📈Stock Market Portfolio Weekly Update📈 26Dec2020

It’s been a while since I posted my stock market portfolio updates on here for you all.

It’s something I was doing mainly on Twitter and in my Private Stock Group in a lot more detail.

But I want to start summarising these for you on a weekly basis to help those of you see how to properly manage a portfolio and invest for long-term gains!

So, let’s get into it

Start point vs end point

Start point: £8,494
Vs
End point: £ 8,269

🔻£225 for the week!

But the last few months have been so incredible, this small dip during the holiday trading period is not a concern to me at all!

This is reflected in the insights in the next image…

Insights

The portfolio is up 67% for the year!

Vs the 15.99% return of the global market for the same time period.

This is extremely good performance!

I’ve outperformed the market by around 4 times!

Something I was told I would never be able to do… 🤷‍♂️

Account activity

I sold two of my positions:

  • £MSCH
  • £LSE.L

There were a few reasons, but mainly it was to consolidate my total No. of holdings, take profits and divert the funds to some positions that I see major upside in over the next 2-3 years.

I then increased my holdings in $BYND & the Global Clean Energy ETF.

If you’d like to see my complete list of holdings, every stock I own, as well as:

  • Weekly updates 3 days sooner than this ☝️
  • Live trade alerts
  • Rapid Stock Overviews
  • Dividend Stock Room
  • Beginners tips
  • 24 hour access to me & other investors

Join my Private Stock Group

50% OFF for 3 more days 👇

You can sign up for just £3.49/month for the rest of December

It’s your last chance to join at this price.

In January, the price goes up to £9.99/month.

Click the image below to reserve your place now.

Thanks for checking out this weeks update.

Make sure you subscribe so you don’t miss the next one!

If you’d like to learn the strategy in use to find winning stocks like these ☝️

So you can build your own winning portfolio

I’ve laid out my strategy for you, step-by-step here 👇 and there’s 50% off this guide for the rest of December, too!

Yours for just £12.50 until the 1st Jan!

Speak soon,

FSD

MERRY CHRISTMAS 🎄

I just hit over 100 subscribers to the blog and nearly 1,100 followers on Twitter!

Thank you for following me on this journey and trusting in my content.

Early in 2020 I decided I wanted to help others grow their net worth, learn how to invest and achieve financial freedom!

Fast forward to December and I have over 1,200 following my content, 60 combined purchases of my two ebooks, 7 Simple Steps.. & The Investor’s Quick-Start Guide AND nearly 20 subscribers to my Private Stock Group!

All with ⭐️⭐️⭐️⭐️⭐️ ratings!

I feel truly blessed to be in this position .

To say thank you, I am running a one off sale on my Ultimate Wealth Bundle

You can pick up BOTH of my 5⭐️ ebooks (normally £52.99 when sold separately)

For just £25!!!

Click the image below or here —> ‘I want this!’

That’s a saving of over 50%!

This is limited to just 10 purchases, so don’t hang around!

Give yourself the gift of long-lasting wealth this Christmas and build a successful stock market portfolio in 2021.

Thank you for an amazing 2020!

I’ll speak to you again next year!

FSD

Another Good Call!

I’ve been building a Private Stock Group.

Somewhere people could join for exclusive insights into my portfolio, including:

  • Weekly Portfolio Updates
  • Live Buy & Sell Alerts
  • Rapid Stock Overviews
  • Dividend Stocks Alerts
  • Tips for Beginners
  • 24 hour access to me and other experienced investors

And much, much more!

I wanted to share with you some of the returns that the members of this group will have seen since I began sharing buy alerts with the group (notifications of stocks I’m buying, as and when they happen)

First up, $JMIA (Jumia)

Jumia has been dubbed ‘the African Amazon’.

Since posting a buy alert for this stock, the price has shot up >68%!

$RVLV (Revolve)

Revolve is a fashion company that operate ecommerce sites for luxury fashion goods.

I noticed their price had been dragged down with the rest of the stock market early in the pandemic.

What Wall Street had failed to notice, was this was an online retailer…

Sure enough, shoppers flocked to this site, and many others, and they were one of the many companies whose share price shot up in the months following April 2020.

Since I shared the buy alert in the stock group, the position has risen a further 50.82%!

$UPWK (Upwork)

Upwork offer the opportunity for freelancers to sell their skills online, With 12 million freelancers and 5 million employers signed up so far!

Needless to say, as the pandemic ravaged the global economy, many of those who lost their jobs or who were put on furlough sought out online services like this to bring in some much needed additional income.

Of course, all this extra money flowing through their business done great things for their share price.

Since posting the buy alert for this position, the stock has risen 107%! And i saw this one slightly late if anything!

$SFIX (Stitch Fix)

I LOVE Stitch Fix as a business.

