Money

Net Worth and other updates – February 2019 (+£9k)

So, what happened in February? Much interesting to report?

How was February?

  • Like it does every year, February flew by. I got another year older, yet I’m not sure I got any wiser. Seriously, at what age will I start to feel like a grown up?
  • This month my travels were out to Spain – Seville this time followed by a visit to my Dad’s place.
  • Seville is one of those Spanish cities I’ve always wanted to visit. However,  it never made it up to the top of my list. Until now. And wow, it was worth it. Such a pretty city, with amazing cobbled alleys to get lost in. Not to mention churros.
  • The old buildings and palaces and the cathedral are mindblowing. Moorish influences abound. And the bell tower used to be a minaret.
  • I was amazed to see so many oranges on the trees in February! It was glorious and just so unexpected for me.
  • Ms ZiYou SevilleOperation Dating has been proving quite successful. However, it is very time-consuming and causes a lot of self-reflection and self-doubt.
  • Next on my 2019 Goals, making small progress on these but no major strides this month.
  • And into the start of March, I was lucky to meet Weenie from Quietly Saving, Mrs and Mr Fu from FIUK money and some non-bloggers at a Manchester FI meetup. It was my perfect sort of meetup – small with loads of interesting attendees – and lots of women! It made me think, maybe we need a smaller scale London meetup…..

#theatreofthemonth

And this month my best theatre was another Shakespeare…..Timon of Athens by the RSC. A story of personality, relationships and money – and cannily similar to the Merchant of Venice in my thoughts. Yet I’ve no idea why it’s not staged more often. It felt very relevant to the current political climate, welfare state and inequality discussions.

 

Spending

For the last 12 months,  my spending is coming in at £21.1k which gives me that comfortable 80% savings rate. And nothing particularly remarkable about the month – all quite ordinary expenditure. Having said that, there has been a bit too many drinks out, something not helped by all the dating. With the weather being cold and wet, pubs and coffee shops are proving ideal date venues.

Show me the numbers

Straight into the numbers: my figures for February (vs January ) are:

  • Net Worth at £792k (+£9k)
  • FIRE fund at £530k  (+£9k)
    • Which is 71% to the £750k target
    • 24.1 x current annual expenses

It was another tumultuous month in February, with my portfolio moving a lot through the month – some weeks losing £15k, other weeks gaining it back. And I’m getting more and more comfortable with the volatility, which can only be a good thing.

People keep asking me if I still plan on FIREing in less than 2 years – and my answer is still only time will tell. At this stage, I am playing it by ear, and making sure I am in the best place whatever happens. In addition, I run a few basic forecasting models, and I’d need ~4% return for my worst-case scenario. In conclusion, not a dead-cert yet, but nonetheless more than likely.

Digging into the stats (geek alert) I aim for a 95 stock / 5 bond split and still in the right ballpark here. Then for the country allocations – not really any major changes since last month – all ticking over nicely.

I always like to check my top 10 underlying holdings for any movement.  Some small movements here as Taiwan Semi is replaced by Samsung.

  • 1.31% Microsoft
  • 1.20% Apple
  • 1.03% Amazon
  • 1.01% HSBC
  • 0.97% Tencent
  • 0.86% Alibaba
  • 0.86% Shell Class A
  • 0.85% BP
  • 0.71% Shell Class B
  • 0.71% Samsung

So, how are the returns of the portfolio looking? The five-year yield is coming down, but the 3 months and 1-year yield are back to positive, albeit still under inflation. For a volatile period with lots of political and business uncertainty, I am comfortable with these yields.

  • 3 Months 0.27%
  • 6 Months -4.26%
  • 1 Year 1.48%
  • 3 Years Annualised 14.46%
  • 5 Years Annualised 10.71%

Next, on the fund charges, the weighted aggregate charge of all my holdings is holding steady at a respectable

  • 0.15%

Related Posts

Over to you

  • How about you?
  • How has Febuary 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.

 

 

13 comments on “Net Worth and other updates – February 2019 (+£9k)

  1. I’m not sure when or if we ever feel truly ‘grown up’, perhaps because we are someone’s child so that relationship keeps us someplace else?
    I’ve deliberately not looked at our finances for over a month because we are leaking cash with the final push of DIY operations to prep the house for sale in readiness for the big move to Cumbria. Might need to do a tally up once it’s all done so we get back on track.

    1. Thanks Tuppeny – that does make sense on feeling grown up.

      Good luck on the final preparations, can’t wait to hear all about your big move and house sale.

  2. Well even if you don’t feel like a grown up you’re definitely leading a grown up life. What fantastic month, friends, travel, theatre and solid progress on your finances. That’s a lot of what’s good in life right there.

    I saw the RSC’s Macbeth last month. It was uneven acting but I do like the way they re-imagine the plays. Looking forward to things warming up so that I can get to the Globe. In fact I may even try to get to the Sam Wanamaker theatre to try to catch the end of the winter season but it’s not as much fun as the main Globe.

    1. Thanks Caveman. I love the Globe as well, it’s such a fun theatre and I love being a groundling and being in the middle of the action.

      I’m less keen on the Sam Wannamaker, it’s lovely but more pricy and really uncomfy!

  3. Hi Ms ZiYou

    It was lovely to finally meet you face to face on Friday!

    Funny that you mention that the meetup was your ‘perfect sort’ of meetup and I would agree with that. All previous meetups I’ve attended have been a maximum of around 15 people and I’m comfortable with that number (or less) – I’m not sure about the huge London events and would probably be interested in the smaller scale ones you’ve pondered on…

    I didn’t want to ask you about ‘operation dating’ when we met the other evening – thought I’d wait til you posted about the gory details as I’m sure it’ll make an interesting read!

    I’m glad you mentioned the oranges as that was the first thing that came to my mind! I remember not liking marmelade for a long time, until someone gifted me some from Seville!

    “what age will I start to feel like a grown up?”

    I’m not sure I will ever feel like a grown up!

    1. Hi Weenie – agreed, I’ll never feel like a grown up either. Peter Pan got something right I feel!

      The oranges were really, really noticeable in Seville. I wanted to eat them but didn’t know if that was acceptable or uncouth. I eat brambles, so you know?

      Operation Dating will make some awesome posts – I’ve got some drafted but need to get them ready to go out.

      And your Manchester meetup was the perfect size. I shall ponder how to get that many people together in London…

  4. I’m pretty jealous that you can live, travel and sstill only spend less than £2k a month.
    We are contemplating a trop to France in June and the flights alone will be £400-£500 return.
    And Churros are great! (even if they are a bit surgary)

    1. Hey GFF – sugar is good in my world 🙂

      And on the monthly budget – I think you are comparing one apple to 2 apples and 2 plums there. I bet your per person budget is about the same!

      1. yeah – on monthly budgets, I notice that some bloggers quote low expenses but neglect to mention that their partner’s figures are not included.
        Multiplying anything by 2 and you get a bigger number – multiply it by 4 and you get a MUCH BIGGER NUMBER!

        Gone are the days of £10 one way flights – I miss them.
        But at least I get a bit of travel for work and we recently took advantage of that for a trip to Glasgow and London + Oxfordshire for a week.

  5. Great month Ms Zi You, I can’t wait to hear about Operation dating, I am sure it will be quite interesting:)
    My February wasn’t that great on the dividend income front but I finally finished my volunteer training and started early March. It was one of my goals for quite a while so very excited about it:)
    Cheers

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