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

Strategy is proven to be right by separating the basket into USA, Emerging Markets (BRICS) and EU. At the moment USA with focus on “America first” is pushing forward.  12-month rolling is 13% for SP500 and 16.8% for Small Cap companies.  The fund says “Global” but almost 60% is in the USA and another 12% in Japan.
I have received a pay raise at work. It will help me to offset some of the inflationary costs but I also increased my pension contributions to about $10 K a year. This is not a lot but if I manage to keep it up I will have approximately $800 K by the time I retire (conservative estimate) in today’s money or $3 K a month for life.  

Fun fact: A British bank called “Barclays” is facing criminal changes over unlawful financial assistance from Qatar (it made a $3bn loan to Qatar to fund the purchase of its own shares in 2008). Additionally, the fraud charges turned on a so-called advisory services agreement with Qatar worth £322m that was first struck at the time of the £4.5bn fundraising in June 2008 and then extended at the time of the £7.3bn October deal.
This reminded me case of JPMorgan in 2013 when it invited Twitter users to ask “a leading exec at a global firm” for career advice, using the hashtag #AskJPM. This came in the same month the bank agreed to pay out $13bn in a settlement with the US Department of Justice for mis-selling mortgage securities. “Did you always want to be part of a vast, corrupt criminal enterprise or did you ‘break bad’?” was fairly typical of the responses.

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