
I Built A $255,000 Share Portfolio in 6 Years - I want to share the details with you...The 1000 Dollar Project Podcast
Samrawit Shemsu
Description
<p>A little over 6 years ago, I started a fun financial challenge for myself. I wanted to get back into investing however I had just gone through an expensive divorce and was on such a tight budget. I had no money for investing. So I decided to find new ways to ear extra money and save extra money. Each time I found some extra money in my life, I put it in a seperate savings account and the moment my account hit $1,000 I bought some blue chip Australian shares (industrial). I repeated this process over and over again and took out a very conservatively managed Margin Loan along the way. Today this portfolio is worth approximately $255,000 and has paid me a passive income of over $8,731 (a special dividend of over $4,800 was paid a week after this which is not included in this figure but will carry forward to next years income). Whilst all this income is reinvested, I take the exact equivalent and donate it every year to World Vision's 1000 Girl Project - where this money helps protect young girls from slavery, sex trafficking, child marriage and gives them a safe home, clothing, healthcare and most importantly, education. Whilst I am proud of building this portfolio, I am most proud of donating this money.</p> <p>Portfolio summary (please note this is NOT product advice, investment advice, strategic advice or personal advice)</p> <p>26 stocks, 8 ETFs and 2 LICs (LICs hold 41% of my portfolio)</p> <p>Margin Loan - $49,750 (P&I based, will very slowly pay this down when I am ready to)</p> <p>All dividends are reinvested - if not done automatically, they are paid into my $1000Project savings account where I manually reinvest them.</p> <p>You can grab a copy of The $1000 Project from Booktopia, The Book Depository, Auible or any other good book store. A fun, simple and easy financial challenge that will break new financial boundaries for you. Trust me, you won't regret it. </p> <p>My Instagram accounts to follow: @SugarMammaTV @CannaCampbellofficial </p> <p>My YouTube channel - over 400 bite size videos
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I Built A $255,000 Share Portfolio in 6 Years - I want to share the details with you...The 1000 Dollar Project Podcast
Samrawit Shemsu