I hope August is treating you well! It’s been well for me, and not just in terms of my investments. I have a deeper appreciation for my family and those close to me after this month. Without going into details, I learned that while I value my investments, I treasure my friends and family.
So thus far, I’m on track for exceeding my investment goals for the month and getting very close to beating them for the year! The numbers will appear in my monthly net worth updates, which I’m excited to share.
A year ago, I would not have thought this was possible, but thus far… Choosing myself and my future has been one of the best choices in my life. I’m already amazed by my progress and my family, who has been there for every step of the journey, is especially happy. And that makes me happy.
Prior to the pandemic, I started working on a list of stocks I’d like to own after doing a lot of research and reading blogs such as My Own Advisor. I went through quarterly results, press releases, research into sectors and using my own background (which is very future-focused) to come up with my list.
Thus far, it’s generated a 60k return for one member of my family, who gave me a small kickback.
One of my picks of note is Exchange Income Fund. They’re known as an airline, and while they do operate critical airlines, they also own manufacturing. Most recently they posted their second quarter results, which resulted in a 10.75% jump in the share price one day one, followed by another 2.19% today. I wouldn’t dedicate a large amount to them, but they certainly have some potential as a growth/acquisition pick for potential capital gains. They do have a meaningful amount of debt, but as a short term play, they have some potential. I’d like to see them reduce their debt level further and develop synergies in their acquisitions.
I think I might be able to end the month adding some hefty weight towards my goal. In fact, I might have to revise it upwards!
I am looking at adding about $3000 in capital towards my goals this month, so we’ll see how that pans out over the next few months. I’m so close to the 90k in assets milestones… and we all know 100k isn’t that far behind 🙂
