new on personal finance.

Actionable items

Based on my experience in 2001 and 2009, I did not invest enough time to learn investment. I just did the investment and managed my 401 K and IRA. I did not fully review every year. So this bad habit of personal finance caused me struggle last 23 years in north America.

It is better for me to invest time to learn basics first. I learned how to work on algorithm and data structure last five years, I like to use those experience to work on my personal finance as well.

I love to be 53 years old

Nov. 10, 2019

Introduction

It is such a great topic called "I love to be 53 years old". I like to write down a few facts and arguments to support myself.

My experience

I am lucky to have health, a full time job with 10 years experience, and also I live in Canada. I like to work on a job not too challenging, and also I have freedom to explore so many things on the internet. I like to meet people, write coding blog, and also enjoy simple things in life without spending money. 

I added this paragraph to make my article making more sense. 

Facts

I also like to write down what I have learned through my wealth, how to grow rich; I like to write down my lessons. I have to push myself to be a learner. I also like to share with others, since I do believe that not every one is so smart and have good reading content when dealing with details. 

I turned 53 years old in Oct. 2019. Life is tough and I like the challenge. I like to be a frugal person, and also I have to work on my physical fitness, so that I can enjoy life better and stay health.

I left United States in 2010 April, but I own a condo back in the city of Boca Raton, I made the purchase back in 1999, and the price goes up value. I wrote blogs with tag called understanding my mortgage.

I also learned how to invest my USA 401 K and IRA this May, and then put into US stock market, the value goes up $1,900 US dollars starting this May. So my asset in USA is up, but less than $200,000 US dollars.

I need to work on my asset in Canada. I have not invest anything starting from 2010 to 2019. I have to push myself to be a learner, and also a problem solver. I like to learn to be a frugal person starting this May 2019.

One bedroom condo price is too high in Surrey or Colverdale, and I am thinking about moving to a small city like kamloop. But it is still too expensive with price around $150,000 old condo.

I have to learn how to grow rich and build wealth in Canada. I remembered that I brought $18,000 US dollars check when I came to Vancouver back in April 2010. I waste money in China on party with my siblings, and then wasted my saving over a year in one month vacation from 2012 to 2017, I did not learn how to invest in Canada from 2010 to 2019 May. I learn the lesson. I could not pay a down payment for a home, how come do I spend money like crazy. Emotion is so challenge for me to learn as a single person.

I am working on my Canadian portfolio called Victoria and RRSP portfolio. I have to learn how to manage the portfolio as well. Here are the blogs.

I was not a good learner from 2001 to 2019 May as an owner with 401 K and IRA in USA, I only put in the bank with minimum interest rate. I finally got the time to move those funds out of USA New York community bank. Here are blogs related to my IRA CD.

I am a Canadian now. How can I survive next 20  years in this country?

Personal finance 

I love to learn personal finance starting from May 2019. Even though I am not able to own a home in Canada, and I am 53 years old. I have to push myself to learn from my own experience.

References:
1. My Canada asset in 2010. Here is the blog.

One minute review: my USA retirement fund last 20 years

Nov. 9, 2019

Introduction

It is a good idea to put together some facts called one minute review. 

One minute review 

One minute to review the following facts:

1999 to 2001, $11,530 dollar into my 401 K from 1999 to 2001
2004,  $3000 IRA
2006,  $8000 401 K Siva, Par Tech Inc

Nov. 9, 2019
Key largo portfolio  $20,321.70
Par 401 K $6590

------------------------------
Profit: 
 $7381

1999 Dec  - 2019 May profit is $5479 
2019 May - 2019 Nov profit is $1902

More detail

I did invest $11,530 dollar into my 401 K from 1999 to 2001, and then 2004 $3000 IRA, and then from 2006 to 2007, I invested $8000 dollars my 401 K.

My actual asset for those fund are $26811.70 dollars, key largo portfolio has balance $20,321.70, par 401 K has balance of $6590.

Comparison

I like to profit at least 10 times more in 20 years, but actually I only have profit $7381 with 20 years time range, average for each year is $300 dollar/ year, $369.05/ month, 1.84%.

