Wednesday, April 7, 2021
Friday, March 12, 2021
↑ Financial independence savings for last month $2,000
↑ Emerging Markets Stock Index Fund is up by $1,373 or +0.8%
↑ Eurozone Stock Index Fund is down by $4,404 or +3.3%
↑ US 500 Stock Index Fund is up by $1,207 or +0.7%
↑ Global Small Cap Index is up by $7,438 or +5.1%
Grand total additions: $16,423 USD
↓ EUR is down to USD by $2,456 or -0.8% for my portfolio
Total losses: $2,456
Friday, February 26, 2021
↑ Emerging Markets Stock Index Fund is up by $6,661 or +4.3%
↑ US 500 Stock Index Fund is up by $722 or +0.4%
↑ Global Small Cap Index is up by $3,508 or +2.5%
↑ Fidelity Growth Fund is up by $1,385 or +2.2%
↑ GBP is up to USD by $940 or 1.5% for my portfolio
Grand total additions: $15,216 USD
↓ Eurozone Stock Index Fund is down by $1,394 or -1.0%
↓ EUR is down to USD by $2,456 or -0.8% for my portfolio
Total losses: $3,850
Thursday, January 7, 2021
So how can I make my goals achievable? I think that I need to scale back. If I can do more -great.
a. Save 20% on the income - Accumulate $25 K a year.
b. Chose where to invest it and when.
a. Regular monthly updates.
b. To cover 6 themes on financial independence.
a. Read 3 books from the list.
b. Publish the books reviews.
c. Corporate finances to study in detail.
- Be happy. Run 600 miles during the year. BMI at 26.3 by December. Loose 2.5 pounds a month.
What are your 2021 goals? Is it something you recommend I do more or stop doing?
Sunday, January 3, 2021
This extraordinary year came to the end. My portfolio went up by 15%.
- Save 20% on the income - Accumulate $25 K a year and invest it either in one of the existing funds or new one. – This goal is only partially complete. I accumulated $24 K but not invested. The markets are all time high, so it is no point to invest it now. I have not selected where I want to invest them.
- Develop additional income source in full, potential reward about $2,000 a year. Target sites to be developed in full this year. This is “make it or break it”. If I am not able to do this year, I will wind down niche sites and focus elsewhere. My personal preference is to make it, despite disproportionate amount of time I might spent. – This did not happen. The main financial independence site generated some income. However, combined niche sites did not reach $2K a year. I need to re-focus the time elsewhere.
- Regular monthly updates. – This complete.
- To cover 6 themes on financial independence, including mortgage one. – This goal is complete. Networth change past 10 years, Mutual funds spreading, The rich vs. Poor, Junior ISA, Market Charges, Dividend Aristocrats, Four percent rule.
- Read 12 books from the list. – Read only two. One of them is Enough by John Bogle.
- Publish the books reviews. – Complete for the books that I read.
- Corporate finances to study in detail. – This did not occur.
- Be happy. Run 1,000 miles during the year. BMI at 26.3 by December. Loose 2.5 pounds a month. – Ran only 240 miles. I thought that last year with 253 miles the lowest possible one.
What are your 2020 goals? Is it something you recommend I do more or stop doing?
I need to think how to make this year goals smarter and to make
sure that I will complete them. How was your year and the goals achievements?
Friday, January 1, 2021
Saturday, December 5, 2020
In the UK the government made retirement (especially for women, minorities and naturalized citizens) an impossible and unaffordable dream. The new pension age to receive meager state pension is 66 years old and its less than a third of an average salary. To get this “full pension” you need to work for 35 years. The pension is $1,000 a month.
There is an expression “smoke and mirrors”. This means the obscuring or embellishing of the truth of a situation with misleading or irrelevant information. The Black Lives Matter, climate change, transgender issues and the rest are there to distract attention from real issues, injustice and discrimination in everyday life.
A colleague of mine is about to retire (at the age of 55), after working for the same company for 30 years. As he worked part of his career abroad (for about 18 years), he has two pensions. The pension for the time abroad is worth $1.7 million and you could take it as tax free lump sum. The other is worth $1.7 million too but subject to taxes, should he withdraw it as a lump sum.
According to the pension fund conditions, the second $1.7 million pension, should he leave it in the fund, will generate $50K a year taxable, inflation adjusted pension for life. This is an independent confirmation of my four percent rule review.
I am working for the same company. We worked together on two projects in to different countries, as expatriates. I actually progressed faster than him, by approximately 6 years. The truly illuminating detail that my pension will be zero with the same company. The reason? We have different nationalities, so when we work on the same project and in the same role the employment conditions are different. This is hidden truth that will never be published or discussed, as this is how western system is all built and functions to this date.
The funny part? Having zero pension contributions is not considered an employing advantage, as “non-core” nationalities are perceived as inferior. Such behavior is revealing in its hypocrisy.
I actually have to take money out of my paycheck to make my savings for the retirement. The paycheck is lower too for doing the same job. I will be very lucky to have half of his pension as taxable and ten years later (65 years) at the current savings rate.
It is clear that discrimination and exploitation is integral to the UK and EU economy nowadays, like the slavery was for more than a century, with proceeds enjoyed at home and misery parked offshore.
Fun fact: The
richest 1 per cent of humanity is responsible for over 15 percent of all
emissions between 1990 and 2015, while the richest 10 per cent were responsible
for 52 per cent. While the poor will pay for the greenhouses gases emissions transition.