They offer a fashion subscription service that uses AI (Artificial Intelligence) to learn what clothes you like to know what clothes to send you.

Whatever you like, you keep and pay for. Whatever you don’t like, you send back!

So, with a computer picking more of the clothes you like with each shipment, they’re going to get it right more often than they get it wrong and have you digging into your pockets to keep those awesome threads!

Genius!

Since posting the buy alert for this company, the price has risen 114%!

Summary

These are just 4 examples over the course of a month or two.

The best part?

Membership is only £7.99/month. And you can lock in this price FOR LIFE.

Because, the price goes up at the end of April.

If you’d invested just £1 in each of these positions, you’d have made your monthly subscription fee back nearly 2 times over!

So don’t delay, there are only 4 more spaces available at this price.

Click the image below to sign up 👇

If you’re getting value from these posts and want to support this blog, subscribe below to join the FSD notification squad to get new posts straight to your inbox! Thank you!

Monthly Report #8 – November 2020

It’s that time of the month where I disclose my finances to you in full and update you on my progress towards achieving financial independence and early retirement.

But first off, I have to apologise!

I completely skipped a month on these reports (October 2020). The reason is, we moved house in October and there was large sums of money flying around our accounts like nobody’s business which made all the numbers look completely skewed.

It also meant that we had no mortgage payment for a whole month while we were between paying off the last mortgage with the sale of the house in October, and waiting for the first payment to be taken at the beginning of December.

There’s still a few other outliers in here, which I’ll point out. But last months was just crazy, so I just skipped it.

As you go through this monthly report, you’ll see snapshots of the spreadsheet I use to:

  • Track my expenses
  • Estimate my retirement expenses
  • Work out my FI number (amount of £ needed to leave the 9-5)
  • Track debts
  • Track savings
  • Track asset & equity
  • Track my net worth

See here for a copy. My readers get 20% off! 👇

So, without further delay, here’s the monthly update for November 2020

Expenses for November

Quite a few differences from last month’s report.

Namely, out mortgage amount. I’ll be mentioning this a few times throughout, but anyone that’s been following these updates know’s that we’ve just moved to a bigger house. I won’t get into the reasons here, you’ll have to read the previous reports for that.

Obviously, being a bigger, nicer house in a far nicer area, it costs more. We’re fortunate enough to be extremely hard workers and very good savers and have been able to settle into our forever home at the age of 30.

The decision wasn’t taken likely, of course. It’s a fair sized mortgage. But, the quality of life that not only the house, but this area affords us is worth every mortgage payment!

No, money can’t buy happiness. But hard work, and financially savvy decisions have granted us the freedoms to enjoy our new home and location.

You can also see that our living costs table is full of zero’s and odd amounts. This is just where we’ve been going through the process of switching to new providers for utilities and other services at the new property and either haven’t been billed yet, or been billed extra for ‘set-up’ costs, like with our internet for example. It definitely is NOT £46/month!

I’m also not entirely sure how we managed to spend £780 on food shopping last month… I think this is a slight glitch in Yolt, the tracking app I use. It wasn’t linked to my credit card so was just picking up the payments I made to it (which there are a lot of). I’ve obviously lost track of what payment was for what purchase and some non-grocery spends have ended up in there.

Definitely has NOTHING to do with the few trips we made to M&S for some posh grub! 🙄

Retirement Estimate

Anyone who’s read my previous reports knows that I work out my FI number using the expenses from the previous section and adjusting for retirement lifestyle (no mortgage & loads of holidays).

Not a huge amount to say on this one, but I’m definitely ahead of target on the worst-case 12% return for my personal investments.

As I’m currently up >50% for the last year.

If I keep that up, I’ll be retiring even earlier than planned!

Actual Savings

LOVING the trajectory of this chart. The pension investment growth is looking healthy!

You can see I’ve added a new line in the Non-pension savings table called, GIA.

This is to track the contributions we’re making to our General Investment Account which is also connected to the purchase of our house. We took advantage of a government scheme, available in the UK called, Help to Buy.

You can borrow up to 20% of the properties value from the government which is interest-free for 5 years!

After 5 years, you either start paying a huge amount of interest and rent on the loan, or, you pay the loan off. Either with cash, or by selling or remortgaging your house.

A lotta people in the UK don’t prepare for this. They’re taking out HUGE loans from the government with no plan for how they will repay, not considering the fact that remortgaging in 5 years time isn’t that straight forward. As you’ll have 5 working years less to take the new mortgage out for.

So, if you borrowed 20% of a £500K house, you have to find that £100K to pay the loan back. the odds are, it might not be as easy as simply adding that £100K to your mortgage when you 5 years older and cannot increase your term. It means your monthly payments will sky-rocket. That, or you just have to sell the house, give the gov. back what they’re owed, and downsize.

