“I knew how to sell. felt confident I could run a business. Was willing to outwork anyone. Wasn’t afraid to live like a student on next to nothing. So that meant I had absolutely nothing to lose and everything to gain.”
– Mark Cuban
Hola! time for February
net worth update, yes! a little late with the update this month. A very bad February in terms of money, equity and disgusting school shooting. All these events made jack a dull boy! this is the new proverb. Also, the budget had nothing exciting, Long Term Capital Gain (LTCG) tax of 10% just made me cry, pun-intended. The year 2018 will be a real challenge in terms of growing my net worth, already seeing the bearish morale all around.
Coming to money management this month, sent some bread to offshore account. Indian equity at its worst since start of 2017. Bought Rashtriya Chemicals & Fertilizers and OM Metal and Infrastructure. Hopeful of getting good returns on a long run. Financial check box on these two stocks fit perfectly, hence bought them for cheap. Also keeping close eye on Sanghi Industries, As it goes below 100.00 I will be buying some more of that stock.
below is the screen shot of the net worth this month. 40K as always invested in debt fund. And the rest stays in emergency fund. Also, some bones went into buying above stocks. Because of the prevailing bearish equity environment there is no much equity gain. Seeing this volatility sticking in for so long, I guess this year will be very challenging one in terms of making gains in equity. Monthly increase of 85K in bread is not bad.
for this month, how did you work your net worth out? Any net worth goals? Do share them with me here. Cheers to money, see you all next month.