|Oct. 31. An absolutely unbelievable month for the Jamaican Stock Market. Unlike most other markets around the world, it had stubbornly refused to get back to pre-recession levels. Well, this month we blew past that marker in spectacular fashion, and also rushed past the all time high of April 2005. A major spark was a buyout by an International Company of a local for over four times its traded price. Fortunately, I had some units in my long term Account. Unfortunately, it was my most lightly weighted stock (Company F) in that Account. Still, pocketing an additional gain of over US$ 19k on just ONE stock in just a couple weeks is nothing to sneeze about. This event had a massive ripple effect as a wave of euphoria swept the market. I kept unloading as target prices were hit in my (very inactive) Trading Account. I expect to continue doing this in November as everything strongly suggests that the Rally still has fresh legs.
On another note, I'm still struggling to get earnings up to desired levels post-July. This, of course, has strangled liquidity and I remain completely out of cash (Trading gains go elsewhere). I'll be using every ounce of strength in every sinew of my body to try to turn this around in the last two months of the Year.
I did manage a S&I rate of 32.14% this month. This now stands at 46.89% Y-T-D. Passive Income came in at $2,639.35, taking Y-T-D P.I. to $14,943.67 - 99.62% of Full Year target.
"OTHER" is that high because trading gains are parked awaiting transfer to a fixed income Fund.
I have now decided to keep all my US currency holdings (which received a nice boost this month) together under "ANNUITIES". I aim to get this to 200k or 20% of total assets(whichever is more) by the summer of 2018.
I have now started an Account for the purpose of funding my venture into (Social) Entrepreneurship which is expected to include the purchase of Rural agricultural land. This is noted under "OTHER REAL ESTATE".
The six month period October 1, 2015 - March 31, 2016 is absolutely critical to my march towards Financial Independence. It has started out on a rather encouraging note.|