Australia: My Experience With The Stock Market - Part 4

Aside from stonks, I was also researching about ETFs (exchange traded funds). It's like mutual funds but no. Then I came across spaceship voyager  then raiz .  If you want to know more about the two, you can refer to this  article . Below is a summary: 📌Make sure you understand the product and the risks involved before investing.  Source: Update: I opened an account with Raiz and will do a review after a few months 😊 . If you want to get started, maybe you can use my referral link here  to have  $5 for me, $5 for you! Thanks!   

2017 Starting the Year Right

I know it's already February but "it's never too late." I've been very busy the past months - December & January. December - year-end closing, stock check, auditors while in January - time with family.
Before making my projections and setting our goals for 2017, I reviewed first our 2016 portfolio to know whether we are achieving our financial goals or not. Well, our portfolio was down due to our stock investments. Since I was and am a newbie to trading, I was not able to hit the targets but I learned a lot and I am going to apply it this 2017 to know whether such strategy will suit me or not. First thing to remember just in case you decide to become a trader, make sure you are not emotional especially when the market is not going your way. Don't panic. Listen, observe, read, understand then decide what to do with the stock.
After reviewing our portfolio, I checked our medium to long-term goals to know what's next. Since we planned on going home for good by 2018, I made some calculations to know what will be our opportunity costs. Looking at it, I asked my husband whether he wanted to migrate to another country instead. He was hesitant at first but I explained to him all the possibilities. He said ok but still a bit hesitant. Because of that, I updated my budget by incorporating all the projected expenses and knowing my projection at the end of 2018. It will be updated monthly. With that, we will be able to know what to do next if ever things will not work out. Hopefully not!
2017 GOALS* (Things To Do)
  • Visa Approval (Assessment, PTE, EOI, Results) (Estimate at year-end for results. Praying Hard. IELTS need to retake due to target band 7 for additional points before lodging for EOI) -- Visa was approved March 2018. 
  • If visa is approved, job hunt before jumping or else wait (Estimated year end of 2018-2019) -- refer to 2019 SYR (Starting the Year Right) blog
  • PERA (Actually we were planning on opening when we went home last January, however, when we went to BDO main office, they said it's not yet available to the public. They are having a test run and there are no forms passed to the bank officers. For BPI, it is open to the public, however, you have to go to the main office. We did not have time to go so we were not able to open PERA.) (done opened last May 2017) -- never updated or added after that due to our visa application.
*Goals will be updated or will change depending on situations


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