100 Days Of Financial Independence (Round 1)

Main Commitment: I will learn or practice trading stocks and options to get dividend.

Start Date: 2018-10-28

Background

I finished reading the book Rich Dad and Poor Dady on 2018-10-28, and suddenly wondered how much money was needed to get enough stock dividend to cover living cost.

After extensive research online, some blogs tracking the progress of accumulating dividend convinced me that the idea was doable.

Ultimate long-term financial goal: Finance Independence

This challenge will help me develop the routine to follow stock market closely and train myself to trade insanely reasonably.

http://dsfi.yingjiehu.com tracks dividend progress.

Rules

  1. I will study/practice/write trading/draw lines for stocks every day.
  2. I will track my progress here and push to GitHub.
  3. I will only skip a day if something important comes up. And when I resume, I won’t count the day I skipped as one of my 100 days.

Milestones

  1. 1 Day (Day 1: 2018-10-28 Sunday)
  2. 7 Days (Day 7: 2018-11-03 Saturday)
  3. 30 Days (Day 30: 2018-11-27 Tuesday)
  4. 60 Days
  5. 90 Days
  6. 100 Days

Some important additional considerations

  • Don’t skip two days in a row, and try not to skip more than 1 day in 2 weeks.

Template for Log

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### Day :

**Time spent**:

**Today's Progress (achievements and frustrations)**:

**Thoughts and Emotions:**

**Tomorrow's plan**

<hr>

Log

Day 1: 2018-10-28 Sunday

Today’s Progress (achievements and frustrations):

  • Finished reading book Rich Dad and Poor Dad

Thoughts and Emotions:

The book is inspiring. I want to build passive income.


Day 2: 2018-10-29 Monday

Today’s Progress (achievements and frustrations):

  • Read Rich Dad Poor Dad
  • Read review of Dad Poor Dad in zhihu, Amazon, goodreads, and Quora

Thoughts and Emotions:

This is a milestone. Today is the first day to search stock dividend.


Day 3: 2018-10-30 Tuesday

Today’s Progress (achievements and frustrations):

  • Synthesized information about stock dividend
    2:55:07
  • Searched information about stock dividend
    1:52:41

Thoughts and Emotions:

The second day to search. I collected a lot of information yesterday and need to synthesized the information.


Day 4: 2018-10-31 Wednesday

Today’s Progress (achievements and frustrations):

  • Synthesized information about stock dividend 6 hours

Time spent: 6 hours!!!

Thoughts and Emotions:

Synthesizing information requires more brain power to read and collect information.


Day 5: 2018-11-01 Thursday

Today’s Progress (achievements and frustrations):

  • Searched how to reduce the cost basis of stocks
  • Wrote R code to download dividend
    1:56:55
  • Wrote R code to calculate dividend
    0:20:35
  • Searched alternative to Robinhood
    0:18:38
  • Applied for a new robinhood account

Thoughts and Emotions:

Using R to analysis stock information is connecting with what I learned about R. It made me feel good.


Day 6: 2018-11-02 Friday

Today’s Progress (achievements and frustrations):

  • Searched automatic trading
  • Saw candlestick of stocks
  • Input robinhood transaction to csv

Thoughts and Emotions:

  • Automatic trading is time consuming and is easily broke. My goal is to get dividend.
  • I haven’t read candlestick graphs for a long time for two years. It is not hard to read them.
  • The total working time is 9 hours!!

Day 7: 2018-11-03 Saturday

Today’s Progress (achievements and frustrations):

  • Read 100 dividend blogs
  • Wrote R code to calculate the yearly/monthly cost basis of stocks
  • Selected dividend stocks and input into OmniFocus
  • Built a wordpress blog to track progress http://dsfi.yingjiehu.com

Thoughts and Emotions:

I worked for long hours again.

There is a website listing 100 blogs related to use dividend to achieve financial independence. I read all blogs one by one and saved valuable blgos to reread in the future.


Day 8: 2018-11-04 Sunday

Today’s Progress (achievements and frustrations):

  • Read blogs saved in Feedly again and deleted some
  • Continued to Select dividend stocks and input into OmniFocus
  • Write R code to calcluate ratio and order by ratio decreasingly. A milestone!

