I have decided to move some of my investments around. Currently the vast majority of my savings are in a Real Estate based mutual fund. I’m going to transfer up to half of that money into an upcoming project with the firm I work with. The project has an annual return of 24% (annually) and should take around 200 days to complete. That will entitle me to roughly an 18% return.

This is the first time I’ve invested in a project from FuGro Investments Inc. but I’m excited to be apart of the opportunity. Although I was planning to joint venture on a student house, I have be unable to find a partner (and it may not even work since there is a possibility that I would move after graduating). I’m a little disappointed that I was unable to purchase a first property, but I believe that investing in this project will be the best move for me.

I’ve noticed that I’m a bit behind where I’d like to be for total investments this year. It can mostly be attributed to not working a 40hr work week throughout the summer, hopefully my entrepreneur projects can help to offset that.

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Filed under: Investments, Portfolio Income, Real Estate, Saving