↑ EUR is
slightly up to USD by $2,063 or 1%
↑ Additional
cash to invest $1,262 under my pension plan
↑ Emerging
Markets Stock Index Fund is up by $4,728 or +3.9%
↑ Eurozone Stock
Index Fund is up by $5,884 or +5.2%
↑ US 500 Stock
Index Fund is up by $8,256 or +7%
↑ Global Small
Cap Index is up by $6,206 or +5.8%
↑ Vanguard FTSE
U.K. All Share Index is up by $585 or +2.4%
Grand total additions:
$28,984
↓ GBP to USD is
down by $250 or -0.9%
Grand total losses: $250
The USA is seemingly
resolved trade disagreements with China, at least temporarily. Politically
motivated accusations of Huawei espionage were suspended for the time being in
a favor of economic prosperity. I wish that
EU would be as pragmatic with its neighbors as the USA and focus more on
economy and cooperation.
I decided to combine
private and company pension pots. This will keep the relatively small pots
together and admin fee in the company plan is o.25% a year. I expect that by same time next year the net
worth is about $50K (from current $33K),
This will probably take a few months before the move complete.
Retirement / financial
independence.
Current estimation
(assuming retirement at 65 yr) and the same monthly contributions will enable me
to have $50 K a year pre-tax as income. This slightly below (I need $60K a
year) our expenses (assuming the kids leave the nest and mortgage is paid).
The estimate is based
on historical US market performance, not the diversified portfolio I have. EU is historically trailing behind US. To compensate this I need to increase my monthly
savings from $1.2K to $2.4 K a year (If I want to have $60K a year and offset
the diversity).
To retire at 60 years
I need to increase savings to $4.5K a month. If I stop investing now, at 60yrs
I could have $28K, at 65 years - $32K a year. This is
quite clearly demonstrating advantage of early investments /time.
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