Oh, and I forgot to mention… what you pay back is not the original loan amount. It’s the % of the properties value you borrowed. So if that £500K house you bought is worth £550K after 5 years, yep! You gotta find ANOTHER £10K!

But, it works both ways. If the property value decreases, you don’t have to pay back as much!

So, how are we not getting reared by the government on this?

Simple. Because we could afford the mortgage without the help to buy loan if we wanted to. But why would we borrow money and pay interest on it when the government is offering to give us a huge contribution loan, interest-free for 5 years!

Think about it.

We borrowed around £64,000 from help to buy.

If that was on our mortgage, we’d e paying 1.89% interest on it.

Instead, we’re paying around £700/month into an investment account and placing it all in an S&P500 ETF, which should yield between 9-12% over that 5 year period…

Makes sense, right?!

House Equity & Assets

You can see, the house value has taken somewhat of a dramatic jump compared to the previous property.

And yes, that outstanding balance includes the help to buy loan I mentioned above.

The other adjustments here are where I’ve had our cars formally valued. Much to my amusement, they’re worth MORE than I had estimated.

I’ll take that!

Debt

Brace yourselves…

Now, admittedly this doesn’t look great! Our debt load has jumped by £150k 😥

However! This is all down to the house. And, as I mentioned before, the quality of life we have here is worth every penny.

Not to mention the fact that we’re both doing well in our careers are more than comfortable with the mortgage payments we have.

The plan for early retirement has NOT been impacted. That’s the main thing here.

Sure, i could retired a few years earlier if we’d stayed in the old house. But we got to a point where we f*cking hated that house. So, I’m not sure it would have been worth it.

There’s a lot to consider when planning your journey to early retirement. The sacrifices one person is willing to make will be different to those others make.

Everyone’s journey is unique.

Net Worth

And this is the important part. The new property hasn’t negatively impacted my net worth.

In fact, it’s boosted it slightly due to the bargain we got on the new house.

It’s also been boosted by my investment returns, which I mentioned are pushing >50% for the year now.

If you want to find out more about my Stock Market Investment Strategy, you can check out my ebook, The Investor’s Quick-Start Guide by clicking below 👇 (As above, my readers get 20% off!)

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Monthly Report #7 – September 2020

It’s that time of the month where I disclose my finances to you in full and update you on my progress towards achieving financial independence and early retirement.

I hit a pretty major milestone this month, which I’m incredibly excited about and extremely proud of! But I’ll get onto a bit later in this post.

As you go through this monthly report, you’ll see snapshots of the spreadsheet I use to:

  • Track my expenses
  • Estimate my retirement expenses
  • Work out my FI number (amount of £ needed to leave the 9-5)
  • Track debts
  • Track savings
  • Track asset & equity
  • Track my net worth
  • Monitor online business income & outgoings (New feature!)

If you’d like a copy and the ebook, 7 Simple Steps to Financial Freedom, Click Here for 20% off TODAY ONLY.

Let’s dive in!

Expenses for September

One key change this month is our mortgage amount. This has gone up from £811 to £843. We had to move our product from a 2-year fixed to a tracker as we’re due to be moving house soon.

Being on the tracker mortgage with nationwide allows us to avoid the early repayment charges we’d have been facing with the 2-year fixed product which was coming to an end in November anyway.

Our living costs and luxuries are relatively steady looking at last months report, which is a great sign! But challenging nonetheless, with a rapidly growing 11-month-old in the house!

And it’s finally come to the end of our free internet period 😩 following my frugal super win, which you can read about here.

Retirement Expenses

No major change from last month’s estimated retirement expenses, I just adjusted down the energy costs based on the fact that our current costs are already much lower than this and we’re about to move to a new-build home which is built to new, efficient home guidelines.

The other change is an increase in groceries, as we’re seeing these increase quite substantially recently!

Retirement Savings

For more on how I calculate all of this, see last months post.

Essentially though, my investments continue to do very well and I’m very much on track for my early retirement at 48!

Actual Savings

Again, feeling VERY happy with the trajectory of this graph. To note – this graph only factors in my pension savings table from above, not the non-pension savings. These are for more cyclical events, like car maintenance and our daughters ISA.

We’re still being a bit naughty and have stopped paying into our emergency fund and car maintenance fund for the last two months. This is because we’re moving house soon and we had some gaps in the expenses involved in that which we had to make sure we could cover.

On top of that, my wife has been on unpaid leave after we extended her maternity leave. It’s been SO worthwhile, as it’s given us two more months together. It’s just had a temporary impact on our ability to save.

That leave ends this month though, and she’s expecting a full paycheck at the end of this month!

The small table on the right is just there to give me an idea of what my yearly income would be if I were to retire now and begin drawing down 4% on the amount I have saved.

