↑ EUR is
slightly up to USD by $2,063 or 1%
↑ Additional cash to invest
$4,032 under my pension plan scheme
Grand total additions:
$6,095
↓ Emerging
Markets Stock Index Fund is down by $8,565 or -6.8%
↓ Eurozone Stock
Index Fund is down by $6,642 or -5.6%
↓ US 500 Stock
Index Fund is down by $8,143 or -6.4%
↓ Global Small
Cap Index is down by $7,563 or -6.6%
↓ Vanguard FTSE
U.K. All Share Index is down by $230 or -0.9%
↓ GBP to USD is
down by $220 or -0.8%
Grand total losses: $31,363
Eurozone is the
biggest loser in the current market. After two years with all dividends
re-investment it grew 0%. Western Europe
is actively engaged in micromanaging business (how people should provide
their services from hairdressers to engineers), while indulging in the populist
sanctions, politicking and allowing workers being actively discriminated by
large corporations. The situation is so dire that the EU central bank is ready
to “use all the instruments that are in the toolbox”. This happens if the slowdown in the
bloc’s export-driven manufacturing sector began to infect other parts of the
economy. The German 10-year bond is again near zero (last time it was there in
2016). The expectation of cheap money led to slight raise in EUR to USD exchange rate.
Mine combined monthly
pension plan contributions are at $1,250 (including tax breaks) at least for the next 18 months. I started looking at some bond funds. The
global bond market has enjoyed its biggest weekly investor inflows in over four
years, with investors dumping equity funds in favour of fixed income amid
concerns that the international economy is wilting, and central banks will have
to cut interest rates. For the time being I will remain in cash, looking for a
suitable fund or opportunity to invest in equity, if the market slides again.
Fun fact: I recently
decided to minimize buying brewed coffee / tea outside of the house. I do not believe
that saving $300 a year will make big difference to my financial independence.
This is more for prosaic reasons – over payment and ethics.
Currently there is
oversupply of coffee, due to an excellent harvest. Yes, we do not see any changes
at the supermarkets, but a lot of the farmers go bankrupt and switch to the
other crops. How much, do you think a
farmer gets from average $4 coffee cup bought on a street? Less than 2 cents.
Here is what goes into
your coffee:
From the 15 cents you
see spent on actual coffee beans here is further breakdown:
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