| Great month of trading. Booked $100K in swing trading gains.
Also, approaching an interim-target that I call "VHNW-lite." VHNW-lite is a target that I set up which represents having amassed $5MM in "investible assets," excluding my primary home, and after taxes and expenses. As a practical matter, this means my "cash," "retirement," and $1,425,000 in equity in investment properties (after any taxes, expenses, or encumbrances).
It appears that I will reach this goal next month even though you might think I've already reached it base upon adding up the foregoing asset classes. I've waited to declare this goal, however, since I wanted to make sure that it was only declared once my personal taxes were paid as well.
As a result, my cash will drop next month, but the reason for this will be payment of remaining personal taxes. Notwithstanding this, I will have achieved VHNW-Lite status.
Now, why the "lite"? The reason for that is, in my opinion, VHNW status should be based upon having $5MM in relatively liquid assets--i.e., cash, stocks, and retirement, excluding all real estate. It appears that this goal--true VHNW status--should be reachable in Q3 of 2016. |