It’s clearly nowhere near where it needs to be! But it’s certainly moving quickly in the right direction!

The only change this month is the increased equity after another monthly mortgage payment.

The house we’re moving to is substantially more expensive so I’m interested to see what this tab looks like next month!

I haven’t dared put in what I think the values are!

Debt

Still moving down!

Again, I’m interested to see what happens to this tab when we move into the new house with the new mortgage.

But generally, I’m loving the trajectory of this graph.

It’s one of the most impactful things I’ve done on my journey to financial freedom. Tracking my debts gives you that live feed of what you owe to other people!

Seeing the total is not nice! But that’s good!

It stops you ever wanting to add to that total.

And seeing it decrease like this month after month feels great!

Now…

This is the point I reveal that milestone I mentioned at the start of this post.

Online Business Income!!!

I’m officially making money from my online business!

That’s right, I had my first month of positive net income from sales of my ebook.

This is a huge milestone for me and something that seemed so out of reach for so long!

The best part is, it’s possible to scale this business model, almost indefinitely.

So this should have an extremely positive impact on my TRA (Target Retirement Age).

As with the rest of this information, I’ll be completely open and honest about my income from this business.

If you want to know how I built this business from my iPhone and started making money through my twitter account, send me a DM.

Net worth

Up to £134k now!

That’s an increase of just under £26k in 8 months!

I’m VERY happy with this!

That brings me to the end of this months report!

Thanks for checking it out.

To check out my ebook, Click Here

If you’re getting value from these posts and you don’t want to miss the next one, please make sure you subscribe below and check out my content on Twitter.

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Monthly Report #6 – August 2020

It’s that time of the month where I disclose my finances to you in full and update you on my progress towards achieving financial independence and early retirement.

Still some big changes and sums of money shifting around while we go through the process of exchanging on our new house and selling our current home.

As you go through, you’ll see snapshots of the spreadsheet I use to track my finances. Everything you’ll see is from the same spreadsheet that I personally built and formatted to work specifically to help me get out of debt, track my spending, assets, debts and net worth AND calculate when I could retire based on my savings, allowing me to plan my early retirement.

If you’d like a copy, and the ebook, 7 Simple Steps to Financial Freedom which talks you through each tab and all the ways you can maximise your financial potential Click Here for 20% off THIS WEEK ONLY!

Lets get stuck in, shall we?!

Expenses for August

Living costs and Luxuries dropped by around £200 vs July’s report , which is great! Also, expected as my wife is currently on extended maternity leave without pay. So we’ve cut back significantly.

It’s been a good test of how frugal and stringent we can be with money when absolutely necessary.

Although, our 10-month-old daughter’s clothes are getting a bit tight now…

STILL riding that free internet wave that came as a result of my frugal super-win you can read about here.

Fortunately, no vet bills this month either 😅

Retirement Expenses

For this tab, I basically take what my current expenses are from the previous tab and extrapolate out into this one based on what I think retirement will look like for my wife and I.

In summary, I’ve removed out mortgage and other debts, as we fully intend to be mortgage free during retirement.

I’ve also added on huge allowances for things like eating out, holidays and just making sure we have pocket money to do the things we want every month.

Moving to the right of the image, I’ve numbered the cells that I wanted to dive into in a bit more detail:

  1. This is the sum of the total yearly expenses for both my wife and I.
  2. I’ve then multiplied this by 1.25 to get a rough estimation for the combined, pre-tax income we’ll need in retirement to cover these yearly expenses.
  3. This is the pre-tax income required, divided between the two of us.
  4. I then multiply this by 25 to obtain my FI number which is my ‘perpetual money making machine’ (see The Trinity Study). This is the lump sum I need to have saved before I can retire. It will allow me to draw down 4% each year without ever running out of money.
  5. 4% of the FI number, which magically equals the number from point 3 🤯

So a couple of points, in case you were wondering:

Firstly, why am I accounting for only my FI number, rather than putting everything together in one spreadsheet and plan.

The reason is, my wife is a medical professional in the NHS in England and this institution has one of the last remaining great pensions schemes, which will be based on her average earnings over the course of her entire career.

We know for a fact that her pension income will be more than enough to cover ‘her half’, if you want to call it that.

There is the small issue that the she cannot access her pension before 55 without it impacting the amount she receives. However, her job is her passion and she wants to continue doing it for as long as she’s physically able.

The plan will be for her to reduce her house significantly at some point after I retire to give us the time we want to have together.

Secondly, you might be wondering how I can possibly withdraw over £25K per year without ever running out of money.

