The $50k Challenge – Update 5

The $50k Challenge Update 5 – 15th/16th August 2019 Stock Code: HMX Shares Purchased: 174,936 Share Price: 0.026 Stock Code: HMXOD Shares Purchased: 353,000 Share Price: 0.015 Reason for Buying: 1) Directors own 13.5% of the register. A further 26% of the register held in 3 other hands. 2) Low market Capitalisation and Enterprise Value considering sector and peers 3) …

The $50k Challenge – Update 4

The $50k Challenge Update 4 – 13th August 2019 Stock Code: CR1 Shares Purchased: 41,666 Share Price: 0.24 Reason for Buying: 1) Directors and deal makers have significant holdings 2) Low market Capitalisation and Enterprise Value 3) Potential acquisitions across multiple resource sectors 4) No cash or equity raising requirements in the near future 5) Deal makers have had huge …

The $50k Challenge – Update 3

The $50k Challenge Update 3 – 2nd August 2019 Stock Code: IP1 Shares Sold: 228,000 Share Price: $0.044 Profit: 100% / $5,000 Shares Remaining: 226,545 Reason for Selling Definitely wasn’t expecting IP1 to run 100%+ within a few days. I need to be prudent and lock in some gains and free carry due to the unsuspecting volume and gains. I …

The $50k Challenge – Update 2

Update 2 – 30 July 2019 Stock Code: IP1 Shares Purchased: 454,545 Share Price: $0.022 Reason for Buying: 1) All 3 directors have significant holdings in the company 2) Major shareholder took his full placement in the last raise. 3) Low market Capitalisation and Enterprise Value 4) Payment systems is a hot sector with numerous multi baggers in the last …

penny stock

Penny Stocks Investing in 2020

Investing in Penny Stocks is hard! Growing up Tony Robbins was my idol. A few years ago I came across an article where Tony shared his “worst financial mistake”: “When he was 25 and living in Marina Del Rey, California, Robbins met a wealthy woman driving a Rolls Royce through an upscale neighbourhood, he told Reuters during a 2016 interview. …

When To Walk Away From The Rat Race – How Much Money Is Enough?

This article is written by a prominent FIRE and Finance independence author. Feel free to reach out directly to him @Route2FI on Twitter, Facebook or email me at post@route2FI.com Is the rat race self-imposed? Many people struggle with money. We don’t have enough, we don’t earn enough and we can’t pay for the things we want in life. Our first …

50k challenge

The $50k Challenge – Update 1

July 17, 2019 The $50k Challenge is officially launching today with the first stock being purchased. Stock Code: OVL Shares purchased: 2,000,000 Share price: 0.005 Reason for buying: 1) Recent acquisition is in a hot sector (rare earths) with very favourable terms.2) Small raise just completed at a 50% premium to the market price. This makes me think they could have raised much more …

The $50k Challenge!

I have officially kicked off the $50k Challenge and started investing $50,000 in the share market with live buys and sells. This will ensure complete transparency through this experiment. I will also be providing brief reasons for buys and sells as I go. To make the updates easy to follow I have created a $50k Challenge page on my site …

property investment

Property Investment – How to Make a Million Dollars

My venture into the property investment market started in 2008. My parents had invested in numerous properties throughout their lives, so growing up in that environment I had always wanted to purchase a house as soon as I could afford it. The area in Sydney which I was looking to buy in had a medium value of about $400,000 and …

bottom drawer

Cutting your losses is liberating

I thought I would share a short post on a very important subject. It’s not short because I don’t have time, rather it’s short because the message is simple. The word “bottom drawer”, or the place where stocks go to gather dust, should not exist in your vocabulary. If you purchased a stock that turned against you and you held …