Search found 42 matches

by fingeek
Mon Apr 30, 2018 4:15 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Thank you for this update. This year sounds promising. You are on your last 10% on your way towards FI. Congratulations. Now you have the challange to manage the transition time. I wish you best luck. Please keep us update, because it is always a great way to share experiences and wisdom. Good to s...
by fingeek
Mon Apr 30, 2018 4:04 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Update for April: Primary job income cover (How much of my primary salary am I saving?): 78%[1] (Mar: 91%) Savings Rate: 60%[1] (Mar: 70%) Current net worth (not including home): £270,123 (Mar: £265,752) To cover "fixed expenses" (lean FIRE): Current Withdrawal Rate requirement: 6.2% (Mar: 6.3%) NW ...
by fingeek
Mon Apr 02, 2018 7:04 am
Forum: DIY Skills Questions
Topic: The coffee problem
Replies: 17
Views: 1052

Re: The coffee problem

Take a flask of espresso, and mix with hot water. That should make 8+ cups, and presumably that's enough for the day? I came off caffeine about 6 months ago and its been a good move. Caffeine no longer had a positive impact on alertness, but I still had the downsides (mood, jitters, etc). I now drin...
by fingeek
Mon Apr 02, 2018 5:51 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Q1 update on yearly plan 1. Fix/simplify asset allocation, and reduce costs. DONE 100%. Decided to go for the VG world, after reading https://theescapeartist.me/2015/07/28/the-simplicity-portfolio/, https://www.youtube.com/playlist?list=PLuiNUdHn5MgDtaxAFFhiKPispiwlxfiQk, and some other reading. ETF...
by fingeek
Mon Apr 02, 2018 5:28 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Update for March: Savings Rate compared to job income: 91% (Feb: 91%) Savings Rate compared to all income: 70% (Feb: 69%) Current net worth (accessible assets, not including home): £265,752 (Feb: £260,880) To cover "fixed expenses" (lean FIRE): Current Withdrawal Rate requirement: 6.3% (Feb: 6.4%) N...
by fingeek
Tue Mar 06, 2018 10:03 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

If you can lower your expenses by using ERE principles, I think you can even shorten your years of saving to 4%. I think the assumption you made was that we're not living a really frugal life at this moment - And you are absolutely right! This is something I think we will look at more closely this ...
by fingeek
Tue Mar 06, 2018 9:54 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Hi wolf. The way I calculate my SR might be a bit off, but it helps me keep the goal in sight. I calculate my SR against my "normal" job, and don't include other investment/property income. Here's a snapshot of my monthly ins and outs: Income: - Job: £4,200 net - Property: £950 - Investments: £200 -...
by fingeek
Fri Mar 02, 2018 1:06 pm
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Update for February: Savings Rate compared to job income: 91% (Jan: 91%) Current net worth (accessible assets, not including home): £260,880 (Jan: £258,520) To cover "fixed expenses": Current Withdrawal Rate requirement: 6.4% (Jan: 6.6%) NW deficit to 4% SWR: £157.191 (Jan: £168,244) Years of saving...
by fingeek
Fri Mar 02, 2018 12:54 pm
Forum: ERE Journals
Topic: wolf's journal
Replies: 24
Views: 1873

Re: wolf's journal

Interesting to see your passive interest % increase since Jan, and also your yearly expenses/WR rate increase a bit too. Has your investment portfolio performed well over last two months, or something else to explain the increase?
by fingeek
Fri Feb 23, 2018 1:08 pm
Forum: Lifestyle Questions
Topic: Eliminating Facebook from our lives?
Replies: 60
Views: 9295

Re: Eliminating Facebook from our lives?

I deactivated my Facebook account two months ago, and I'm notably happier since. I did have a bit of FOMO, but then tested the assumption "If it's important, it will find its way to me" - And it works (At least I think so... ignorance is bliss). Instead, I make a point of meeting friends and family ...
by fingeek
Sun Feb 11, 2018 4:52 pm
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Thanks for the reply! Yes I have considered/calculated it. Back in 2007, I had a single let but it's net yield/ROCE was pretty poor, around 5%. At the time, I could get better return on deposit so I sold up. Current, I have a few higher yielding properties (HMOs) and I'm currently embarking on a sma...
by fingeek
Sun Feb 11, 2018 10:07 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Basically, I asked myself the question - "What do I need to do to be capable and confident of leaving work in August 2018?". And of course that's invest, build income streams and reduce expenses. But it was also about trial-running the system to build confidence too. How about your confident to lea...
by fingeek
Sun Feb 11, 2018 9:59 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Update for January: Savings Rate compared to job income: 91% (Nov: 91%) Current net worth (accessible assets, not including home): £258,520 (June: £203,737) [1] To cover "fixed expenses": Current Withdrawal Rate requirement: 6.6% (Nov: 8.4%) NW deficit to 4% SWR: £168,244 (Nov: £222,373) Years of sa...
by fingeek
Sun Feb 11, 2018 9:55 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Review of 2017: 2017 Q1: 33 - 11% WR - Hit the initial goal of 11% SWR (50% actively managed direct property portfolio, 50% passive FTSE/similar). 2017 June: 33 - 9.8% WR - Single figures! 2017 Dec: 34 - 8.0% WR (vs projected: 8.4% WR) "By August 2017: System capable of covering 100% of basic living...
by fingeek
Sat Jan 27, 2018 10:39 am
Forum: ERE Journals
Topic: wolf's journal
Replies: 24
Views: 1873