Here how:

I’ve gone to a compound interest calculator online and input the numbers from my spreadsheet: My starting balance (FI numer), the compounding rate of 7% (my pot of cash will be invested in the markets across equities and bonds. 7% is the worst possible case growth rate average out over the retirement period. Markets usually see normalised growth of 9-12% and above), the calculation period (assumes I’ll retire at 45ish and live another 45 years), and lastly, my monthy withdrawals (4% withdrawal rate divided by the 12 months of the year).

Ready to have your mind blown?

This is what will happen to my money:

Crazy, right?!

I’ll end up with nearly £6 MILLION, despite withdrawing nearly £26K per year!

Why don’t I live like a king and give myself a huge raise in retiremenet?

Because obviously I can’t predict what will happen in the markets during those 45 years.

As we know, things can get pretty crazy sometimes. So, this accounts for those years where I’ll be withdrawing from my fund even thought the markets are down 20, 30 or 40%.

But it goes both ways! If the markets consistently grow 12-15% for 3 years in the row, I may well give myself a pay rise, if I feel we need it!

This is means we can pass on a true legacy and ultimate financial freedom to our daughter!

This is how I’ve calculated the age at which I can retire.

I update it every month to ensure it’s accurate and accounts for when my portfolio is up, as well as down. This is to ensure I don’t retire too early, or worsae, work longer than I have to 😬

  1. Is the estimated value of my workplace pension at 57. This is the earliest point at which I can legally access this money. Which is a pain in the ass if you want to retire earlier than this, like I do!
  2. This is the estimated value of my personal investments, which are made within a tax-free wrapper called and ISA. This is what I’ll be reliant on to fill the gap between the age at which I wish to retire and when I get access to my workplace pension. I haven’t accounted for the state pension here, because god only knows if that will still be around by the time I get to 67.
  3. I needed to make sure the pot of cash in my ISA would cover me until I get access to my workplace pension at 57 and also leave enough of a remaining balance that the sum of this pot, plus my workplace pension still equals my FI number. So, number 3 is the outstanding balance at 57 if I begin taking withdrawals at 48 (9 years).
  4. I’m currently assuming I’ll have no additional income in retirement, but I’m working on a plan to make this happen!
  5. This is the total of my workplace pension at 57, plus my ISA after 9 years of withdrawals. IMPORTANT to note, I’ve also factored in that I’ll obviously stop contributing to my workplace pension at 48 and leave the final amount to continue growing until I can access it. The figure in number 1 accounts for this, which I calculated using the same compound interest calculator.
  6. This tells me the income I can draw down based on 4% of my resulting sum of cash pots. Of course, this is more than I actually need, which is great!

But I’m not getting ahead of myself. If this is still true as I approach retirement, I’ll consider this a tasty bonus! Maybe even retire a year or two earlier. But for now, I need to ride this out and see what happens after a few major market crashes and corrections.

Hopefully tat’s given you a bit more insight into how to calculate this for yourself.

The spreadsheet you see is available with my ebook if you want to check that out.

Actual Savings

Needless to say I am VERY happy with the trend of this graph!

We have been a bit naughty with our regular savings towards our emergency fund and car maintenance fund though…

As we approach the exchange of contracts on our new house, and with my wife on extended, unpaid maternity leave, we’ve had to skip saving into these pots this month to ensure we can cover the costs associated with our move.

We plan to top these up in October, when my wife is paid again to bring them back to where they should be. Purely a temporary cash flow issue. It’ll save us having to borrow money when we don’t actually need to.

The little table you see on the right-hand-side is just to give me an idea of what my yearly income would be if I were to retire right now.

Nice to see this jumping quite significantly each month!

Equity & Assets

No major change on this for this month, other than a slight increase in equity after another monthly payment on our mortgage.

We’ve actually had to move onto a tracker mortgage temporarily, as we’ll essentially be paying the entire mortgage off on this house when we move. This allows us to avoid any over-payment fee’s.

Luckily our move coincided with when our fixed rate period ended, so we could do this quite easily.

Still moving down!

Although, when we move into our new home, this will jump rather significantly!

It won’t look great, but we still have a plan to over-pay!

Back to moving in an upward trajectory after a tiny blip last month when we sold our house for £2,500 under the max. market value.

This is an increase in net-worth of £24,604.88 in 7 months!

I’m VERY happy with that.

That brings me to the end of this months report!

If you’re getting value from these posts, please be sure to subscribe below and check out my content of Twitter.

To check out my ebook, see below.

If you’re getting value from these posts and want to support this blog, subscribe below to join the FSD notification squad to get new posts straight to your inbox! Thank you!

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Monthly Report #5 – July 2020

It’s that time of the month where I disclose my finances to you in full and update you on my progress towards achieving financial independence and early retirement.

Some seismic changes happening with our finances at the moment as we’ve just sold our house and bought a new one. So our savings and debts are changing significantly each month as we move money around to complete this unnecessarily convoluted process!

