Wednesday, October 2, 2019

September 2019 update ($514,734 +$12,286 or +%2.4)

Emerging Markets Stock Index Fund is up by $3,362 or +2.9%
Eurozone Stock Index Fund is up by $4,232 or +3.7%
US 500 Stock Index Fund is up by $2,283 or +1.8%
Global Small Cap Index is up by $2,297 or +2.1%
Vanguard FTSE U.K. All Share Index is up by $503 or +2.1%
GBP to USD is up by $633 or +1.7%
Additional cash to invest $1,159 under my pension plan.
Grand total additions: $14,469

EUR is down to USD by $2,183 or -1%
Grand total losses: $2,183
Road to financial independence - my personal progress for September 2019
The market somewhat recovered this month and I kept accumulating cash to invest (it is currently 2.6% of my nest egg).  Although at glance the market are moving in the right direction, the currencies (EUR and GBP are losing steadily to the USD).  In USD my EUR investments are losing money over past 12 months.

I expect this trend is going to continue, as EU is steadily losing its industry to emerging markets, while continue politicking to a great expense to the future generations.
I am staying away from going all USA, because of the domestic politics. The people elected businessman to be in power but his hands are kept tight by the Senate, while timing is running out for any action.  It is interesting trend that both in the USA and the UK the Senate and Parliament are not working to deliver on what people want.

Funny fact: There has been a lot of attention on whether people should focus to emitting less carbon dioxide.  The big business jumped on it, hoping to get bigger share of the market.
For example, coal power station generates 220 gCO2/kWh, while natural gas 170 gCO2/kWh. This process includes capturing some of the carbon dioxide capture.  So Big Business actively advertising more natural gas, less coal.

The little-known fact to the public that about 1.7% of natural gas produced is lost due to small leaks, which are hard to detect and eliminate (fugitive leaks). Methane (key component of natural gas) traps 28 times more heat, than carbon dioxide over 100-year period of time. This leads that 170 gCO2/kWh becomes 250 gCo2/kWh, when you consider the entire production chain.  Natural gas power plant contributes more than coal power station (coal has some associated methane in mines too but far less than natural gas losses).

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