Re: wolf's journal

Excellent - No more 2024! I think you're right to not obsess too much about "FI". In my experience, the obsession becomes unhappiness. Good luck, and look forward to your next post 😁
by fingeek
Sat Jan 27, 2018 7:00 am
Forum: Money Questions
Topic: Stop order slippage risk
Replies: 5
Views: 449

Re: Stop order slippage risk

Stop-limit order: Protect the downside risk, if price moves against you. Stop-limit order: Buy if price drops to your order level - "Buy the dip" / "Catching the falling knife" :-). I don't think a stop-limit is what you're looking for. I've used s stop-limit successful for many years, to lock in ga...
by fingeek
Fri Jan 05, 2018 7:55 pm
Forum: ERE Journals
Topic: Journal of MDFIRE2024
Replies: 142
Views: 11781

Re: Journal of MDFIRE2024

I love that your invested% and income% continues to increase, and look forward to seeing it increase quicker. It would be great to see your *real* time to FI, based on projection to target SWR, rather than just counting down. Maybe it's slightly better than you think, or perhaps you might overshoot ...
by fingeek
Tue Nov 28, 2017 1:30 pm
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Thanks! I'm not sure if you recall, but about a year ago I shifted much of my investment so it started to pay for most of the basic expenses. This is why almost all of my work-salary is now available for investment. 6k monthly sounds about right - Approx £3750 per month from salary, and an additiona...
by fingeek
Tue Nov 28, 2017 10:04 am
Forum: ERE Journals
Topic: Journal of MDFIRE2024
Replies: 142
Views: 11781

Re: October 2017 financial status

Savings Rate = 87% (12 months rolling average) Withdrawal Rate = 8,1% (12 months rolling average + Margin of Safety) yearly expenses = 5815€ (12 months rolling average) FI = 42% (accumulated FI-money compared to FI-goal of 350k€) invested = 55% (invested FI-money in stock market, rest of it in cash...
by fingeek
Tue Nov 28, 2017 9:49 am
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 28
Views: 2078

Re: Fingeek's Journal

Wow, it's been a bit too long since my last update! Not a huge amount has changed in terms of income and expenditure, though the NW is steadily increasing. Here are the updated figures: Savings Rate compared to job income: 91% (June: 91%) Current net worth (accessible assets, not including home): £2...
by fingeek
Tue Oct 10, 2017 1:26 pm
Forum: ERE Journals
Topic: Bristol ERE journal.
Replies: 67
Views: 14112

Re: Bristol ERE journal.

Wow, £8k in - great!

FWIW, I'm also not convinced about SIPP investment at an early age. Are you filling your ISA allowance each year? If not, that's worth looking at - Even if you fill a cash ISA, that gives you an option to move it into an S&S ISA when you choose to.
by fingeek
Sat Jul 22, 2017 7:11 am
Forum: Money Questions
Topic: Investing first £25k (UK)
Replies: 15
Views: 1828

Re: Investing first £25k (UK)

Haven't the tax rules changed for UK property investors recently? I'm pretty sure it doesn't look so favourable now if you are highly leveraged. Indeed. The long-and-short of it is: * Lower band tax payer - No change. * Higher earner & BTL mortgage - More tax to be paid. * No BTL mortgage - No chan...
by fingeek
Sat Jul 22, 2017 7:08 am
Forum: Money Questions
Topic: Investing first £25k (UK)
Replies: 15
Views: 1828

Re: Investing first £25k (UK)

UK premium bonds are as good as cash in a FSCS-covered bank. The interest rate equivalent is 1.15%, so compared to UK savings accounts that's quite attractive (And hey, maybe you'll win the million ;-)). It's important to also understand the risk of various investments. Cash and premium bonds have l...
by fingeek
Fri Jul 21, 2017 6:16 am
Forum: ERE Journals
Topic: Journal of MDFIRE2024
Replies: 142
Views: 11781

Re: Journal of MDFIRE2024

That's really great - Glad it's going well for you! Having a bad neck/back/head can be quite common on a vacation from a high-stress job (I often get these, unless I start wrapping up mid-week the week before I leave)... I wonder if it's that? I really need to try a FIRE-simulation in the coming mon...
by fingeek
Mon Jul 03, 2017 10:58 am
Forum: ERE Journals
Topic: Journal of MDFIRE2024
Replies: 142
Views: 11781

Re: Journal of MDFIRE2024

5.1% WR - wow! It's crazy how long the long tail is from 6% down to 3-4%, and I hope you are fortunate enough to have your investments bring your FIRE date closer 😀. Do you have a plan for when you leave work? Have you considered seeing how you could pull FIRE date closer?