If you’d like your own copy of the spreadsheet I use (images below) you can download it as part of my NEW ebook

Expenses for July:

We’re still reaping the rewards of my major frugal win, when we switched internet providers and got £10 off per month and 3 months free, you can see my post about that here. So the £14.40 was just what we owed our previous provider.

That’ll be replaced with a big fat £0 for the next couple of months 🤑

Also, we managed to spend A LOT less on takeaways and groceries this month, which I’m very happy about. However, we did get an unexpected vet bill. Only £73, so could have been worse. But we were able to cover this without using our insurance or our emergency fund which is good.

You can see on the far-right, total expenses for the month came out at £2,402. So, slightly less than usual, which is due to the fact we paid off all our credit cards last month (wahoo!).

Its also intentional, because my wife is currently on continued maternity leave, which is unpaid. So my income is covering all our outgoings at the moment… no pressure or anything 😂

Retirement Expenses:

No major changes to the retirement tab this month. Still checking it monthly in case of major shifts to our retirement lifestyle. But things are relatively normal.

You can see Complete Yearly Expenses (retirement) are at £40,767 for my wife and I. Which means my income from my savings needs to cover this. That means my savings need to be AT LEAST £636,990.63 to cover my half of those expenses.

You can see, over on the left, my spreadsheet formula is telling me that I’m way ahead on this. So I should absolutely be retiring in my 40’s, which is very nice!

I just need to calculate that a bit better to know the exact age I can retire on this pot of cash. The problem is, I don’t get access to my company pension until I’m 55. So I’ll be completely reliant upon my personal investment savings to cover me until then. Need to figure out how to calculate this.

Let me know if you can figure that out in the comments!

The trajectory is still looking GREAT!

You can see one of our non-pension savings pots took a huge hit!

This is also intentional though. This was to cover expenses for my wife’s extended leave, so we’ve re-purposed that into our current accounts ready to be deployed as needed!

My investments are still performing really well!

The retirement fund is still outperforming it’s benchmark and making insane gains vs the previous fund it was allocated to.

And my ISA is doing okay this month. Just okay. It could certainly be doing better, but my reallocation of investments following the pandemic hasn’t paid off quite as well as I thought it might. And the recovery of certain sectors is taking slightly longer than I predicted. Mainly due to the USA’s stuttering reopening, closing, reopening etc etc 😩

Equity & Assets

This is the snap shot of our equity and assets at present.

Those who follow the blog know that I don’t get too into the weeds with my assets. I should do really, but just never find the time. I’ve captured the big ones and that works for me.

The home equity took a small hit. This is because we sold JUST the value that Zoopla had estimated. Which, to be honest, was higher than we ever expected to be able to sell the house for. So we still feel like we’ve done brilliantly with the house sale.

At some point in October (hopefully) the equity will be changing quite dramatically as we move to our new home… make sure to subscribe and watch this space for an update around then…

Debts

Slightly levelled off this month. Which is due to the fact we cleared all our short term debts and are left with the larger sums.

Again, this is going to change quote considerably around October…

It went down 😭

For the first time this year!!!

This is due to the sale of the house being below what it was valued at on Zoopla. So we lost £2,500 of out net worth 🤷‍♂️

Our new house should more than make up for this, as the value is considerably more and we have additional equity to add to this.

Overall, an average month on all accounts other than savings, which are doing great!

If you want a copy of the spreadsheet I use to track all of this, as well as a FREE, 50-page ebook with all the information and tools to enable you to get a grip of your finances, clear your debts, boost your savings, learn to invest and secure true financial freedom and early retirement, you can download it here… FYI

There’s only 5 copies left!!!

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7 Simple Steps to Financial Freedom

I’ve written an ebook! I’ve not posted any articles on my blog for several weeks as I’ve been working on producing a free ebook to benefit my online network 👇👇👇

You can download it here

Why have I written an ebook?

Because I wanted to create something that contains all the information, tools and knowledge from my blog AND MORE in a single, accessible format. This way, even those who aren’t subscribed to my blog can learn how to transform their financial future, for free!

What’s the catch?

It’s £5 for the basic version and £17.99 for the premium version which includes ANOTHER ebook with 47 pages of BONUS content and a spreadsheet template with 6 tabs of pre-formatted tables and formulas to track everything you need to track to monitor your finances and your progress towards financial freedom!

Other than that, there is no catch. You can get it right now!

Some of the information in the ebook is already available in the various posts on my blog. But i needed a way of reaching more people with something accessible that they could have stored in their phones.

I genuinely want to help others to achieve what I have, and possibly go beyond that!

I want people to understand their finances so they can pay off their debts, earn more, spend less, learn to invest, know their net worth and understand what they need saved in order to achieve financial independence and early retirement.

This ebook gives you the tools to do all of these things!

Okay, so what’s in this ebook?

