Updates from June, 2017 Toggle Comment Threads | Keyboard Shortcuts

  • 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 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 23:10 on 2017-04-03 Permalink | Reply  

    March 2017 – Net Worth and Expenses 

    During March I had the impression it would be a slow month (meaning: not much progress), but in the end it turned out 2.3 % gain.

    • brokerage accounts 302.8 (+3.5k)
    • ETFs 14.2k (+1.3k)
    • cash 19.7k (-3.7k)
    • alternative investments 39.7k (+5.9k)
    • taxes 0
    • total 382.3k (+8.2k) [+2.2%]

    Like last month, if there are changes in “cash” and “alternative investments” I bought or sold some investments (similar to peer-to-peer lending).

    Monthly Expenses

    • January 5.2k
    • February 2.5k
    • March 2.1k (Update: 2.5k)

    I really tried to stay below 2.0k, but I didn’t make it. I had some purchases, that I delayed or didn’t make, but in the end I was about 130 Euros over my goal. Update: I forgot one expense (it was on credit card and the bill came on 5th of April). We are going on a cruise soon and I partially paid for the trip.

    Quarterly Goals

    Every quarter I set some goals (or more like a direction) for the upcoming quarter. In Q2 I would like to spend more time with my kids outdoor (in the forest or by bike). Another topic is “simplify” – I would like to get rid of some stuff. My wife already sorted out her clothes (a huge pile). I have a hard time to say good bye to still functional clothes. (Although my wife has sometimes a different opinion about what is still okay and what not.)

     
  • eurfi 23:47 on 2017-03-02 Permalink | Reply  

    February 2017 – Net Worth and Expenses 

    February was a quiet month. In my brokerage accounts I’m mostly in cash – so no risk, but also no income.

    • brokerage accounts 299.3k (+0.3k)
    • ETFs 12.9k (+0.9k)
    • cash 23.4k (+8.0k)
    • alternative investments 39.7k (-4.6k)
    • taxes -1.2k
    • total 374.1k (+4.5k) [+1.2%]

    Monthly Expenses

    • January 5.2k
    • February 2.5k

    Like I said last month, our expenses should be around 2.5k each month. Notable expenses were 410 Euros for car inspection and 160 Euros for IKEA. Maybe March will be a very cheap month – below 2.0k might be possible.

     
  • eurfi 20:44 on 2017-02-01 Permalink | Reply  

    January 2017 – Net Worth and Expenses 

    The first month of the new year is already over. I changed some accounting tactics and January will be from now on a very expensive month. In the past I “distributed” certain expenses (pension contracts in this case) evenly over the year. I pay them in January and from now on I will fully book them in January.

    In a comment on 1500 Days I mentioned 370k as our current net worth. Was a little bit too optimistic, but close enough to count as rounding error. I missed it by 400 Euros:

    • brokerage accounts 299.0k (+3.5k)
    • ETFs 12.0k (+0.0k)
    • cash 15.4k (-7.7k)
    • alternative investments 44.3k (+9.0k)
    • taxes -1.1k
    • total 369.6k (+3.9k) [+1.1%]

    Monthly Expenses

    • January 5.2k

    In 2016 our expenses were 35k (34.7k). In 2017 I hope to be around 33k. So, apart from January, our monthly expenses should be around 2.5k to reach this.

     
  • eurfi 21:32 on 2017-01-01 Permalink | Reply  

    December 2016 – Net Worth and Expenses 

    Back in November I started a bearish leaning trade that did not work out at all. It had the potential to destroy my goal of reaching 360k net worth by the end of the year. But it turned out well – I made it!

    • brokerage accounts 295.5k (+2.5k)
    • ETFs 12.0k (+1.5k)
    • cash 23.1k (-26.8k)
    • alternative investments 35.3k (+0.1k)
    • taxes -0.2k
    • total 365.7k (+7.6k) [+2.1%]

    I had to pay my taxes for last year. ETFs gained nicely.

    Monthly Expenses

    • January 2.8k
    • February 2.6k
    • March 3.4k
    • April 3.7k
    • May 3.3k
    • June 3.2k
    • July 2.9k
    • August 2.6k
    • September 2.9k
    • October 2.7k
    • November 2.5k
    • December 2.4k

    December was a cheap month, despite the usual Christmas gifts. Our yearly expenses were 34.7k – well below the target of 36k. I have some error in my accounting, running expenses are always higher than the final number.

