Saturday, March 3, 2018

February 2018 update ($504,484 -$16,535 or -3.3%)

↑ FTSE U.K. All Share Index accumulation is up  by $262 or 1.9%
↑ GBP is up to USD by 1.5% or  $200
Grand total additions: $462

↓ Emerging Markets Stock Index Fund is down by $2,879 or 2%
↓ Eurozone Stock Index Fund is down by $5,083 0r 4.1%
↓ US 500 Stock Index Fund is down by $4,419 or 3.8%
↓ Global Small Cap Index is down by $4,620 or 4.1%
Grand total losses $ 17,001
Financial independence from the very begining February 2018 update
My bet on investing in the FTSE at the market slump turned out to be right as even with the last couple of days down turn it weathered well, generating 2% over one month.
I could understand when USA slapped sanctions on Russia in 2014 and forcing EU to follow them (USA  export goods to Russia where $11billion, less than 0.1 GDP) by contrast  the USA was exporting $300 billion to China. EU was exporting $170 billion to Russia at the time. However now the USA  are aiming to bend down EU directly with the steel tariffs. 
As medium term threat to next market correction I see two triggers:  car loans and raise of overdue US credit card debt. The credit card debt hit 7 year high at $11,9 bn. More Americans are also falling behind on their mortgages, for which problematic debt levels rose 5.2 per cent over the same period to $56.7bn.
The USA credit card debt makes less than 9 per cent of the country banking industry’s total $17.4tn balance sheet, its accounted for 59 per cent of all loans written off as uncollectable during the fourth quarter last year.

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