The folks at BigFatPurse took on the Herculean task to organise us financial bloggers to write a book on investing your first $20,000.
I don't wish to take too much credit for this as I have only contributed one article, so please download this from BigFatPurse website here. I am grateful that in spite of a busy year juggling law school and my family life, I am able to at least contribute to a new publication in 2015.
The article I wrote targets intermediate investors and mentions five steps to the setting up a personal portfolio which is as follows :
a) Deciding on a theme.
b) Determining your asset classes.
c) The need for diversification
d) Backtesting your results.
e) Rebalancing the portfolio
The ultimate aim of investing $20,000 this way is to achieve about $1,400 to $1,600 dividends every year so you will be encouraged to push your savings to $100,000 or even $1,000,000 in the future. It's a powerful morale booster.
Anyway, I leave it to all of you readers to download this free piece of work.
I would say that for most of us who worked on this project, we were quite energised by the process and may consider working on larger projects with specific themes in the future. While I cannot guarantee that such products would be free, I expect that, given our own financial status, to be very cheap compared to similar offerings elsewhere.
So please stay tuned in this part of the blogosphere, 2016 would be an interesting year.