The first of the month can only mean one thing; time to update the spreadsheet and share net worth updates with you all. I’ll share the good times, so-so times and bad times, all under the thin cloak of an alias. So here is May’s review as I lose my dollar millionaire status – and don’t cry over it.
How was May?
- So how has it been generally? May has been fun; with two bank holidays I’ve been away twice and enjoying some time away from home experiencing other cultures.
- I got to see a new country – Portugal on my May Day weekend break to Lisbon. This was a fun weekend away, with amazing weather in Lisbon. I loved the trams and the tiles – the whole city was so photogenic. But as a veggie, the food was less appealing, and there was a lot of petty crime openly happening, which put a bit of a downer on it.
- I was featured in Chief Mom Officer’s Women on FIRE series – thanks Liz! I love the work Liz does to amplify female voices and to help change the narrative that female breadwinners are unusual – such a feminist role model, raising other women up alongside her.
- My portfolio trustee career is growing; in addition to my financial inclusion volunteer work, I now have two feminist trustee roles, which are both awesome. My favourite interview process so far, was when I got to rant about the patriarchy for 10 minutes. And they loved it! And also a fair few rejection new letters to add to my ever expanding collection.
- And for the second bank holiday, I explored a new area in the UK – Northern Ireland. I’ve only been once before when passing through to Ireland, thus I have never spent any time here. The coast was gorgeous, with the rope bridge and giants causeway being worthy places to visit, despite the crowds. And learning more about the troubles was really interesting, as I still remember when the bombing campaign was active and there were tanks and soldiers on the streets.
A cold war classic Chess was the theatre of the month, a retro musical featuring some classic tunes. Even if you’ve never heard of the musical, surely you’ve heard this duet – I Know Him So Well – sung by Elaine Page and Barbara Dickson in the concept album.
This was the first West End revival of the musical in 30 years, and it was amazingly staged – I wouldn’t have a thought a chess tournament could be exciting, but I was proven wrong. Add in the A list cast, with Michael Ball taking on the Russian role. Overall a great musical with the staging, plot and singing coming together perfectly.
Although I will say this musical fails the Bechdel Test – the plot is very much focused on the love triangle between one man and two women. And obviously, the singers playing the women are younger than the man, easily young enough to be his daughters, which felt more than a little bit icky. Conflicted!
May’s spending was a bit higher than normal due to the holidays, but I’m not worried about this, and expect this will balance out over the next few months.
Show me the numbers
And May has been an interesting month market wise – there have been some rises, but a lot of the gains seem to be due to the pound devaluing yet again. As I get closer to FIRE, I’m paying much more attention to these variances and making sure I have a plan that accounts for sequence of returns risk.
With that said, my figures for May are:
- Net Worth up to £743k
- FIRE fund up to £481k
- Which is 64% to the £750k target – on track to FIRE in less than three years!
Losing my millionaire status
So, you know I said that the pound has devalued? Despite my net worth increasing £14k, I am now no longer a dollar millionaire, as I’m down to $986k. It does make me think, how susceptible to currency risk am I? And if I end up FIRE’ing around Brexit transition time, am I taking big risks here? Given I plan to travel abroad when I FIRE, this becomes more relevant to me.
Over to you
- How about you?
- How has May been for you personally?
- And numbers wise?
- Who else has lost their millionaire status?
- And currency risk – are you worried about it?
Looking forward to your thoughts and ideas – all are welcome.