Mulzar.com

I am happy with how things have went so far. Sure, I could have alot more money by now but that’s life. I’ve been reviewing my strategy for accumulating wealth. If I am ever going to achieve $1 million dollar in net worth, I have to dedicate more of my time. My strategy has so far been investing in stocks, funds and real estate and saving money regularly. The reason why I choose stocks and real estate is because they have been proven to be the best wealth builders over the long term. I still haven’t DRIP invested. I have plans on opening a DRIP with Pepsi or Coca Cola or maybe both. The reason why DRIP look tempting to me is because I like the idea of passive income with growth. Dividend reinvesting is a low stress approach to the stock market and that makes it even more appealing.

Should I also consider my website’s value when I am calculating my net worth? Maybe I should, considering that I calculate all things of value when I announce my net worth. Real estate, precious metals, stocks, savings etc. I never thought that this website would be worth anything because blogging was more like a hobby and I didn’t intend to make money on my blog. But as time went ad money started to come in. 

For now I won’t take my website’s value into consideration because the money I make isn’t worth mentioning so the value of http://mulzar.com is probably not worth calculating YET!

So to sum things up: I have been saving money on regular basis and investing it in stocks and funds. I used to amortize my mortgage loan but I stopped doing that as I mentioned earlier since saving money in the stock market will probably make me more money than amortizing. I have future plans on opening a DRIP account at Pepsi or Coca Cola. Or some other good DRIP stocks. I have few stocks on my mind that would be suitable for DRIP.

Status:

Net Worth: $32400

Holdings,

Stocks/Funds:

$4200 in emerging markets funds. I will give details about which funds/countries  next update!

Real estate:

One apartment, market price = $100800

Loans:

$71583 real estate loan.

$900 cash loan.

 I’ve achieved $32400 in net worth so far, not so bad. I started my million dollar  about 1.5 year ago with $14000. It might seem like I have done some good value investments but the fact is most of the rise in my net worth have been through saving not the rise of my stock holdings or real estate. I would have been a good amount richer if I didn’t sell my RBY shares, but hey what can you do…. “if” changes alot when you trade stocks. It’s easy to be smart in hindsight.

Is tehran real estate a paradoxal market, how can city located in a third world country have square meter prices up to $3000 in middle class neighbourhoods?

It’s actually not that surprising that prices are so high when you think about the key factors that have driven up the real estate prices in tehran so much. Tehran real estate prices has grown very rapidly, especially during 2003 to 2007. 

It not wize for the foreign investor to come to tehran and invest in real estate. Some economists strongly believe there is a real estate bubble going on in tehran. It was clever to invest 10 years ago before the real estae prices in tehran skyrocketed. But now is too late to the party. Tehran real estate prices are far from a bargain.