Money

Net Worth and other updates – August 2018 (+£6k)

As the weather turns more autumnal in London, it is a clear sign September has arrived. Which means it’s time to review August and get that spreadsheet updated. So how did the month stack up? Another solid performance numbers wise and a fun month.

How was August?

  • As I get older time seems to pass quicker – August has flown by. Perhaps that is because I have been away for a week?
  • I’ve been working at home a lot recently and what can I say? I love working from home – I am so productive and save a lot of commuting time. Hence I end up scheduling my social life on in the office days. And running a lot on work from home days.
  • I was lucky enough to be interviewed on the Countdown to FI podcast –  you can hear us debate the patriarchy and the beauty tax and discuss my love of travel.
  • And UK FI POD is coming along nicely – I’ve four interviews recorded and more scheduled. It is so much fun talking to people about their FI plans – I’m humbled by the variety and ingenuity of their approaches – we all have a common goal but radically different ways of getting there. The trailer is out on most podcast players, I’m just waiting to get approved on itunes before formally announcing the launch.

#theatreofthemonth

Ms ZiYou Fringe Badges

And this month had a theatre extravaganza – the Edinburgh Fringe. I saw so many shows, and it was really hard to choose a favourite. They were all great in many different ways.

Some were moving, some were funny. Some were well done and extravagant and others budget productions where you needed to bring your imagination. There really is something for everyone, no matter how obscure your taste.

Here are three of the shows I really liked (and their badges):

  • Linda – an epic one women show which showcased amazing comedy acting and had a heartwarming message at the end
  • A Self Help guide to being in love with Jeremy Corbyn – as someone who is definitely not in love with Corbyn this was a wildcard pick. But well worth it – who knew political poetry could be fun?
  • Hamilton (Lewis) – a mix between Hamilton the musical and a Lewis Hamilton satire – this low budget musical works really well and is absolutely hilarious.

Spending

So as I mention quite often – I always look at my spending on a rolling 12-month basis – it’s meaningless on a monthly basis alone. Now for August, there was a reasonably spendy trip up to Edinburgh. Nonetheless, my annual spending remained the same and is showing as an 80.5% savings rate for the 12 month period – I’m more than happy with that.

Show me the numbers

Straight into the numbers: my figures for August (vs July) are:

  • Net Worth at £779k (+£6k)
  • FIRE fund at £520k  (+£5k)
    • Which is 69% to the £750k target
    • 23.7 x current annual expenses

That powerful combination of income and market gains pushes my portfolio up again another month. A hefty income and a substantial portfolio work well together.  As I detailed in my post earlier today – I am so grateful for now being rich and wealthy. It has taken me a long time to get here, and I fully intend to bring others up alongside me and show how I achieved this.

My early retirement dream of retiring before my 40th birthday is looking more and more like a reality than a dream. And this is so uplifting and encouraging to me, as I am finally seeing all that hard work and difficult choices pay off.

Now I am getting near the place where I have enough in my pension and need to divert more money to non-pension accounts. I will have 18 years – age 40 to age 58 – I need to fund from my non-pension accounts before my pension will be available to me. So my focus will change to making sure I have enough in my ISA and taxable account to make early retirement happen.

Allocation

Every month I like to check my country allocations – and this month I see nothing untoward, all looking as expected here.

Ms ZiYou Asset Allocation August 2018

And the movement I’ve desired has happened in my top 10 underlying holdings – UK stocks are decreasing down the list – hopefully the sin stock British American Tobacco will leave soon.

  • 1.73% Apple
  • 1.36% Microsoft
  • 1.27% Amazon.com
  • 1.09% HSBC
  • 0.93% Royal Dutch Shell PLC Class A
  • 0.86% BP
  • 0.83% Tencent Holdings Ltd
  • 0.77% Royal Dutch Shell PLC B
  • 0.70% British American Tobacco PLC
  • 0.67% Taiwan Semiconductor

Looking at the performance of my portfolio – remember this is a global passive portfolio –  a bull market still clearly evident.

  • 3 Months 5.69%
  • 6 Months 4.24%
  • 1 Year 10.97%
  • 3 Years Annualised 15.14%
  • 5 Years Annualised 11.93%

And on the charges, the weighted aggregate charge of all my holdings is now down to

  • 0.14%

Related Posts

Over to you

  • How about you?
  • How has August been for you personally?
  • And numbers wise?

Thank you for reading – please leave a comment below and join in the conversation. You can also connect on Twitter or contact me privately.

 

22 comments on “Net Worth and other updates – August 2018 (+£6k)

    1. Thanks GFF – I’m in the anti-LISA camp as I am very likely to need my ISA money before 60 and I already own property. It doesn’t seem worth it to me – especially as I use my full ISA allowance. But there are a small number of people who would benefit.

      It probably helps keep my expenses low that there is only one of me to feed. And the cat also eats Lidl food.

  1. You might have mentioned this. What platform do you use? I’m split between Charles stanley (the majority) and a small amount in hargreaves just because partners sipp is there and easy to keep track of while it’s small and the charges aren’t too much of an issue but need to moved from Charles stanley really now my holdings are higher
    Considering interactive investor. Not sure yet about how easy moving is

    1. I’m with Fidelity at the moment. Good value wise for sizey ETF/share portfolios, but the service is pants and the online account is pants too (but getting better).

      Moving is a pain – you get stuck in a – he said / he said situation – playing mediator and chasing between the providers.

  2. I heard your podcast on CTF and really enjoyed it. It’s refreshing to have a female perspective and it made for a very pleasant commute into work on the train. 🙂
    I’m looking forward to your podcast. I keep searching for it on iTunes but as yet it doesn’t recognise the name. I listen to a LOT of podcast with a 2 hour commute each day, so you can be sure I’ll be subscribing. 🙂

    1. Hi Frogdancer – thanks for listening!

      I can’t wait for itunes to approve the podcast, then I can start releasing them all – no idea why all the other places take a few days, and itunes is now over a week….

  3. Awesome increases in both NW and FF – it must feel great to know that you are making your dream more of a reality!

    Although I’m heading in the right direction, I’m still so far away from achieving my goal, it still doesn’t seem real to me – a lot can still go wrong between now and then! So I’ll keep chipping and plugging away while I can, small steps forwards!

    Switching providers should be made easier (in fact, I thought they had made it easier?) Hopefully, you’ll get to move to a more customer friendly provider. You don’t want to be stuck with a pants platform when your only income will be coming via said platform.

    1. Thanks again Weenie – indeed it’s very surreal yet also very exciting at the same time.

      I totally get that when further away it seems much less real – and yes, I initially had a long list of things that could go wrong.

      And you know what? I don’t think any of the mainstream brokers have good customer service – even HL were useless – so at least now I’ve got a pants one at good price. There is no doubt they’ll fiddle with their charging structure at some point which might cause me to jump ship. But I can cope with the pants platform at the moment.

  4. Great progress as always! Edinburgh festival sounds like a lot of fun. My sister and her partner head there each summer (he’s a comedian), so I definitely plan to go and immerse myself in some culture and drama next year or the year after.

    Look forward to the podcast!

  5. Looking good. That gap between early retirement and 58 (59 in US) is a tough nut to crack. Do you guys have something like the Roth ladder in the US? Anyway, it sounds like a good idea to divert some money to a brokerage account. Keep at it!

    1. Hey Joe – sadly there are no loopholes in the UK to get round the rules. So it’s a right pain, I’m sure I could get some sort of bridging finance if it came to it…But it is definitely a pain.

What do you think?