In this E-book, I reveal the steps I’ve personally taken to get a grip of my finances, clear my debts, boost my savings and secure true financial freedom in my 40’s! 

You’ll also receive the exact tracker spreadsheet I built and personally use to track and update my finances, with instructions, covering all 7 steps to achieving financial freedom. You can see examples of this in my Monthly Report Posts.

Following these simple steps has enabled me to wipe decades off my retirement age! And you can achieve the same with the simple tools and techniques I will teach you in this ebook.

BONUS CONTENT 👇👇👇👇👇

I’ve now included 5 bonus sections with invaluable advice and methods I use day-to-day to earn more money, save money and generally keep me on track with my finances, including:

  • Dividend Investing – The basics, how to succeed, and the secret weapon I use to find the best performing, high-yield dividend stocks.
  • Be Frugal – The 5 questions you MUST ask yourself when making any purchase to save yourself thousands!
  • Maximise Your Savings Rate – How to be smarter with your cash so you can save more and retire earlier, without limiting your quality of life!
  • Optimise Your Pension – How to ensure your workplace pension is working for you in the most efficient and effective way possible!
  • Compound Interest & The Power of Now! – Illustrating the massive power of compound interest, how to take advantage, and why you should start NOW!

One last thing – let me know how you get on, your successes and failures. And if you have any feedback, please let me know! You can reach me on twitter @FiSavvyDad

Enjoy!

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View My Investment Account – June 2020

I’ve finally found some companies worth investing in!

That’s right! After all my complaining over the last few months about how everything is over-valued and there’s no good investment opportunities about, I’ve actually found some!

Portfolio Value

So this is what my account looked like at the beginning vs. end of June and where I ended up in terms of cash:investment split.

In summary, not the best month yet! But this is mainly due to the fact that I’m holding a lot of cash (70%), which is earning no interest, plus, I was still holding the few stocks I was down on after I sold everything I had made huge profits on but wasn’t happy holding based on current valuations.

Moves Made This Month:

The good news is, I made some moves:

So, this month I put some money back into some ETF’s I felt shouldn’t be too susceptible to any future volatility resulting from the pandemic. Namely, the Global Clean Energy & Global Water ETF’s.

My thesis on these isn’t anything complex:

  • Global Clean Energy: It’s becoming increasingly clear that many countries are looking to make their economic recovery plans green. Meaning we’ll see a stream of announcements regarding government spending and investment in green projects, thus boosting the value of companies in the green energy sector. Just this week, the UK government announced it would be fast-tracking the investment of £5 Billion on improving the energy efficiency of public buildings (Schools, hospitals, etc), as well as potentially providing social housing occupants with £5,000 vouchers to spend on energy efficiency measures for their homes!
  • Global Water – People need water. Pandemic, or no pandemic. Am I wrong? 🤷‍♂️

I intend on holing these for a very long time.

The individual stocks I’ve purchased: Wynn Resorts, Cirrus Logic and The Cheesecake Factory are all stocks that were on my watch list before the March lows and stocks which were majorly impacted by the pandemic, especially Wynn and The Cheesecake Factory.

All were companies I’d very much liked for a long time based on their financials, past performance and future growth potential, and the market had given me a great opportunity to now purchase these stocks I’d been watching for so long.

Stock Pick of the Month – Wynn Resorts

I’ve had my eye on this one since I started investing a year ago. I was able to get Wynn at $68, which is an absolute steal, in my opinion, for a stock that previously sat at $152! Of course, Covid has impacted hospitality much worse than most other industries. So, it’s only right the stock should be this low.

However, Wynn are a great brand and an incredible money-making machine when the casino’s are open, of course! But they WILL re-open. And when they do, there will be hundreds of thousands of people wanting to get to Vegas and Macau where their resorts are located. People who had holidays planned that are now postponed, people who have yearly trips to these places that they haven’t been able to make and spontaneous holiday makers who have been cooped up at home and want to get to sin-city to let loose!

Therefore, I strongly believe that Wynn will recover from this situation within the next two years, and return to a valuation above $120.

My Watch List:

These are all the stocks I’m currently tracking. And I have price targets for all of them which I’m monitoring and altering based on changes in the market on an almost daily-basis! Most of them are still considerably higher in price than I am willing to buy as they are valued much too richly considering the impact the pandemic has had on them.

I’m confident that during earnings season, many of these stocks prices should begin to fall down to more reasonable valuations. At which point, I can start to invest some of my cash back into the market! I’m at 70% cash at the moment and it’s safe to say it’s burning a whole in my pocket! I’m very keen to buy some stocks right now, but I’m hoping good things will come to those who wait and don’t fall for this ridiculously unsustainable market we’re currently in.

