Aloha Investors!
Today was a decent day, with the Dow up 0.33%, Nasdaq up 0.40%, and S&P up 0.71%. I will be blogging about what I decided to invest in every other week when I get paid. I’ve developed and have been utilizing this routine for over 10 years. I’ve established the following rules before I invest in anything because you should never invest what you can’t afford to lose.
Bills – This always comes first before anything else. This includes items like rent and food.
Savings – This is not always a must, but it adds up even if it’s $20.00 a paycheck. This will also come in handy for an emergency fund. For an emergency fund, the general rule would be to save 4-6 months of essential expenses.
Investments – This is what you can put in a set amount every paycheck. The best way to set this up would be to automatically transfer it from your paycheck to your bank account.
Entertainment or Hobbies – This is what is left over once you established #1-3. I like to call this “My play money” for all the hard work.
My Investments for Friday, January 13, 2023
Individual Stock Account – $105,220.94
Apple – 2 Shares
Price per share – $134.105
Philip Morris International Inc. – 1 Share
Price per share – $101.3195
Buying power remaining: $31.92
Roth IRA – $69,448.31
No shares bought at this time
Next investment: 01/27/2023
Buying power remaining: $268.52
Traditional IRA – $22,896.49
No shares bought at this time
Next investment: 01/27/2023
Buying power remaining: $122.04
It’s Never Too Late To Start Investing!