Saturday, November 30, 2024

November 2024 update ($1,026,295 +$27886 or +2.8%)

 US 500 Stock Index Fund is up by $23,689 or +5.5%
Global Small Cap is up by $10,533 or +6.3%
Growth fund is up by $3,242 or +3.8%
Total gains: $37,464
 
Emerging Markets Stock Index Fund is down by $1,685 or -1.1%
EUR is down to USD by 1.9% for my portfolio its $5,873
GBP is down to USD by 2.3% for my portfolio its $2,020
Total gains: $9,578
 
 
Observation:

 I am back into the seven region figures for the second time this year.  It has a nice feeling to it despite being just a paper number and relatively small, given the rampant inflation.

 With Make America Great Again I think that the USA stock market will benefit greatly in the short term (next 4 years). I had an opportunity and invest into the kids’ tax-free account some additional money – “the college fund”.  A year of university in the UK is limited by the government at about $12K a year, living expenses (including rent) are about $2.5K a month. All together is $42K a year or $126K for a three-year bachelor ($168K for a four-year master). I only saved $85K per child or half of what is required.

 Ideally, I would like to give them the same gift my parent gave me to – finish college debt free. The risk with the college fund is that the prices might go up and down and stay down for a long time.

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