As the year draws to a close, it’s time to start thinking about our New Year’s Resolutions. Every year, I will set about 3-4 goals to accomplish throughout the year, most of them related to finances. Here were a few of my last year’s goals:
- Increase more sales to own business
- Buy a house
- Build more investment portfolio
However, I had just accomplished the 2 out of 3. That’s ok though, because at least the goal was in place and we worked towards achieving it. Next year, my goals will be similar and hope that I can achieve it. Here are some must-haves on the list:
Make Quick Profits
Since equity markets have appreciated considerably since year 2008, the opportunities of quick and high profits have shrunk. Investors will have to be very selective, more patient and also tone down their return expectations in 2013. However, I will be more focusing on generating fast return from stock trading next year.
My current stock investment account balance is RM25,000-RM30,000. I will top up an additional fund of RM10,000 in my stock portfolio on January onwards and it will be revised on 1st July 2012. This is for me to go through stock performance screening process to ensure that I won’t commit all my funds allocated for poorly performed equity.
My net profit target next year will be 30% ROI (Return on Investment) with approximately 2.5% profit each month. I believe that it’s achievable if using the dFormula 3.0 – improved investment strategies and techniques which have been tested successfully.