July 24th, 2017. Monday.

I went to a seminar last saturday. It was about investing in Wall Street stock
exchange market. I learned a great deal, and got over excited about it. But at the same time,
I felt shame. Why? Because I realized it was over 5 year ago that I begun investigating about
stock exchange markets, and though my active income (salary) got increased tenfold in this
time period, I haven't invest not a single penny in the stock market.
All knowledge without action is wasted.
Over the past five years I have increased my income ten times. But I also increased
my debt, with a mortgage and a loan to pay for a car. I decided to spend my money in trips,
fancy dinners, luxury items, electronic devices, online video games, etc. Even Though I
knew, by reading Robert Kiyosaki and others, that I was walking right into a trap.
But no more! This past weekend was a wakeup call. I am decided to create an action
plan to make sure I achieve my ultimate goal in life:
“to be financially free so I can dedicate my time to my family, to write books, to
practice martial arts, and to travel around the world with my wife”.
So my action plan, in broad terms, is as follow:

a. Become an active stock market trader.

i. I will begin by reading a book called How to Make Money in Stocks
ii. I will then read as much as I can in ​www.stocktrader.com
iii. I will open an account with an online broker
1. Need to research on how to choose the right online broker.
iv. I will enquire in my country what type of taxes do I need to pay.
v. I will enquire with my bank what are the fees to send and receive money from
an online broker.
vi. I will enquire in my country the benefits of creating a company to do my
investments.
b. Reduce my debt.
i. Mortgage + Car Loan + Credit Cards.
c. Use at least a 10 percent of my salary to invest.
i. This is equal to $ 150 USD monthly.
d. Only buy luxury items with earnings from my passive income aka investment earning.
e. Achieve Financial freedom.
i. I will consider myself financially free once my monthly passive income
becomes 10% higher than my monthly expenses.

This is only a first iteration of my action plan. It will be reviewed and changed
according to the knowledge and experience I will be acquiring in the future.

July 25th, 2017. Tuesday.

So yesterday I found a book called “Swing Investing for Dummies”, I feel high hopes
on this one since it has a focus on strategies. Deciding when to buy, when to sell is not the
most important part. But rather focusing on risk management and protocols when you lose
money.
 On other subject, I found a website with good resources for a begginer
www.stocktrader.com​, however it's only for my beginner face. The owner of this blog has
stated he is not a full time trader and he only do it as a hobby. His main revenue is his
website.
My main goal for this week will be to select an online broker and open an account
with them, to see what tools to practice they offer. I would need to select a broker that
doesn't force me to add money to my account right away.
Second goal would be to go to either DGI or my bank to enquire about the taxes and
the fees for investing in Wall Street, It will be ok though if I leave this secondary goal for the
next week.
Things I learned today
One of the first points to make when thinking in becoming an investor ( a swing trader
more specifically) is how much time per day you can dedicate to it. If I keep my full time job, I
may be able to watch the market during the day but I will rely on orders placed outside
market hours to enter or exit my positions.
Another good point, and this is something several authors have stated in different
books, is that swing trading for a living is not actually financial freedom. It’s both time
consuming and stressful, especially with your only income comes from it. Instead I must use
trading as a way to generate income to later invest in real estate or position trading (like
Warren Buffet).
A trading plan is the business plan of your trading business.
Options are a risk and not efficient to swing trading due to their illiquidity.

Julio 26, 2017. Wednesday.

After several hours of research, I’ve decided to open an account with

www.interactivebrokers.com​, they offer cheap commissions and are reliable enough to be
chosen by Invercasa Puesto de Bolsa. On their website, they said I will need to provide
some paperwork plus my account number and routing number, I need to check with my bank
about the security of doing so.
A secondary option I’m researching is to work with Invercasa Puesto de Bolsa, since
they operate within my country it could make my life easier and still invest in wall street. I
already set up an appointment with one of their sales agent to inquire about their
commissions and requirements to open an account. It's highly possible though, that the cost
of operating with them would be significantly higher than to use interactive brokers on my
own.
There is a cost of sending money to my brokerage account in USA and back to my
local bank. I need to inquire about this cost. If the the fees from interactive brokers + fee
from my bank are equal or higher than the fees from Invercasa, I may end up using the later
service.
I wish I could afford to pay for the upcoming course on investing.

July 27, 2017. Thursday.

I will not be able to open an account with ​www.interactivebrokers.com they request a

minimum amount of 10K USD to open an account with them. I may end up using TD
Ameritrade.com but they charge higher fees. At least in their website I verified they accept
Wire Transfers from all over the world, both the add funds and withdrawal can be done
through a wire transfer.
So far, I haven't receive an answer from Invercasa, if this goes on, I will visit them in
person next saturday.