As of June 10th’s closing, my Investment Account in Ameritrade iZone has finally reach $25,000, or the day trader’s minimum requirement. I wanted to hit this number for some time. Of the total, $22,000 are from deposits over a course of several months. The rest are from capital gains.
This Investment Account is my “play” account where I can take risk and potentially make more money. I want make up a one year investment goal for myself right now. It’ll be something I can actively work towards. I’ll post my transactions and track my performance on this site.
Okay, here it is. My one year goal, by June 1, 2006, is to have $20,000 in gains starting from today. That would be $45,000 if things remain constant, but I may add more funds. The gains formula is: Total Balance – 25K Starting Balance – Additional Deposits. The road map should look something like this:
However, market fluctuations will make these checkpoints difficult to meet, so I will use these numbers as guidelines.
I do not recommend anyone to go and risk all their money. The money in my “play” account is something I can afford to lose. I have a full time job, a stable financial situation, and I am in a prime time for taking financial risk. So, in the worst case, I’ll just start rebuilding my savings from scratch and the loss will unlikely affect my current lifestyle. However, if I succeed, I will have a big accomplishment. This accomplishment will help me plan out the road map for my career and more.