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Very cool. I'm still devising my ideal portfolio but my goal is to draw $2,000 a month without decreasing the capital. If/when I find a job I would just let it all roll over and reinvest. This was my model for about five years from 00'-04' and it worked well. Then from 05'-09' I had no primary income so I've been pulling about $10,000 out every 4 months to meet living expenses and slowly draining the capital as I haven't made $10,000 in trading profits every 4 months. My spreadsheet isn't up to date but I'll post my 1099B in a few weeks once they're out. That will also allow me to update my spreadsheet.
My plan is to do what I am doing and see how consistent I can be for the next 6-12 months. Then I plan to double my trading capital and raise the bar and try to pull out $1,000-$1,500 a month. I am really just trying to keep a disciplined approach to my trading. So the more systematic I am with my trading the better.
Very cool. I'm still devising my ideal portfolio but my goal is to draw $2,000 a month without decreasing the capital. If/when I find a job I would just let it all roll over and reinvest. This was my model for about five years from 00'-04' and it worked well. Then from 05'-09' I had no primary income so I've been pulling about $10,000 out every 4 months to meet living expenses and slowly draining the capital as I haven't made $10,000 in trading profits every 4 months. My spreadsheet isn't up to date but I'll post my 1099B in a few weeks once they're out. That will also allow me to update my spreadsheet.
ReplyDeleteMy plan is to do what I am doing and see how consistent I can be for the next 6-12 months. Then I plan to double my trading capital and raise the bar and try to pull out $1,000-$1,500 a month. I am really just trying to keep a disciplined approach to my trading. So the more systematic I am with my trading the better.
ReplyDelete