Don't know if this is the right category...but here goes:
Just finished calculating the end of 3rd quarter net worth and it was up over 23%. My goal for the next quarter will be to repeat that performance. The plan will be as follows:
Of the needed increase: Over half can be obtained by the investments that already go into 401(k) and 529, repayment of "bad debt" principal (admittedly slowlane, but I do have family -- wife and 6 kids so it is not fair to them to risk it all). Add in a 5% increase of the 401(k) and it looks like I set my goal too low. I would only need to make about a 20% return on the stock collars that I am doing for the quarter, and I think it is obtainable. Let's shoot for 40-50% increase in net worth for the quarter.
Just finished calculating the end of 3rd quarter net worth and it was up over 23%. My goal for the next quarter will be to repeat that performance. The plan will be as follows:
Of the needed increase: Over half can be obtained by the investments that already go into 401(k) and 529, repayment of "bad debt" principal (admittedly slowlane, but I do have family -- wife and 6 kids so it is not fair to them to risk it all). Add in a 5% increase of the 401(k) and it looks like I set my goal too low. I would only need to make about a 20% return on the stock collars that I am doing for the quarter, and I think it is obtainable. Let's shoot for 40-50% increase in net worth for the quarter.
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