↑ US 500 Stock Index Fund is up by $3,781 or 3.2%
↑ Global Small Cap Index is up by $2,639 or 2.2%
Grand total additions: $6,420
↓ Emerging Markets Stock Index Fund is down by $2,781 or 2.2%
↓ Eurozone Stock Index Fund is down by $3,314 or 2.7%
↓ GBP is down to USD by 1.7% or $215
↓ Vanguard FTSE is down by 0.6% or $83
Grand total losses: $6,393
Monthly update on financial independence - tru real life story |
The
Eurozone and British Pound continue to slide over uncertainty whether the UK
can become an independent country and their competitiveness over the USA and
China. Eurozone is submerged into
politicking and sanctions rather than building a strong economy. This explains
that Eurozone grew 5%, while the SP500 by 19% over last 12 months. Western
European markets is bi-polar asset class. We go through cycles where people
either love it with a passion or hate it with a vengeance. Typically, these are
the same people. Maybe it’s not the asset class that is bipolar.
I am happy to pass $500K mark
for my largely passive portfolio now. I
had a modest salary increase which allows me to increase the annual saving rate
from $11K to roughly $17K. In absence of
pension scheme this is not a lot but I have 25-30 years to go.
The saving rates on cash are continuing
to be held artificially low, below the inflation rate. The government is actively
preventing crisis in the real estate/housing market at the expenses of the
savers. To be financially independent at withdrawal
rate 3% I will need roughly $50K a year after the house is paid off 0r $1.5 million
or move to a really cheap country.
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