On October 13, 2017, my net worth for the first time reached $10,000 Milestone. It was just 10 months after I started my million dollar journey and I was 32 years old.
To celebrate this little victory I've decided to wrap up a brief article for the history.
It doesn't come as a surprise, as I have been preparing to reach $10,000 milestone this year, just I thought it will happen most probably after a month. But rising Bitcoin price and great performing Baltic stock market gave a nice boost to the total value of the portfolio, on this October 13 Friday night.
On the overall I've exceeded my initial plan for this year's investments - originally I planned to deposit $8,561 this year in several batches. There are still 2 months left before the end of this year and I've already invested $9,640.67.
Net worth $10,000
Month after month I keep adding money to my portfolio. In 2017 I was investing in - peer to peer lending, mutual funds, stocks, crypto-currencies, and cash. Starting with the May 2017, I provide monthly dividend income report coverings earnings and happenings on a monthly basis.
So far, portfolio has been performing good, giving about 3.78% value growth (year to the date)
Portfolio structure reaching $10,000 Net Worth
Here is the breakdown by positions:
- Peer to peer lending: -2.42%
- Stocks: +4.11%
- Mutual funds: +5.53%
- Crypto investments: +30.29%
Also, the portfolio has produced dividend income of $389.51, giving a dividend yield at 4.04%.
If counted together both value growth and dividend yield, I can proudly report about 7% annual growth rate. These numbers will of course change in the next 2 months, but right now reaching $10,000 net worth I feel very inspired and thankful that this New Years resolution, to save and invest, has produced first results.
If things will continue to be so bright in the future, I could reach a total net worth of $25,000 by the end of 2018, being 33 years old.