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  • eurfi 22:52 on 2018-01-18 Permalink | Reply  

    Spending Summer Break with my Kids 

    I have worked part time before, but returned to full time work (I called this my sprint to the finish line). Working every day and seeing the kids only for a few hours (on some days maybe only minutes, not hours) has its price.

    So in looking for new ways I decided to take one month off of work each year and spend it with my kids (and my wife, if she can join). For 2018 we are planning a road trip through Europe. Later years we might just do shorter trips in our home country or even fly to the US.

    In 2016 we almost bought a camper van. Of course I still have this wish (and will probably buy it, once retired). And for our road trip this year I was checking prices again. But no matter how I calculate, it is still a few thousand Euros more per year than our current car. Let’s say it is 5,000 Euros more per year. Now, how many nights are we realistically sleeping in the car? Maybe 50? This would be 100 Euro per night – you can get an Airbnb almost anywhere for this price.

    So, maybe the camper van would add more stress to our life (having to “use” it). And “more stress” is the least desired thing I would want…

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  • eurfi 21:57 on 2018-01-06 Permalink | Reply  

    Happy New Year 

    In September I announced a break from blogging.  And I really did not look into the blog (I’m proud about that). As always, only during the first weeks I was tempted. Later I did no longer think about it. I also read fewer personal finance blogs (I unsubscribed a few in my RSS reader).

    During the months I continued my book keeping. I will no longer publish my numbers regularly – what’s the point of it? My savings rate for 2017 was over 50 % (and between 38 and 41 % in 2014 till 2016). The yearly expenses were quite stable (between 33k and 35k in 2014 till 2017). So the increase in savings rate came from higher income. I was working full time the whole year (and part time in 2015 and 2016).

    I have read a few times about the stages of FI. Most of the blog posts have a high number of beginning stages, but later is a huge gap before reaching FI. With a net worth of around 425k I’m more than halfway there. There is no longer the question if I reach FI, it is more when. And even if I do not generate extra returns from the stock market, the monthly surplus from our working income will get us there. Plus, my wife does not want to stop working, and we could almost live from her income (and my side job). But as I earn way more than her, it is not so easy to quit (she feels more secure with both incomes).

    In the last few months I started listening to two podcasts:

    The future of this blog

    I will stop my monthly net worth reports (and also the options reports). But I will blog from time to time. Whenever I feel like it. Be it only once every few months, or a few times a month. I have some thoughts about the future (and my kids) that I would like to share. Also, “Second Generation FI” (as coined by Choose FI) is very interesting to me.

     

     
    • Financial Independence 0:26 on 2018-01-11 Permalink | Reply

      Hi EurFi,

      Happy New year. Indeed, the blogging could be quite time consuming and not always rewarding (financially wise),
      as income goes up and down.
      I found rewarding to publish my financial performance, as it attracts more interest and keeps me honest about actual performance.
      It is very easy (for me) to sweep bad results under the carpet and pretend it never happen.

      50% savings rate is beyond believe. You are the champion! Taking into account very high income taxes in the NL you are doing amazing! I think there is a lot of blogs out there which publish somewhat unbelievable or unrealistic numbers. Yours was a breath of fresh air.

      In a way we all reach FI, some of us do it at retirement age ;-).

      Thank you for the recommendations. I do like podcasts and big fan of audiobooks, but I also read much faster that listen words.

      Like

  • eurfi 23:12 on 2017-09-06 Permalink | Reply  

    Blog paused until end of 2017 

    The (few) regular readers might have noticed that I only post the monthly net worth and options income report. All other types of postings stopped a few months ago.

    I thought about stopping this blog, but then decided to keep the monthly reports. I was not sure if I would stop the accounting for myself, so I still reported my numbers on the blog.

    Now I’m pausing all blogging. I will re-evaluate at the end of the year whether I will continue with the monthly posts (e. g. if my accounting slips), reduce the frequency of my number reports or if I maybe stop blogging completely.

    My main reason is my lack of (free) time. Kids, an house and (multiple) jobs leave too little time for myself. While I enjoy writing my numbers down and seeing some visitors and even getting a few comments, the time is ultimately better spend on other ventures. My ultimate goal is freedom (from a day job) and so (paid) work is bringing me closer to this than blogging.

    I will not stop my journey. I’m on a very good way and end of 2022 should be the latest date where I reach my goal. If all goes well it could also be end of 2020.

     
    • Financial independence 14:56 on 2017-10-06 Permalink | Reply

      Hi EurFi,

      I am not sure how much the blog contributied to the discipline and your commitment, but from 216 in October 2014
      you are almost doubled your amount by reaching in 396K in September 2017.

      This is in three years. The goal is more important than description. If more time will help you to hit your target by 2022 – so be it.
      You will be missed.

      Writing a meaningful posts with unique content does take time. I hope you will manage to rationalise your schedule and come back whenever you are ready.

      Liked by 2 people

    • eurfi 22:05 on 2018-01-06 Permalink | Reply

      Yes, what a ride. Apart from a few bad months (I will always remember the -30k of October 2014) it was a very steady rise. It is almost too easy.
      My biggest takeaway is “thinking about it (money) really helps”. But I can not attribute this to the blog, as these insights came while I was doing some private/internal planning (I never published these numbers).

