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  • 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.

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    • 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 1 person

  • 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 %.

     
  • eurfi 7:39 on 2017-05-03 Permalink | Reply  

    April 2017 – Net Worth and Expenses 

    April was looking quite good in the latter half of the month, but the strong rally after the French election was not good for my (slightly bearish) option positions. My stocks – mostly REITs – did not participate in the rally, instead they lost as well.

    • brokerage accounts 298.3k (-4.5k)
    • ETFs 15.1k (+0.9k)
    • cash 6.8k (-12.9k)
    • alternative investments 65.7k (+20.1k)
    • taxes -0.2k
    • total 385.7k (+3.4k) [+0.9%]

    I moved some money around, so the brokerage accounts actually show a small gain (about 0.5k). Also, the huge increase in alternative investments is by investing new stuff, not actual gains. I’m currently getting around 300 Euros each month out of it (before taxes).

    Monthly Expenses

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

    April looks expensive, but there is 1.1k for our first cruise included.

     
  • eurfi 7:01 on 2017-04-29 Permalink | Reply  

    April 2017 – Options Income 

    April was a very good month for my put selling strategies. Unfortunately, the weaker Dollar reduced my profits from 1.900 Dollars to just 400 Euros.

    Far OTM option selling (MTM)

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

    Far OTM option selling (closed trades)

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

    Second account (MTM)

    • March: +0.3k
    • April: +0.8k

    Second account (closed trades)

    • April: +1.1k

    The relief rally after the french election was very positive for my put selling strategies. Unfortunately, my main accounts suffered from the strong up move. Even the stocks I have (mostly REITs) could not profit.

    The challenge now is to (quickly) fill the inventory to be able to earn money in May. Yesterday I opened a first position and intent to open at least two more next week.

     
    • Financial Independence 11:43 on 2017-05-03 Permalink | Reply

      Hi eurfi,
      I quite benefited from strong euro and moved a lot from eur to weaker usd. I do not think that PIGS and the Brexit will help the stability. Congrats on the first cruise. I have been looking into one myself but decided to postpone it for the time being.

      Like

      • eurfi 14:30 on 2017-05-04 Permalink | Reply

        I can report afterwards how we liked it. Maybe we do it too early – one kid is still on diapers…

        Like

        • eurfi 23:01 on 2017-06-03 Permalink

          There is day care for kids on board. Unfortunately they did not accept our youngest kid (because of the diapers). But next year it will be a great vacation. We all liked it, our kids more than my wife. But it was okay for her too.

          Like

    • Team CF 14:14 on 2017-05-08 Permalink | Reply

      That is quite the options income for April! Well done. It already covers about a third of your expenses for the month (pays for the cruise charge actually 😉 )

      Like

      • eurfi 23:07 on 2017-05-08 Permalink | Reply

        I look at MTM numbers. So, 1.9k is usually more than half of our expenses. Yes, the cruise is covered. 🙂
        April was really good for put selling.

        Like

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