Pro beginner is interesting to learn how to declare all your assets in income tax, which includes the shares of bovespa. For the first time, I made the statement myself and the feeling when it comes to it is very good.
I’ve been a little busy, a bit without the internet, working a lot and losing 3 business days of my life doing my Income Tax to declare for the state gang. The fact is that for the first time I decided to make my own income tax and not give more to accountants dumb and unwilling to do, besides having the security of knowing that no accountant knows how much I have.
What I get upset about is that whatever you want to do at the bank like asking for a credit card or do not know what the manager is upsetting you to declare the updated income tax.
About my income tax itself: I am with the same car of 2007 removed, my simple ap of 59m and 300k removed, a land of 170k removed, and a flat in the plant 90% built total cost of 200k and paid a 200k already And the rest into shares.
I am still out of the financial market today:
670k real estate.
28K a vehicle.
I confess that even after the discharge it is difficult to get excited in the short term, I think I will contribute lightly in the direct treasury from next month (thanks to the reading of the book that I quote in this post – I think 20% of fixed income here in Brazil For my goals will make me more comfortable and 10% in Fiis.
My portfolio is very aggressive without the slightest need and to focus more of my stock portfolio on the companies that I really like, I ended up buying too many companies and doing the “diworsefication” that Peter Lynch was talking about, and I will also increase the value of my stock emergency.
Basically my equity today is 50% in real estate and 50% in stocks (see I started to err, working fucked in private company and buying apartment to pay alone, I ran a huge risk and still more in the plant, all this to get rid of rent as I told you at the beginning of the blog).
Anyway, if I went back in time, I WILL NOT BUY ANY PROPERTY, I would be much happier and quieter with 500k in fixed income and/or fixed income more faithful, but I did not know, now they are my assets and I will not sell anything, More in the fixed income and in the fiis from next month, besides adding an extra part to contribute abroad in my account of the interactive brokers that I still want to open. I intend to buy $ 2,000 next month and get $ 5,000 – half of what I need to open my account there.
Yes, I spent my whole life dreaming of MILLION. I spent the last 7 years of my life giving up a lot to get there and I arrived. The feeling is of gratitude, accomplishment, satisfaction and a little personal pride to know that I was able, with my own study and work without inheritance, without parental help (quite the opposite me who help them).
I feel happy to be 30 years old, a good knowledge in finance, health to work, study, contribute, read books, take courses, and be able to help my family, have my ap removed and my car removed. Declare all the GO was a milestone for me, he even asks if it’s right at the end because I declared assets of more than 1 million and you have to click ” yes “.
I work from 11-12 years old, and whenever I can work, then it’s already been almost 15 years of work, I’ve never denied a job invitation, ever. I spent the whole week teaching private classes on weekends, teaching classes, correcting tests of students, losing many barbecues, exits, ballads, trips and etc … I always wanted to do interchange but never had money, my first trip abroad was by College study that paid for everything with my own money (I did not even have TOURISM WITHOUT BORDERS at the time) I never had a car, nor my parents to get or leave a car somewhere, I always dreamed of a better life in a better city and with my things And so far I’ve been able to.
So if you ask me if it was worth it? Thanks. I would do it all again to get here. I enjoyed the cheap life and my way. My next goal is to have a million dollars in investments and for that, we have to pay 600k reais, it’s a monstrous amount that I’ll keep working, sleeping poorly, eating badly, not traveling and enjoying, but it’s my price. My goal is to earn 5,000 monthly liabilities in the next two years.
I do not want the post to be mellow but this is also my journal, and who knows 10 years from now I will come here to read all this. It took me 30 years to make my first million and will take another two years to make the second and then another two years to make the third and live much quieter forever.
I’m really enjoying the google finance quote that I explained in the previous post. I was also happy to know that I can put all the global assets that I want to put into my portfolio under construction. My portfolio grows much more by contributions than by dividends, in fact, this thing of investing is more manual labor and putting money in there than in fact the money multiplies inside, especially when you are invested only in stocks.
I finished an online financial markets course on the Coursera website and I found it really cool to dedicate myself to these online courses. You have to have a lot of discipline to keep up and do the right exercises.
