RISK – it’s such a scary word, especially right now.
We’d all like to remove risk, right? Nobody wants to think of their investments – their “nest egg”, whether they be in stocks, bonds, gold, real estate or fine art, ever going to $ZERO.
But we live with those fears everyday – some days more than others.
Wouldn’t it be fantastic to invest a dollar and know that you are GUARANTEED to not only to get your original dollar back, but also get a monster return of 12% interest with no chance of loss what so ever?
Of course there’s no such investment – no matter how large or small the rate of return is, because you can never remove RISK. Remember even CASH has a risk, as inflation eats away at your purchasing power on a daily basis.
A good friend of mine who audits banks for a living often reminds me, “You can never REMOVE risk, you can only MANAGE it.”
So since you can’t remove risk, how can you manage risk? Read on… Continue reading “How to remove *RISK* from your portfolio”
Monthly Income Update: June 2011
As I had anticipated, June was a very good month for the DDI portfolio bringing in $556.14 in passive income for the month.
It was the first (and only) month in the 2nd Quarter in which the portfolio reached it’s goal of $500.00/month in passive cash flow.
While the income for the month blew through the monthly $500 goal, beating it handily by over 10%, it wasn’t enough to make up for the short-fall in both April and May.
Continue reading “Monthly Income Update: June 2011”
Monthly Income Update: May 2011
I’ve just finished calculating the monthly cash flow for the Daily Dividend Investor portfolio and there is good news and bad news. The good news is that the portfolio generated a very respectable income stream of $499.90 for the month of May. The bad news, which isn’t really so bad, is that for the second straight month, the portfolio missed reaching it’s income target of $500.00/month in passive cash flow.
Overall I am happy with the results and this cash can now be put back to use in the portfolio.
Continue reading “Monthly Income Update: May 2011”