My main goal is to build a portfolio of $1,000,000 in 1500 days, starting from 1/1/2013. Every month, I provide an update on my status. My goal for 2013 is to get my portfolio up to $672,750, from a starting point of $586,043. Time to look back on the month of May.
My portfolio did really well too. I started the month at $617,495 and ended at $636,661 for a gain of $19,166. Some of this came from Google*, which became my first 10 bagger. I purchased the stock at IPO for $85 way back in 2004. It now sits at $871. Wooo!
Here are the juicy stats:
- Days elapsed: 152
- Days remaining: 1348
- 2013 gains: $50,618
- Left to go (2013): $36,089
What will the rest of the year bring us? The markets have set a torrid pace so far. The S&P 500 is up a blistering 15% in 5 months (Danger, Will Robinson!). Everybody is talking about a correction, but it has yet to materialize. Will June finally be the month that the markets come back down to earth? I have no idea, but it sure is fun to watch!
On an unrelated note, life is extremely busy at the moment. I don’t want to jinx myself, so I’ll wait to spill the beans until I’m sure that sure I have the beans in the first place. Stay tuned. Lots of changes happening in June.
*Thinking back, Google was a silly purchase. I bought the stock because I thought they were a cool company. Put another way, this was mostly luck.
These days, my investments are pretty tame. I buy mutual funds through my company’s 401(k). After tax money goes mostly into real estate or index funds. The exceptions that I make are for Warren Buffett (Berkshire Hathaway) and anything Elon Musk does.
My buddy Johnny Moneyseed has a very timely article on investing. I wish I would have been as smart at his age. CMGI anyone?
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