I’m also halfway through “The bogleheads guide to investing”, very interesting and cool. John Bogle was the CEO and founder of Vanguard, the American giant of the trillion-dollar investment funds industry, it was he who launched the first index ETF and proved by A + B that it is much better and cheaper and profitable to invest in the index than Be buying funds with expensive fees that take your equity.
The book was produced by the self-named community “bogleheads” people who think like him and who maintains a gigantic forum on the net with that same name. The forum started on the Morningstar site but later gained its own domain. I even registered there and read some things, the staff there helps a lot to each other. It has been the most positive financial forum I have ever seen in my life, and the book is very good and simplicity designed to unmask Wall Street and make you responsible for your investments in a simple and quiet way.
Here’s the cover of the book, you can buy it on Amazon for kindle:
This is the book. It is well worth it for those who want to invest in the USA and also has many lessons that we can use right here. We’re going to Grendene now:
Grendene is one of the companies I am happier in my wallet. If I went back in time I would have bought a lot more of it and left a much higher percentage in it, because I bought a lot that got worse like Eternit, Kepler and Santos Brazil and I took small losses undoing these companies, what good would it be if I had bought everything from grendene So far, but let’s move on, investing is forever.
When you decide to invest in a company, know the business, its brands, your website, your IR, go there and download the materials and read, stop being lazy, it does not last for half an hour. Grendene is a family business from the south but it was to make a factory in Ceará due to the better tax proposal that the state-owned company from Ceará has charged (tax incentives). Grendene sells sandal (WOMAN SPORTS LOTS OF MONEY WITH THAT).
The head of the Brazilian woman thinks two things all the time (SANDÁLIA E BOLSA) just that. As you work to survive, eat, invest, the average Brazilian woman works to buy purse and shoe (and you can invest in it). Another good company in bovespa is Arezzo, which I am not a partner. But come on, if you want to stop sloth going there on the RI website of Grendene: http://ri.grendene.com.br/EN this is the link. Grendene RI
The grendene I consider so good and stable that could have come all in it 3 years ago that would be happy so far. See that we are in a crisis in Brazil and yet it can sell well, maintain good margins, good profit, constant dividend distribution. I will give a few prints of the 2015 annual release only of what I consider important to the amateur investor as I know. Compare the evolution of revenue, profit, margin and costs. You will see that everything has improved.
These are the brands that Grendene sells above, DY is currently 5.2%. The net profit is only growing and the company is very rewarded and well seen in bovespa and in the market because it respects much the consumer and the minority partner. It is the kind of company that does not give you unpleasant surprises and that you invest with ease. To this day I’ve never seen anyone complain in any Grendene forum. And I did this kind of blog to help you analyze the companies and not get stuck.
The asset is GRND3, ON, has more than 27% of the free float, is a leader in exports and exports sandal worldwide, is from the NOVO MERCADO of bovespa (this is a good sign), it pays satisfactory dividends as I see it and it goes well Financial health and with controlled debts. I consider it a defensive action and it will please the investor a lot for the comfort of having it.
We are going through the worst crisis in Brazil in the last 25 years where the industry that is raped by gang taxes has been breaking up all over the country, firing, selling assets, closing and bankrupt, but the grendene that is nothing more than a sandal factory continues Doing well EVEN IN THE HEART OF THE CRISIS. This is a sign that the sector is very resilient and that women do not stop buying sandals even while in crisis.
“In 2015, Grendene shares (GRND3) appreciated 15.6% considering the reinvestment of dividends and in the same period, the IBOVESPA depreciated -13.3%. The average daily financial volume was R $ 5.3 million in the year (R $ 5.7 million in 2014). “That is, THE MARKET TAKEN A SURPRISE OF GRENDENE, with almost 30% difference in the MODULE of values. This is a little message for those who want to invest in ETF GARBAGE like bova11 and Pibb, you will get it from certain companies that are beating you in the face and saying they are excellent, besides buying garbage like Petro bomba and valelixo.
The post is a bit big here, grendene represents 5.7% of my portfolio and I’m even thinking about increasing it, depending on the annual result for 2016.