Summary

I’m VERY happy to be putting money back into the market after the last few weeks of not being able to find anything I was happy to invest in. I’m super happy with my choices so far and pretty confident that I’ll have some huge opportunities in the coming weeks as earnings begin to get reported!

What are your thought’s on the market right now? And what stocks or ETF’s are you putting your money into that I should check out? Let me know in the comments, or reach out to me on social media using the links at the top of the page!

Other Similar Posts:

View Last Months Account
How to Find the Best Dividend Stocks
Stocks vs ETF’s – Which is Best

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Monthly Report #4 – June 2020

It’s that time of the month where I disclose my finances to you, in full and update you on my progress towards achieving financial independence and early retirement. I’ve absolutely smashed it this month, if I may say so?! We’ve cleared a bunch of debt, increased our savings, made huge gains on my retirement savings and increased our net-worth by a sizeable chunk, too! I’ll copy the snapshots of my spreadsheet below. If you’d like to download your very own version of this spreadsheet, you can do so using the link at the bottom of this post or by visiting my FI Resources page (thanks!). I’ll start with our expenses for this month, which I’m relieved to say have settled somewhat following our huge car bill in the previous month!

Expenses for June:

The one thing that really stood out to me this month was that we spent nearly £200 on takeaway food! The convenience of ordering a quick Chinese, or pizza is all too tempting when you have an 8-month-old who can quickly throw all your evening plans out the window when they have a bad nap or decide they don’t want to go to sleep for 2 hours after you’ve put them down!

BUT.. we’re now taking action! We’ve agreed to curb this bad habit and go cold-turkey on the takeaway food. I’ve been nagging at my wife for months for us to cut back on the takeaway’s and she’s finally agreed with me! Was it because she accepts that I’m wise and that £200 per month compounded over years equate to a boat-load of cash? No. She wants a new house and realises that this is where we can cut back to make that happen a little sooner! But ‘ll take it!

Other than that, things haven’t changed much. We’re still in lock-down, although it’s slightly eased. I’m still working from home, so I’m using no petrol and it also means we don’t have to pay for a dog walker!

Also, I’ve discovered a little hack which is going to save me about £1.20/week in tax due to the whole work-from-home thing going on in the UK. Basically, I can claim up to £6/week in expenses incurred due to having to work from home without having to show any proof! as I’m a 20% rate tax payer, I get 20% tax relief on this £6/week, which works out at £1.20 (£62/year). It’s hardly impacting my savings rate or retirement ge, but hey! It’s free money! So, I’ll take it!

Retirement Expenses:

There’s no change from last month on this tab, as I’ve not altered my monthly contributions in any way. So, I’ve copied last months snapshot above.

Savings:

I feel like I’m absolutely crushing the savings game at the moment! Obviously, this is being very much helped by the massive gains in the stock market right now (which still don’t make any sense to me! By hey ho!). But still, where I choose to invest my cash each month is clearly making a big difference too!

The aim is for that orange bar to grow by a noticeable difference each year. By the time I’m 50, this needs to be worth around 3/4 of the value of my workplace pension fund. So far, I’m on track. And my investment style of picking individual stocks and carefully selected ETF’s is paying dividends (pun intended). In my first year I made gains of 16%!

The funny thing is, I made some horrible decisions as I was learning along the way. And i STILL pulled off a 16% ROI! Click Here to read about my strategy and more on how I achieved this return. In summary though…

Equity & Assets:

So, we were due to renew our mortgage around now. But, as I mentioned above, we’re actually looking to move house now. This is all pretty out of the blue! A month ago, we were set on staying in our current home forever! But we’ve come to realise that we just don’t have the space in our current home, and doing renovations to create the space we need just isn’t worth the money any more! Turns out babies need quite a lot of stuff, and space to put that stuff.

In summary, it’s going to cost more to have the renovations done than the changes to the home will add in value to the property. And the increase in mortgage payments is the same as if we just bought a bigger house, which is already built the way we want it. So, it’s a no-brainer really! We get the space we need for the same overall cost, whilst avoiding having to go through the upheaval and disruption of having the home become a construction site for several months!

We’ve just put the house on the market. Like, literally today! So let’s see what happens…

Debts:

Yup! We paid off not one, not two, but THREE credit cards this month! Again, the inspiration for my wife’s sudden expert-level debt clearing is the prospect of buying a new house. Just s small incentive 🙄.

The less outgoings we have in debt payments, the more likely the banks are to loan us the money we need for the next house. But man, it feels great! That’s over £200 per month that we no longer need to pay out on credit cards each month!

Net Worth:

Looking back to Jan 2020, just in the last 6 months, we’ve grown our net worth by over £22K! I have nothing to compare to, but that feels great!

If I can keep up with the returns on my investments, then our additional savings, dividends and compound interest should supercharge our net worth over the coming years!

Very excited to see where this goes!

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