Wednesday, June 04, 2008

Goals

It seems that my boss is renting out this office building and we have to shift to other place.

But what really pisses me off is that I am kept in the dark. Not a single word was told to me. I need to ask other people what is going on. I just wonder why? Why is that idiot managing his company in this way.

It is really of low morale working for such person. Not only is he an idiot, he is also suspicious of people (maybe because I am not of the same race as he is, which is an Indian).

Now I really hope that my trading can take off an I can rely on my trading for my income. However, the reality is that I am still not there yet. Last month result is a fluke. I calcuated that for this month, chances are that my return will probably be around CHF2,200... this is hardly enough for me to pay all my fixed expenses! I still need this job to pay my bills, thus leaving my trading income as my capital and reinvesting in the business. So no choice, L.L., still need to continue to work here and take his nonsense.

I asked my wife how much is her boss drawing per month. She said about 16k, if include housing allowance and all that, probably around 20k. Ok, base on 16k, that is about 2X my salary. Her boss is the MD for the company, and I am just an ordinary empolyee drawing about 8k. So if I benchmark my own earnings against his, I need to make another 8k from my trading per month.

If things goes smoothly, it is possible. But I cannot hasten the process because of risk management. If I can achieve 1.5% per month, it will take me 10 years. If at 2%, it will take me 6 years. But if at 3%, than I can achieve it in 3 years! And if I increased it to 3.5%, than I can make it in 2 years. All this mean that if I want to achieve my goal of having a trading income of CHF6000 within 2-3 years time, I need to have a return of about 3.0-3.5% per month.

This, I must say, is unrealistic, but not impossible due to the fact that the percentage return is based on a relatively small capital, which therefore not subjected to liquidity problem. Moreover, the 3-3.5% is not going to be compounded forever. So I think it is an achievable goal, and in fact is a worthwhile goal to pursue.

I dream of being a stock trader since young. I also dream of being an entreprenuer. By trading on my own account, I in fact combine the two dream into one. So what else I need to ask for in life when I can achieve my dream? Furthermore, with an extra income of CHF6k, I can also afford to travel more often. This may be even a better option given that business travel is not that fun after all (though I do enjoy my business travel when I am with Electrolux).

I have already registered a company, although never have the intention of doing anything with it but just to remain it as dormaint for other purpose. Also, it is a symbolic act on my part to tell myself I am starting and running a business. I have yet to print any business card for 2 reasons, (1) I am still an employee of my current company, and (2) I do not want to have my personal business card before I can achieve my monthly trading income of CHF6,000. Of course, I can always change the monthly trading income target to say CHF4k or CHF5k, but regardless, it should be on a consistant basis.

The reason why I ut it at CHF6k is because that will equal my current pay, and also the combine income of my paycheck and trading income will be the same as my wife's boss's income. So by than, at least if I were to give others my personal business card (which I will put my title as MD), I will not feel embaress about it.

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