1999 Dec  - 2019 May profit is $5479 - Here are blog to document my IRA CD with the bank over 10 years.
2019 May - 2019 Nov profit is $1902

25% profit last 20 years is made in last six months since I learn to put those funds back in index fund. I studied Canadian retirement guide. Here is the link.

25% of profit $7381 is made by myself last six month starting from May 2019. 

Actionable Items

I just review the content in my blog, and then put together the above one minute fact review. 

Research talk: 20 years $200,000 USA IRA investment goal

Nov. 9, 2019

Introduction

It is my personal finance research. I like to work on the short research if I can make it happen from 1999 to 2019 to grow $200,000 USA IRA investment goal.

Case study

I did invest $11,530 dollar into my 401 K from 1999 to 2001, and then 2004 $3000 IRA, and then from 2006 to 2007, I invested $8000 dollars my 401 K.

Can I grow those fund from 1999 to 2019, and the goal is $200,000 dollars? My actual asset for those fund are $26811.70 dollars, key largo portfolio has balance $20,321.70, par 401 K has balance of $6590.

I was a young Chinese single lady from 1999 to 2019. I worked on a few projects and failed a few of them, including computer science Ph.D. degree, US green card application, and a few other projects.

In order to grow those money, there are a few ideas to make it happen.

Idea 1: I can purchase $10,000 ROSS stock, in 2019, the stock value 40 times more.
The problem I had is that I like to bargain hunt, but I did not know how ROSS business works. I never pay attention to the stock. I bought over 10 technology stock, expensive ones instead. I drove Ford Explorer brand new purchased in 1999, I purchased Ford stock, I purchased Bank Atlantic Entertainment stock account the company I worked for.

Idea 2: I can learn how to invest basics, so I can try to double those money once at least in 20 years span. So I can learn how to make another one.

Idea 3: I have to build confidence on one area of my life. My home purchase value went up and down.

Comparison

I like to profit at least 10 times more in 20 years, but actually I only have profit $7381 with 20 years time range, average for each year is $300 dollar/ year, $369.05/ month, 1.84%.

1999 Dec  - 2019 May profit is $5479 - Here are blog to document my IRA CD with the bank over 10 years.
2019 May - 2019 Nov profit is $1902

25% profit last 20 years is made in last six months since I learn to put those funds back in index fund. I studied Canadian retirement guide. Here is the link.

I like to show those facts, and I do have strong mathematics background, 10 years experience working in a manufacture company in Canada, and also experience in NSF, Par Tech, Siva, Motorola, Trendium, Online Gaming, Daleen.

How hard it is for me to learn personal finance, motivation to become a rich person, a millionaire?

Research talk: 20 years $100,000 IRA investment goal

Nov. 9, 2019

Introduction

It is my personal finance research. I like to write a blog on this short research. 20 years $100,000 IRA Investment goal.

How to reach the goal?

I worked full time from Dec. 1998 to Oct. 2001, I invested on my 401 K around $15,000 US dollars. Based on my the research in 2019, the index from 2010 to 2019 over 300% increase, and then from 2001 to 2009 up and down, say that it is 100% increase.

How to grow those $15,000 dollars to $100,000 from 1999 to 2019?

I was in my 35 years old, and I was working on so many things. I had a good friend who I met once two weeks. I did ask about my 401 K, I was too shy.

I even thought about paying Corba insurance just after I got laidoff. One month will cost me around $200 dollars.

In fact, my investment of those $15,000, and additional $3000 deposit in 2004, I only have a balance $20,300 call key largo. I put into equity fund, 10 years high bull market this May 2019.

Actionable items

I went to Facebook onsite in my 53 years old age. Am I super talent, top 10% in my age or not? I do not think so.

What I can do is to review my experience, case by case study, and then I like to push myself to build wealth and grow rich.

How to spot my own weakness and then work on improvements?

Nov. 9, 2019

Introduction

It is my personal finance research. I like to continue to search my weakness, and then work on improvement.