Day 9: 2018-11-05 Monday

Today’s Progress (achievements and frustrations):

  • Edit WordPress blog
  • Create Milestone page
  • Write About page
  • Search ETF
  • Read other people’s dividend income
  • Edit R code because dataset is changed

Time spent: 10 hours 13 minutes

Thoughts and Emotions:


Day 10: 2018-11-06 Tuesday

Time spent: 9 hours 3 minutes

Today’s Progress (achievements and frustrations):

  • Checked newly bought USAC
  • Input stock transaction
  • Connected wordpress on iPad
  • Change sidebar milstone and milestone table
  • Wrote strategy
  • Read usac,why share price goes down
  • Clarified stock notes
  • Edited the milestone achieved
  • Wrote strategy
  • Read book: Mad Money by James Cramer

Thoughts and Emotions:

Another full time working


Day 11: 2018-11-07 Wednesday

Time spent: 4 hours 43 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blogs
  • Searched Chinese dividend stock
  • Read stocks
  • Input stock transaction
  • Made plan for USAC
  • Searched Automated trading on Quora
  • Selected dividend stocks

Day 12: 2018-11-08 Thursday

Time spent: 9 hours 34 minutes

Today’s Progress (achievements and frustrations):

  • Selected dividend stocks
  • Read FI blogs
  • Input stock transaction
  • Read news saved from feedly
  • Collected FI blog

Day 13: 2018-11-09 Friday

Time spent: 9 hours 29 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blogs
  • Read seekalpha
  • Read book: Rich Dad’s cashflow quadrant
  • Searched monthly dividend stocks
  • Calculated stock transaction
  • Input stock transaction
  • Rethought milestones & Edit milestone page
  • Searched Arichive page WordPress plugin
  • Searched and download options book
  • Searched how to embed google sheets in WordPress
  • Created Google Sheet for Roth
  • Calculated by month

Thoughts and Emotions:

The work is longer than I expected.


Day 14: 2018-11-10 Saturday

Time spent: 8 hours 56 minutes

Today’s Progress (achievements and frustrations):

  • Created Google Sheet for Roth
  • Read FI blogs
  • Wrote posts
  • Searched good Technology Dividend Stocks
  • Clarified notes about stocks
  • Searched ETF to buy
  • Searched stocks of high volatility
  • Wrote R code to get beta

Day 15: 2018-11-11 Sunday

Time spent: 1 hour 26 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blogs
  • Look for practicing options online for free
  • Search financial independence stock options
  • Read blog and posts about options

Day 16: 2018-11-12 Monday

Time spent: 9 hours 8 minutes

Today’s Progress (achievements and frustrations):

  • Learned how vanguard sells call options
  • Searched sell put options
  • Read FI blog
  • Input options
  • Input stock transaction
  • Wrote posts

Day 17: 2018-11-13 Tuesday

Time spent: 2 hours 26 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Studied buy put

Day 18: 2018-11-14 Wednesday

Time spent: 1hour 34 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Set sell price
  • Searched interactivebrokers
  • Searched finbox

Day 19: 2018-11-15 Thursday

Time spent: 1 hour 18 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Read stocks
  • Input stock transaction

Day 20: 2018-11-16 Friday

Time spent: 5 hours 32 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Input stock transaction
  • Draw graphs

Day 21: 2018-11-17 Saturday

Time spent: 7 hours 5 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Draw graphs
  • Search American bonds

Day 22: 2018-11-19 Monday

Time spent: 1 hour 43 minutes

Today’s Progress (achievements and frustrations):

  • Buy stock
  • Read FI blog
  • Clarify stocks in OmniFocus
  • Draw graphs

Day 23: 2018-11-20 Tuesday

Time spent: 4 hours 48 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Input stock transaction
  • Buy stock
  • Draw graphs

Day 24: 2018-11-21 Wednesday

Time spent: 6 hours 22 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Draw database for stocks in Google Sheets
  • Search stocks
  • Draw graphs

Day 25: 2018-11-22 Thursday

Time spent: 9 hours 17 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Draw graphs
  • Search stocks

Day 26: 2018-11-23 Friday

Time spent: 7 hours 19 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Buy stocks
  • Draw graphs

