Saturday, May 30, 2020

May 2020 update ($512,818 +$23,553 or +%4.8)

↑ Eurozone Stock Index Fund is up by $4,777 or +4.8%
↑ US 500 Stock Index Fund is up by $5,936 or +4.7%
↑ Global Small Cap Index is up by $6,896 or +7.1%
↑ Fidelity Growth Fund is up by $2,004 OR 4.3%
↑ Financial independence savings for last month $2,000
↑ EUR is up to USD by 1% or $1,965 for my portfolio
↓ GBP is up to USD by 1.7% or $808 for my portfolio
Grand total additions: $24,385 USD

↓ Emerging Markets Stock Index Fund is down by $832 or -0.7%
Grand total losses: $832 USD

May 2020 Financial independence update
My emerging marked fund is focusing on BRICS (Brasil, Russia, India, China and South Africa).  Brazil is currently suffering from inhumane response to the corona-virus (SARS-CoV-2). China is being pressed by the west to give some free cash. These two main factors kept emerging markets where they were month ago, missing on out the rally.
Eurozone fund name implies that it is EU focused. This is only partial true, eighty percent of its assets are France, Germany, Holland and Spain.  Those four countries will emerge better from the pandemic, than the flanks of the union.
Vanguard U.S.500 Stock Index Fund  is already reached price to earnings ratio of 21.5, while the small cap fund is 14.6 (eurozone is 14.5 and emerging markets 13.0). As you could see S&P is already valued higher than a year ago prior the pandemic. This is truly incredible, considering the job losses.

 I calculated that I need to save $3 K a month  for the next twenty years to achieve financial independence by the time the house is paid and kids are out of the house.  I am not using 4% rule but 3%.  This is based on the market past ten years performance

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