My weakness

I found out that I should work hard to learn how to invest on equity fund in 2019. I have USA IRA fund over $20,000 dollars near 20 years, and 401 K over $6,000 over 10 years. I have to learn that it is my job to learn how to double those money every 7 years.

It is my long term goal to learn all those index funds, individual stocks. I can not let go 20 year, and I only make $5,000 interest with lowest interest 1.2%.

I am 53 years old. It is easy to get stubborn, and it is so hard for me to learn personal finance, and learn the importance to be frugal first. So I can learn that I have to push myself to learn to invest on equity market.

Risk is hard to manage. I have to push myself to learn the basics. Invest 100 hours, continue to learn until I can understand and communicate financial literacy.

References:

1. Par tech 401 K, here are blogs.
2. IRA, IRA CD, VIGRX index fund 2001, here are blogs.
3. Buy high sell low, here are blogs.

My biggest financial mistake No 1 - $200,000 401 K and IRA gain

Oct. 26, 2019

Introduction

It is my personal finance research. After almost one year financial research, I found out that my biggest financial mistake is how to handle my 401 K and IRA from 1999 to 2019. Twenty years can generate over $200,000 dollars again based on my investment on 401 K from 1999 to 2001, 2004 and 2006 to 2007.

My 401 K contribution

Here is the blog I documented my contributions. I also list in the following:


1999 Atlantic Entertainment   $1880
2000 Atlantic Entertainment   $3610
2000 Trendium                         $650
2001 Trendium                       $5490
2004 IRA deposit                   $3000
2006-2007 Siva, par siva       $8000

Compared to index growth from 1999 to 2019, I do believe that 2010 $1000 on S & P index fund, in 2019 those $1000 dollars investment will be value of $3000 dollars.

I have 20 years to grow those $10,500 dollars from 1999 to 2001. I have 15 years to grow those $3000 dollars starting from 2004, and then I have 12 years to grow those $8000 dollars from 2007.

Why it takes me 20 years to learn investing on equities?

Oct. 16, 2019

Introduction

It is my personal finance research. Why I took 20 years until I am 53 years old that I should invest on equity, take some risk on stock market? I worked full time last 10 years, but I did not learn other basics like how to invest on equities. I did not know the bull market last 10 years, and I did not know any question like Amazon, Apple and MSFT and Netflix stocks, for example, $1000 dollars investment on Amazon stock in 2010 value of 2019.

Life is tough and I was panic 

I just keep blogging until I find my biggest mistake on personal finance in May 2019. I do not learn economics, and I do not know how to invest until I read a statement to show less than 10 dollars interest on my Scotiabank checking account with $50,000 dollars back in 2018.

This is my life first time that I can save more than $50,000 dollars. I had net income $110,000 from 1999 to 2001, but I was under influence of my mom and relatives, I had to pay so many bills and did not learn the delay of gratification. My saving is less than $20,000 dollars. I was on the track of low income, low saving for more than two decades.

Here are some highlights things I tried;


1. I went to USA Florida for graduate study and graduated in Dec. 1998 with a computer master degree;
2. I worked full time for two jobs and then got laid off in Sept. 2001;
3. In 2002 August I went back to FAU for graduate study and then went for intern, full time in 2016 for a startup called Siva, lasting 15 months;
4. I want to get Ph.D. degree but I could not get it;
5. I got a full time job offer in June, 2008 but offer was rescinded, I decided to pursuit my Canada skilled immigration instead;
6. I like to immigrant to Canada, but my application was denied in 2009;
7. I had to file the appeal from January to June, I got a court date on June in 2009.
8. I argued with the  the department of justice lawyer in application record; I owned a home with home equity and IRA CD over $20,000 in 2009.

How to break vicious cycle? How can I learn the wisdom to stay independent, and learn to build wealth and grow rich?

It is tough but I have to learn the basics after I decided to work on personal finance research starting from November 2018.

Here is the link to access those blogs.

Actually I started to invest on equity from 1999, but I did not know the importance of keeping learning; I made common behavior finance mistakes, and then quit equity in 2009 and then never went back until 2019 May.