Day 27: 2018-11-24 Saturday

Time spent: 9 hours 07 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Read stock news
  • Input stock transaction
  • Create Google Sheet
  • Apply for Interactive Broker
  • Enable Vanguard drip
  • Search webull
  • Draw graphs

Day 28: 2018-11-25 Sunday

Time spent: 8 hours 22 minutes

Today’s Progress (achievements and frustrations):

  • Search JP morgan broker
  • Search stock
  • Read FI blog
  • Search free of cost strategy
  • Search webull
  • Read Options blog
  • Watch Youtube: exercise options
  • Calculate Options
  • Create Google Sheet
  • Edit posts
  • Edit Strategy
  • Draw graphs

Day 29: 2018-11-26 Monday

Time spent: 3 hours 14 minutes

Today’s Progress (achievements and frustrations):

  • Input stock transaction
  • Search stocks
  • Calculate Options
  • Check interactive broker
  • Draw graphs

Day 30: 2018-11-27 Tuesday

Time spent: 4 hours 47 minutes

Today’s Progress (achievements and frustrations):

  • Consider to buy stock
  • Input stock transaction
  • Read FI blog
  • Apply for Interactive Broker
  • Search stocks
  • Edit Google Sheets
  • Calculate Options & Order
  • Read Q3 2018 Target Corporation Earnings Conference Call
  • Write post

Day 31: 2018-11-28 Wednesday

Time spent: 6 hours 17 minutes

Today’s Progress (achievements and frustrations):

  • Draw graphs
  • Read FI blog
  • Consider to buy stock
  • Search Japanese dividend
  • Consider to sell stock
  • Add explanation for contribution
  • Add cost basis
  • Edit image links
  • Edit stocks’ goal @OmniFocus
  • Collect stocks of weekly options
  • Write post

Day 32: 2018-11-29 Thursday

Time spent: 7 hours 13 minutes

Today’s Progress (achievements and frustrations):

Progress Length of Time
Check interactive broker 0:06:13
Consider to buy options 0:18:20
Consider to sell stock 0:12:22
Edit Google Sheets: summary sheet 0:28:44
Edit milestone progress 0:11:54
Edit weekly options 0:13:29
Read FI blog 0:38:20
Search for Weekly Options 2:09:30
Style Google Sheet contribution page 0:11:15
Draw 0:36:25
Draw 2:06:33

Day 33: 2018-11-30 Friday

Time spent: 4 hours 52 minutes

Today’s Progress (achievements and frustrations):

Progress Length of Time
Consider to buy options 0:29:50
Consider to buy stock 0:06:09
Input stock transaction 0:21:11
Learn closer fund 1:23:53
Read FI blog 0:16:18
Read Google Sheet 0:39:02
Search: reduce cost basis of stock 0:17:43
Draw 1:18:33

Day 34: 2018-12-01 Saturday

Time spent: 3 hours 34 minutes

Today’s Progress (achievements and frustrations):

Progress Length of Time
Edit Google Sheets 0:28:49
Read FI blog 1:42:41
Style Google Sheet 0:04:18
Write post 0:13:30
Draw 1:05:19

Day 35: 2018-12-02 Sunday

Time spent: 8 hours 15 minutes

Today’s Progress (achievements and frustrations):

Progress Length of Time
Consider to buy stock 1:48:12
Edit Google Sheets 0:09:55
Input Vanguard dividend 0:31:09
Read FI blog 0:23:24
Read The DRiP Investing Resource Center 0:19:16
Search stocks 1:10:12
Learning Chan 0:15:04
Draw 3:00:42
Draw 0:37:13

Day 36: 2018-12-03 Monday

Time spent:

Today’s Progress (achievements and frustrations):

Progress Length of Time
Consider to buy options 0:11:47
Consider to buy stock 0:29:23
Draw database for stocks in Google Sheets 0:35:49
Input stock transaction 0:25:11
Read FI blog 0:03:47
Search stocks 1:40:05
Select stocks according to 11 sections 1:38:06
画笔 0:24:04

Thoughts and Emotions:

I finally had an idea how to diversify a portfolio. There are 11 sections in the U.S. stock markets. Each section will have 10 stocks. Each stock will produce $\$$400 annual forward dividend.