      Like

  • eurfi 19:22 on 2017-09-02 Permalink | Reply  

    August 2017 – Net Worth and Expenses 

    May (-200) and July (+100) were two months with no progress. I’m glad that August shows a healthy gain of almost 1 %. The only sad thing: My stock market activity did not contribute to that.

    • brokerage accounts 292.3k (-0.5k)
    • ETFs 17.7k (+0.7k)
    • cash 20.3k (+5.5k)
    • alternative investments 62.2k (-2.0k)
    • taxes 3.5k
    • total 396.0k (+3.8k) [+0.97%]

    Monthly Expenses

    • January 5.2k
    • February 2.5k
    • March 2.5k
    • April 3.3k
    • May 3.1k
    • June 2.1k
    • July 2.3k
    • August 2.1k

    August was the cheapest month so far (a few Euros below June). An yearly total of 33k seems achievable.

     
  • eurfi 7:39 on 2017-09-02 Permalink | Reply  

    August 2017 – Options Income 

    I opened another account, that I will also track from next month on. August was the first negative month for my strategy. But July was exceptionally good.

    Far OTM option selling (MTM)

    • January: +1.9k
    • February: +0.5k
    • March: +0.9k
    • April: +1.1k
    • May: +1.1k
    • June: +1.2k
    • July: +2.6k
    • August: -0.3k

    Far OTM option selling (closed trades)

    • January: +1.6k
    • February: +0.8k
    • March: +0.4k
    • April: +1.5k
    • May: +0.4k
    • June: +0.8k
    • July: +3.2k
    • August: 0
     
  • eurfi 22:41 on 2017-08-01 Permalink | Reply  

    July 2017 – Net Worth and Expenses 

    It sounds like a broken record: the weak Dollar reduced my gains.

    • brokerage accounts 292.8k (-4.5k)
    • ETFs 17.0k (+0.4k)
    • cash 14.8k (+4.5k)
    • alternative investments 64.2k (-1.5k)
    • taxes 3.4k
    • total 392.2k (+0.1k) [+0.03%]

    So, it is barely a profit. My Put Selling is working great, but my other trades not.

    Monthly Expenses

    • January 5.2k
    • February 2.5k
    • March 2.5k
    • April 3.3k
    • May 3.1k
    • June 2.1k
    • July 2.3k

    At least the expenses were low. The second half of the year should be cheaper than the first half. January is by far our most expensive month.

     
  • eurfi 17:08 on 2017-08-01 Permalink | Reply  

    July 2017 – Options Income 

    I missed last month (bad Internet on vacation), but both months were very good. Unfortunately the falling Dollar eliminated some gains (in my home currency – EUR).

    Far OTM option selling (MTM)

    • January: +1.9k
    • February: +0.5k
    • March: +0.9k
    • April: +1.1k
    • May: +1.1k
    • June: +1.2k
    • July: +2.6k

    Far OTM option selling (closed trades)

    • January: +1.6k
    • February: +0.8k
    • March: +0.4k
    • April: +1.5k
    • May: +0.4k
    • June: +0.8k
    • July: +3.2k
     
  • eurfi 22:31 on 2017-07-01 Permalink | Reply  

    June 2017 – Net Worth and Expenses 

    Last month I lamented about the weak Dollar. I can repeat that for June, but this time there is still a nice gain left.

    • brokerage accounts 297.3k (+4.4k)
    • ETFs 16.6k (+0.5k)
    • cash 10.3k (+0.9k)
    • alternative investments 65.7k (-0.1k)
    • taxes 2.2k
    • total 392.1k (+6.6k) [+1.71%]

    In the first half of the year I achieved a 26.4k gain. Projected to end of 2017 this would mean a net worth of 418.5k. I’m not satisfied with my investment returns so far, let’s try to beat this number.

    Monthly Expenses

    • January 5.2k
    • February 2.5k
    • March 2.5k
    • April 3.3k
    • May 3.1k
    • June 2.1k

    June seems to be a cheap month for us in general. I like that.

     
  • eurfi 22:58 on 2017-06-03 Permalink | Reply  

    May 2017 – Net Worth and Expenses 

    The weak dollar (and bad investment performance) led to my first negative month this year. I was hoping to have 12 positive months this year. A few months before were barely positive (but only positive thanks to my high savings rate).

    • brokerage accounts 292.9k (-5.4k)
    • ETFs 16.1k (+1.0k)
    • cash 9.4k (+2.6k)
    • alternative investments 65.8k (+0.1k)
    • taxes 1.3k
    • total 385.5k (-0.2k) [-0.05%]

    I lost over 5k this month, despite having a good month on my put selling.

    Monthly Expenses

    • January 5.2k
    • February 2.5k
    • March 2.5k
    • April 3.3k
    • May 3.1k

    It looks quite challenging to reach my projected yearly expenses of 33k. At the moment we are on track for 36k.

     
  • eurfi 22:45 on 2017-06-03 Permalink | Reply  

    May 2017 – Options Income 

    May was a good month on dollar basis, in Euro it was a loss of 600 Euros. I stopped trading my second account. I will redeploy to another broker soon.

    Far OTM option selling (MTM)

    • January: +1.9k
    • February: +0.5k
    • March: +0.9k
    • April: +1.1k
    • May: +1.1k

    Far OTM option selling (closed trades)

    • January: +1.6k
    • February: +0.8k
    • March: +0.4k
    • April: +1.5k
    • May +0.4k

    I’m looking at MTM numbers, and 1.1k is above my target of 2 %.

     
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