Private Fund Update – Steady Progress Towards $1,000 AUM

The private investment fund has now reached $658 assets under management, and the annual income for the fund is $16.36. The targeted goal is $1,000 AUM by the end of the year, December 31st, 2024.

If you’ve been following along, you can see that the $5 contributions, which are on a daily schedule, are adding up. This proves the adage: small sums add up. Some of these positions I will be adding to over time once I feel satisfied with a current position that I have been building up shares in.

It’s too good of an opportunity to pass up, and I have a number in mind to stop when it reaches a certain price point on the market. Again, do not despise small beginnings; you have to start somewhere to get to the finish line—if there ever is one for you and your personal goals.

As you will notice, I always block out all holdings along with obvious private information. I do this because I don’t want readers to think it’s safe or okay to just buy into what’s on the fund’s balance sheet. I can’t stress this enough: It is important for anyone interested in learning how to invest in the market to do their own research before investing a dime.

The fastest way to lose money is to throw off all accountability and speculate on the latest or hottest stock or holding that your favorite investor or financial writer is talking about.

With that said, I’m happy to report that with the daily $5 contributions to the fund, I will hit the targeted $1,000 before the end of the year. I estimate that I’ll end up close to $1,500 if everything, including the market, goes well.

This was just a quick update, as I try to update readers on the fund at least once a month. However, once it reaches $1,000 AUM, I’m not sure if I’ll keep updating—we’ll see. For now, these updates have kept me accountable as well

Leave a comment

Website Built with WordPress.com.

Up ↑