Saturday, August 4, 2018

July 2018 update ($501,637 +$10,825 or +2.2%)


Emerging Markets Stock Index Fund is up by $3,197 or 2.6%
Eurozone Stock Index Fund is up by $4,302 or 3.6%
US 500 Stock Index Fund is up by $4,234 or 3.7%
Global Small Cap Index is up by $1,394 or 1.2%
Grand total additions: $13,127

EUR is down to USD by 1% or $2,087
GBP is down to USD by 1.5% or $217
Grand total losses: $2,304
Road to Financial independence July 2018

Friday, July 13, 2018

June 2018 update ($490,812 -$9,090 or -1.8%)


US 500 Stock Index Fund is up by $582 or 0.5%
Grand total additions: $582

Emerging Markets Stock Index Fund is down by $5,547 or 4.5%
Eurozone Stock Index Fund is down by $1,031 0r 0.9%
Global Small Cap Index is down by $490 or 0.4%
FTSE U.K. All Share Index accumulation is down by $241 or 1.7%
EUR is down to USD by 1% or $2,087
GBP is down to USD by 1.5% or $217
Grand total losses: $9,613

Financial Independence update June 2018

Monday, June 4, 2018

May 2018 update ($499,902 +$304 or +0.1%)

US 500 Stock Index Fund is down by $2,598 or 2.3%
Global Small Cap Index is up by $3,038 or 2.7%
FTSE U.K. All Share Index accumulation is up by $561 or 4.5%
GBP is up to USD by 0.7% or $106
Grand total additions: $6,303

Emerging Markets Stock Index Fund is down by $205 or 0.2%
Eurozone Stock Index Fund is down by $1,482 0r 1.2%
EUR is down to USD by 2.0% or $4,286

Grand total losses: $5,973
Getting to Financial Independence - May 2018 update

Friday, May 4, 2018

April 2018 update ($499,598 +$4,139 or +0.8%)

Emerging Markets Stock Index Fund is up by $1,122 or 0.8%
 Eurozone Stock Index Fund is up by $5,855 0r 4.8%
Global Small Cap Index is up by $2,136 or 1.9%
FTSE U.K. All Share Index accumulation is up by $573 or 4.0%
Grand total additions: $9,686

US 500 Stock Index Fund is down by $596 or 0.5%%
GBP is down to USD by 4.3% or  $611
↓ EUR is down to USD by 2.0% or $4,201

Grand total losses: $5,408
Financial Independence update - April 2018

Friday, April 13, 2018




In line with my annual financial independence goals for this year I pressed on with the reading list. “the smartest Guys in the room” is about rise and fall of Wall street  darling an  American corporation called “Enron”, which took down auditing company “Arthur Andersen”.
      At its peak Enron shares were worth $90.75 and on December 2, 2001 (when it filled for bankruptcy) were trading at $0.26 . The company was chasing dream of deregulation through the vast network of political donations (former Secretary of State Heinz Alfred Kissinger (naturalized USA citizen as of 1943, son to German Jews) served as advisor, along with  James Baker  and many others).
       Here is some interesting quotations from the book: “…When people describe Skilling they don’t just use the word “smart”; they use phrases like “incandescently brilliant” or “the smartest person I ever met”…He could instantly simplify highly complex issues into a sparkling, compelling image.
…Skilling also had tendency to oversimplify, and he largely disregarded – indeed, he had an active distaste for – messy details involved in executing a plan. What thrilled Skilling, always, was the intellectually purity of an idea, not the translation of that idea into reality.

Tuesday, April 3, 2018

March 2018 update ($495,459 -$9,025 or -1.8%)


GBP is up to USD by 2.9% or  $408
Grand total additions: $408

Emerging Markets Stock Index Fund is down by $3,909 or 2.8%
Eurozone Stock Index Fund is down by $2,440 0r 2.0%
US 500 Stock Index Fund is down by $2,023 or 1.8%
Global Small Cap Index is down by $1,052 or 0.9%
FTSE U.K. All Share Index accumulation is up  by $9 or 0.1%
Grand total losses $ 9,433
Financial independence performance March 2018 - real life journey http://www.niterainbow.com

Saturday, March 10, 2018

Financial Advice on an Index Card

    Being an avid reader of Financial Independence books and blogs, somehow I missed a remarkable advice given back in 2013.
    A professor at the University of Chicago said that: "The best financial advice for most people would fit on an index card". One of the readers commented on his post : "What *is* this simple free best personal finance advice that fits on a card? It's kind of a tease to say its so easy and then not go ahead and spell it out in twenty seconds.
    Here what the professor responded, by hand writing it on an index card:
  • “Max your 401(K) or equivalent employee contribution
  • Buy inexpensive, well-diversified mutual funds such as Vanguard Target 20XX funds (Note: I tried that but expense ratio is higher for them. Target fund is 0.14% vs. 0.04 S&P500).
  • Never buy or sell an individual security. The person on the other side of the table knows more than you do about the stuff.
  • Safe 20% of your money.
  • Pay your credit card balance in full every month (Note: I say do not use them at all. Its a gamble).
  • Maximise tax-advantaged savings vehicles like Roth, SEP and 529 accounts.
  • Pay attention to fees. Avoid actively managed funds.
  • Make financial advisor commit to a fiduciary standard. 
  • Promote social insurance programs to help people when things go wrong (Note: Its capitalism we are living in, not communism)”.