Mulzar.com

I finally decided to open a drip account. My goal is to put away some money in to Kraft Foods, Coca Cola, Pepsi and Mcdonalds every month and reinvest all dividends. I chose those 4 dividend stocks because I can’t really think of any other companies that I can trust for the next 50 years. I am going to hold these sweet dividend stocks for a very very long time.  Long term investing in reliable dividend stocks is a safe way to become millionaire, it’s slow way to become a millionaire though.

I’ve managed to save up an extra $15000 to invest in stocks. I am going to place some of that extra money in the DRIP stocks I mentioned. It will be a lot more fun updating my million dollar goal when I see dividends come in every third month!

I am also updating the market value on my apartment because prices here has rebounded a bit according to the media. The apartment is valued 5% higher than what I bought it for. I was a bit lucky that I was able to buy when the real estate market hit its lowest point here.

My net worth has increased dramitically since I started my million dollar goal. It feels good because I was actually going downhill in the beginning of my million dollar goal.

Status:

Net Worth: $51000

Holdings,

Cash:

$15000 - I will invest it soon.

Stocks/Funds:

$4200 in emerging markets funds.

Real estate:

One apartment, market price = $105000

Loans:

$71583 real estate loan.

$800 cash loan.