The total annual forward dividend will be

$\$400 \times 11 \times 10 = \$44000$

Tomorrow’s plan

  • Continue to select stocks

Day 37: 2018-12-04 Tuesday

Time spent: 9 hours

Today’s Progress (achievements and frustrations):

Progress Length of Time
Clean saved stocks 4:16:46
Consider to buy options 0:08:21
Consider to buy stock 0:39:26
Draw database for stocks in Google Sheets 0:07:08
Edit goal 0:13:23
Edit Google Sheets 0:06:06
Input stock transaction 0:18:32
Read FI blog 0:49:53
Select stocks according to 11 sections 0:16:19
Write dividend post 0:01:42
Learn Chan 0:29:22
Draw 0:12:28
Draw 1:20:37

In summary, the biggest achievements were to select stocks in 11 sections and to calculate how many shares needed to generate $\$400$ annual forward dividend.

Thoughts and Emotions:

Time-consuming and tired. I am happy that I figured out how to achieve diversification. However, I am still confused when to buy stocks to acquire sufficient shares.


Day 38: 2018-12-05 Wednesday

Time spent: 3 hours 37 minutes

Today’s Progress (achievements and frustrations):

Progress Length of Time
Clean saved stocks 0:42:28
Search social security tax 0:12:14
Set mailchimp to send new updates 0:11:17
Draw 0:20:56
Draw 2:11:48

Day 39: 2018-12-06 Thursday

Time spent: 4 hours 11 minutes

Today’s Progress (achievements and frustrations):

Progress Length of Time
Check interactive broker 0:04:12
Clean saved stocks 0:28:39
Edit goal 0:08:38
Input stock transaction 0:07:50
Read FI blog 0:20:57
Search stocks 0:17:53
Select stocks according to 11 sections 2:04:33
Draw 0:39:03

Thoughts and Emotions:

It has been a week that Interactive Broker did not finish reviewing my application.

Because of Meng Wanzhou’s arrest in Canada, the stock market dropped a lot. Luckily, I did not buy much.

I am worried about whether the sold put option of T (AT&T) and BBBY (Bed Bath&Beyond) would be executed.

Tomorrow’s plan

The limit order to sell stocks have setup. I can do nothing but wait.


Day 40: 2018-12-07 Friday

Time spent: 3 hours 26 minutes

Today’s Progress (achievements and frustrations):

Progress Length of Time
Clean saved stocks 0:11:52
Consider to buy stock 0:06:38
Edit Google Sheets 0:12:23
Input stock transaction 0:37:26
Read FI blog 0:11:45
画笔 2:06:55

Thoughts and Emotions:

In the morning, ET was sold automatically because of a limit order. In the afternoon, I decided to buy back because the whole stock market fell again.

It made the basis cost of 100 shares of ET reduced from 14.25 to 13.98. Awesome!

Tomorrow’s plan

Think about a plan to reduce the basis cost of stocks.


Day 41: 2018-12-08 Saturday

Time spent: 1 hour 36 minutes

Today’s Progress (achievements and frustrations):

  • Read FI blog
  • Draw

Day 42: 2018-12-10 Monday

Time spent: 9 hours 27 minutes

Today’s Progress (achievements and frustrations):

Progress Length of Time
Consider to buy stock 0:10:58
Edit Google Sheets 1:10:46
Input stock transaction 0:28:30
Read FI blog 0:29:12
Draw 7:08:23

Thoughts and Emotions:

A long time of the drawing.

I calmed myself to draw.


Day 43: 2018-12-11 Tuesday

Time spent: 4 hours 1 minute

Today’s Progress (achievements and frustrations):

Continued to draw!!!!

Progress Length of Time
Apply for options in Interactive Broker 0:20:56
Consider to buy stock 0:42:57
Input stock transaction 0:06:42
Read FI blog 0:06:38
Draw 2:44:06

Day 44: 2018-12-12 Wednesday

Time spent: 9 hours 18 minutes

Today’s Progress (achievements and frustrations):

Progress Length of Time
Consider to buy stock 0:41:29
Input stock transaction 0:13:38
Draw 中枢 0:30:53
Draw 段 2:10:52
Draw 笔 5:41:16

Thoughts and Emotions:

Finally, I finished drawing over 100 graphs!!!!


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