Saturday, July 8, 2023

June 2023 update ($825,538 +$44,262 or +%5.7)

↑ Emerging Markets Stock Index Fund is up by $1,691 or +1.4%
↑ Eurozone Stock Index Fund is up by $5,580 or +3.8%
↑ US 500 Stock Index Fund is up by $20,308 or +6.6%
↑ Global Small Cap is up by $8,509 or 6.3%
↑ Growth fund is up by $1,357 USD or +2.0%
↑ EUR to USD is up  by 1.9% for my portfolio its $5,172
↑ GBP to USD is up  by 2.4% for my portfolio its $1,646

Total gains: $44,262

June 2023 Financial Independence update


 In July 2021 first time my portfolio exceeded $800K, since that time 25 months has passed and this is third time when I am above $800K. However, the highest net worth was in March 2022 at $838 K.

 In the UK shop owners have started to add security tags to products such as steaks, butter and cheese amid the highest levels of theft in a decade.

 The young people have been let down twice in western Europe during ultra-low inflation and mortgage rates the housing prices propelled and yet, following 2008-09 recession many where out of work. Now the houses sell at 5-10% discounts on asking price but the mortgages aren’t affordable as the salaries mostly flat.  Britons must accept that they are poorer otherwise inflation will stay persistent, the chief economist of the Bank of England has said. Huw Pill earns £180,000 per year.

 Retirement as distant as ever. Textbooks urge discipline. Let compounding do the rest. On the other hand, one in four people in the UK have less than £100 in savings. People with mortgage have household income of £75,000 while less than £5,000 in savings.

 Fun Fact: Average person spends more time buying a car than managing their investments, however confidence doesn’t decline in line with ability.

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