    I will talk about the full year numbers in a detailed post. Yearly goals will follow too.

    I wish all my readers a happy New Year and a successful 2017.

     
  • eurfi 22:18 on 2016-12-02 Permalink | Reply  

    November 2016 – net worth and expenses 

    November was the post-election month and the markets did surprise me. I did not expect this rally! In the end it was a positive month and I’m closer to my year-end goal of 360k.

    • brokerage accounts 293.0k (+1.3k)
    • ETFs 10.5k (+0.5k)
    • cash 49.9k (+3.0k)
    • alternative investments 35.2k (-0.1k)
    • taxes -30.5k
    • total 358.1k (+4.4k) [+1.2%]

    Monthly Expenses

    • January 2.8k
    • February 2.6k
    • March 3.4k
    • April 3.7k
    • May 3.3k
    • June 3.2k
    • July 2.9k
    • August 2.6k
    • September 2.9k
    • October 2.7k
    • November 2.5k

    Yeah – the lowest month of the year! Running expenses for the year are now below 36k (which is my goal).

    About this blog

    I will spend less time on this blog in the future. This means comments will take much longer to get published and my next post will be in the beginning of the new year. My previous “Escape 9 to 5” is more or less failed (at least stalled). So to be free earlier, I’m working on a new way to earn around 1k each month (which will be selling my time doing programming).

     
    • spaarolifantje 22:47 on 2016-12-02 Permalink | Reply

      Nice, you are definitely getting close to that 360k goal!

      Like

    • homoinvestor 19:51 on 2016-12-06 Permalink | Reply

      Hi eurfi!

      How are you going to sell your time? As a freelance? I’m also looking for new income streams and programming is on my skills.

      Kind regards,

      Homo Investor.

      Like

      • eurfi 22:40 on 2016-12-06 Permalink | Reply

        Yes, I found a company that pays me for each hour I code.

        Like

        • homoinvestor 22:42 on 2016-12-06 Permalink

          Which technology? I’m a spaniard… Do they hire international people?

          Like

        • eurfi 23:23 on 2016-12-07 Permalink

          An old, unsexy technology. I don’t want to name it.
          It is a very small shop, I doubt they would even hire another developer.

          Like

  • eurfi 0:34 on 2016-11-02 Permalink | Reply  

    October 2016 – net worth and expenses 

    October was – for the most part – very quiet on the financial markets. My trades did well. Only in the last few days I had to give back some gains. Overall I’m a big step closer to my year-end goal of 360k.

    • brokerage accounts 291.7k (+5.0k)
    • ETFs 10.0k (+0.7k)
    • cash 46.9k (+0.8k)
    • alternative investments 35.3k (+0.4k)
    • taxes -30.2k
    • total 353.7k (+5.6k) [+1.6%]

    Monthly Expenses

    • January 2.8k
    • February 2.6k
    • March 3.4k
    • April 3.7k
    • May 3.3k
    • June 3.2k
    • July 2.9k
    • August 2.6k
    • September 2.9k
    • October 2.7k

    I’m very pleased with our low expenses (we spent almost 400 Euros on used Lego). Our running total for the year is 36.6k – we can achieve 36k for the year (November last year was 3.3k – above average).

    Camper Van Savings Account

    • July 2.2k (monthly savings 37 Euros)
    • August 2.6k (monthly savings 165 Euros)
    • September 3.0k (monthly savings 165 Euros)
    • October 3.2k (monthly savings 165 Euros)

    Our monthly savings will decrease from November on, because we bring back a saved expense (sports club membership for our oldest kid). At least it will be a little bit less than last time.

    As this section is a bit boring, I will leave it out from next month on. I will only mention it, if something remarkable happens.

     
    • Financial independence 17:02 on 2016-11-26 Permalink | Reply

      I am amazed that you manage to go from 216.9K in October 2014 to 353.7 in 2016.
      This is 137K over two years or 68.5K a year. Amazing progress!

      Have you try to analyse how much came from savings, passive and active investments?

      Like

      • eurfi 22:22 on 2016-11-29 Permalink | Reply

        I have not analysed this. But would be interested in it as well 😀

        2015 was my best year – active investing brought in 55k. I usually calculate with 20k savings. Currently there is not much passive investment left (maybe 2k in total return). In January 2017 I will analyse that for 2015 and 2016. Looking forward to it.

