The original Sharpe Income post can be found here.
The Sharpe Income category be found by clicking on that red ‘Sharpe Income’ tag next to this post title, or by clicking here.
We continue the discussion from the last entry.
The rules of the project, as outlined in the original post, are pretty simple. True? $25.00 a week is contributed to the account.
A week passes.
Another week passes.
And so on.
To date, we have simply been saving up these deposits and purchasing an asset when the pile of cash is big enough for an approximate $300.00 purchase. However, as you will see at the bottom of this week’s PDF, from this point forward, we are going to set some of the cash that we deposit aside.
So now, we will simply deposit the cash, and specify in the PDF how much of that deposit is available for any purchase of any asset, and how much of the cash is reserved for specific assets. Assets such as Union Pacific (UNP), International Business Machines (IBM) or one of the instruments that we will use for capital gains.
Only a few weeks in, and we’ve accomplished quite a few things with this small little project.
We’re up to about $1.00 per month in income at this point.
Two income producing assets with stability (again, we will discuss this more in the future) which can grow the income that is already existent.
We have begun to develop capital gains assets that will ‘cushion’ the entire account in the future.
We are approaching our first (of many) $1,000 mark (the first $1,000 is always the hardest, LOL).
And we have mountains of maneuverability, per the rules of the project.
No purchases are planned for this week.
The link to the Google Drive Spreadsheet that you can view, that we will edit, build upon and refer to over time can be found at this link.
We continue the Sharpe Income project with this next entry