VTSAX Millionaire Journey #8: $90,551.02

When I began this millionaire journey I didn’t realize that it would be a journey that would inspire me to learn more about the history of the stock market. I find myself learning about the stock market panic of 1907 and 1929 in particular. To tell you the truth, I was so inspired that I wrote a detailed post about Jesse Lauriston Livermore, my favorite stock trader, who shorted the market right before the 2 aforementioned panics and made a fortune.

You can read my post on Mr. Livermore here but I need to share a financial thought of mine. Jesse Livermore amassed 4 incredible large fortunes over his lifetime and subsequently lost them all. Now here is my thought and I promise to be totally honest. If I come across a huge fortune, be it by my own successes or a lottery, I will quit trading.

I don’t mean I will quit investing and making my money grow in the stock market but I won’t day trade ever again.

Why?

Truthfully I don’t need 2 fortunes. I (and you as well) only need 1.

🙂

Unfortunately, I didn’t win the lotto. I also don’t have a family member who’s inheritance will put me in the 1% group. So, I continue to blog, trade and take photos for a living. Luckily the month of August was a really good financial month for me.

With that said, here are the numbers.

I was able to add in $5,421.50 to my VTSAX position for the ending month of August. That number is a combination of photography, blogging income, trading, dividends, capital gains and option money.

There is now a $5,952.84 investment return since January 10th 2017.

To wrap things up my Vanguard Total Stock Market Index Fund total is now $90,551.02.

If you need to reach out to me for any reason please do so here.

Until next month.

Important Resources

  • Read my frequently asked questions or if you need personal 1 on 1 guidance from me on how to fully prepare as well as protect yourself from the misrepresentation please click here.
  • Every month I update this post here for my personal "Millionaire Challenge". I suggest you read the entire post and when you reach the bottom you can see my updated progress.
  • I highly recommend the Simple Path to Wealth book to grow Your wealth simply and steadily. It will educate you beyond your financial imagination. This is my review of the book.
  • If you are new to stock trading test your knowledge here with a basic stock market quiz.
  • There are a lot of secrets in trading stocks and I reveal 20 of them in this popular post.
  • If you are confused about short selling stocks then read this simple explanation that will clear it all up.
  • This free stock research tool will give you all the necessary information on any stock you type into the search bar.
  • Do your best to avoid day trading distractions. Especially the 10 I list here.
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