        Like

      • eurfi 23:03 on 2017-01-10 Permalink | Reply

        In 2014 my income from active investing was only 5.7k. In 2015 it was 62.9k and in 2016 24k. All numbers are after taxes.

        Like

  • eurfi 20:13 on 2016-09-01 Permalink | Reply  

    August 2016 – net worth and expenses 

    This month looks like an impressive jump (+8 %), but over 21k of the gains is from terminating a pension contract. I will be terminating another one at the end of the year and two more next year. All of these will lead to around 600 Euros less in expenses! We do not need this money with 65, we need it now. The less we spent, the more we can save and the earlier we can reach financial independence.

    • brokerage accounts 280.6k (+0.9k)
    • ETFs 8.7k (+0.8k)
    • cash 59.7k (+34.9k)
    • alternative investments 19.9k (-11.0k)
    • taxes -27.3k
    • total 341.6k (+25.3k) [+8.0%]

    My goal for the end of the year is 360k. This means I need to make around 4k each month with our investments. This is possible, but the market has to cooperate. 😀

    Monthly Expenses

    • January 2.8k
    • February 2.6k
    • March 3.4k
    • April 3.7k
    • May 3.3k
    • June 3.2k
    • July 2.9k
    • August 2.6k

    August was a quiet month – I like it like that. We bought some stuff, so even below 2.5k would have been possible. We have a vacation coming for September (and a lot of driving), so I’m afraid we might be over 3k again.

    Camper Van Saving Account

    • July 2.2k (monthly savings 37 Euros)
    • August 2.6k (monthly savings 165 Euros)

    Like I hoped last month, this month our no-longer-expenses have 3 digits (almost 165 Euros). The next big jumps will come in 2017.

     

     
    • spaarolifantje 22:59 on 2016-09-02 Permalink | Reply

      Are there disadvantages to terminating pension contracts? Do you have to pay fees? Or lose tax benefits?

      Personally, I’m in the Netherlands and I’m using my retirement investing options to fund my life after official retirement age, because using those accounts gives me nice tax benefits (42% of the investments are returned to me at tax time). Besides that, I also invest outside of retirement accounts to fund my life before official retirement age.

      So I see my retirement as two time periods: one before official retirement age, to be funded from regular investments and savings, and one after official retirement age, to be funded by social security and my official retirement accounts.

      Like

      • eurfi 10:59 on 2016-09-03 Permalink | Reply

        These were private contracts, a blend between investing and insurance. For a lack of a better word I called it “pension contracts”.
        They have a very high fees, so it was a mistake signing them in the first place. But this was years ago and I didn’t know better back then. Today I would never sign them in the first place.
        The gains were tax free, but what benefit is this if the gains are minuscule?

        I could approach it like you: early retirement and regular retirement. I’m aiming for not touching principle. So I would like to generate 2k per month in income, without selling stocks or ETFs. Then regular retirement income (which we will also get) is nice, but not important. I would rather have the money now, instead of in 25 years.

        Like

  • eurfi 20:26 on 2016-07-31 Permalink | Reply  

    July 2016 – net worth and expenses 

    This month would have been slightly negative. But I decided to pull an accounting trick and am now slightly positive.

    So far I did not track our IKEA and Amazon voucher balances. The Amazon one is from this month, but the IKEA balance is from December 2014. So I adjusted all prior months in my spread sheet (but not on the web site). Last months net worth goes from 315.1k to 316k.

    • brokerage accounts 279.7k (-2.4k)
    • ETFs 7.9k (+1.0k)
    • cash 24.8k (+3.2k)
    • alternative investments 30.9k (-2.2k)
    • taxes -27.0k
    • total 316.3k (+0.3k) [+0.1%]

    I sold some of our alternative investments (very illiquid). Rising stock prices were a pain to my complex option positions. Each share holder smiles, and I can not sleep. This lead to my renewed interest in a dividend portfolio.

    Monthly Expenses

    • January 2.8k
    • February 2.6k
    • March 3.4k
    • April 3.7k
    • May 3.3k
    • June 3.2k
    • July 2.9k

    Finally a month below 3k! Let’s repeat it in August.

    Camper Van Savings Account

    • July 2.2k (monthly savings 37 Euros)

    The idea behind our Camper Van Savings Account is explained here. If all goes well, the monthly savings for August will have 3 digits. These are regular monthly expenses that we cut. My primary goal for this savings account is to reduce our monthly expenses. We are earlier free if we have a smaller footprint.

     
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