Bankai's Journal - ERE mode:hard

Where are you and where are you going?
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Bankai
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Re: Bankai's Journal - ERE mode:hard

Post by Bankai » Sat Nov 03, 2018 12:15 pm

Finance

Expenses in October were £1140, or £570 per person (1.05 JAFI annualised). Excluding the capital part of the mortgage payment, expenses were £910 or £455 per person (0.83 JAFI annualised). Other than food and bills, we spent less than £206 on everything else.

Oct SR - 78.4% (inc. pension contributions and capital part of the mortgage payment). This is the third month in a row when I'm at or above "the dream" (75% SR).

YTD SR - 65%

NW - £79.7k - market correction hit me for ~£4k (or 5% of my NW) between my trading account & pensions. Since I sold/was stopped of most of my positions, I'm sitting on the sidelines waiting for the market environment to improve. There are currently too many uncertainties in the market for my style of investing to be profitable.

Health

Workouts - 28 out of 31 days (90%). I'm up to 13 pull-ups (from 7 in mid-July). Benchpress is 91% of bodyweight - would be good to get this to 100% by year-end. Weight is the same as last month - I didn't eat as much as I thought I did.

Walking - 353k steps vs. the target of 310k. YDT I'm at 3m steps & 40k behind the target.

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Shares represents the value of my trading accounts, however I'm currently mostly in cash as mentioned above.

2Birds1Stone
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Re: Bankai's Journal - ERE mode:hard

Post by 2Birds1Stone » Sat Nov 03, 2018 12:23 pm

I continue to be amazed by your low spending. I'm going to try my hardest to get our household spending to <$36k/yr, and even that seems like it will be a struggle.

wolf
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Location: Germany

Re: Bankai's Journal - ERE mode:hard

Post by wolf » Sun Nov 04, 2018 1:44 am

Bankai wrote:
Sat Nov 03, 2018 12:15 pm
1.05 JAFI annualised
Since creating the JAFI-metric, I'm using it also in my monthly controlling. Great to see, that you do, too! :)
And having a JAFI around ~1 is great! Keep the good work, as always.

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Bankai
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Re: Bankai's Journal - ERE mode:hard

Post by Bankai » Wed Nov 07, 2018 4:47 pm

@2B1S - we're not that far away, I'm probably ~35% lower (than $36k) while living in a (much?) lower CoL area.

I think the keys to our low expenses are as follows (in this order):

* (relatively) low mortgage payment
* walking distance to work, groceries & parks (no car)
* my wife likes cooking and does it pretty well (low eating out)
* internet as the ultimate entertainment (no recurring expenses on 'fun')
* 1 cheap holiday abroad per year (£700 for 2 weeks in central/eastern Europe beats £4k for a week in Vegas or Dubai anytime)

@wolf - yeah JAFI & 75% savings rate are good benchmarks to always keep in mind. Being at or around both consistently almost guarantees to reach 4-3% SW at some point over the next several years. Although overkilling both (i.e. 0.8 JAFI & 80% SR) would be even better.

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Bankai
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November update

Post by Bankai » Thu Dec 13, 2018 6:00 pm

Finance

Expenses in November were £1,141 or £571 per person (1.05 JAFI annualised). Excluding the capital part of the mortgage payment, expenses were £911 or £456 per person (0.83 JAFI annualised). Other than food and bills, we spent £249 on everything else. Big win this month was taking food expenditure down to £214. I'm not really sure how this happened since we were not really trying to cut food expenses. Not so great were £33 spent on alcohol & £100 on stuff.

Nov SR - 78.4% (inc. pension contributions and capital part of the mortgage payment). This is the fourth month in a row when I'm at or above "the dream" (75% SR). I wonder how long I can keep dreaming. Probably until the next holiday.

YTD SR - 67%

NW - £81.4k - back to where I was 2 months ago (before the market corrected). I'm still on the sidelines with only one position in my account (~90% cash). The current market environment is still hostile to my investment style & there are no shares setting up constructively. My initial technical screen used to return 150-200 results before, but since Oct it's only ~50. This to me is a confirmation to do nothing. Like hunter awaiting prey, I wait patiently for correct setups. The market can do anything once/if Brexit situation clarifies. And since I use stop losses, risk to reward is just not there yet.

Health

Workouts - 21 out of 30 days (70%). Pretty shitty month as I got slightly ill mid-month and missed several workouts in a row. Also lost focus a bit & didn't eat enough to gain any more weight. BMI is still 20.5. No idea what my body fat is but it's probably single digits. I wouldn't mind gaining a tiny bit of fat along with muscles, but my metabolism even at 36y doesn't make it easy.

Walking - 257k steps vs. the target of 300k. YDT I'm at 3.37m steps & require 15,5k per day to reach the goal of 10k per day for 2018. Considering I'm at 9.7k per day YTD, it's unlikely to happen. Especially that Scotland in December is not the nicest place on earth to walk. It's getting dark at 3 pm & sun sets at 3.40pm. Oh well, I should've built a massive surplus in summer months to be able to afford to slack around Christmas. Let this be a lesson what happens if I walk (save) too little when times are good.

Other

I lapsed again into playing computer games. Most of my free time over the last 1.5 months was wasted on some old strategy games (Heroes of Might & Magic and Civilisation say hello). At least I didn't reinstall Hearthstone or Gwent, otherwise, I'd not be typing this now. But no more! All this stuff is now uninstalled (again, like it was many times in the past) & I'm ready for another few productive months. Until next time I guess... Why this is not as easy as not eating junk?

Anyways, my plans for the rest of the year are:

* continue working out every day, gain 1kg, bench press 100% body mass & hit 15 pull-ups
* re-read ERE & HIFFIAUW
* develop plan/strategy/main themes for 2019

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Jean
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Re: Bankai's Journal - ERE mode:hard

Post by Jean » Thu Dec 13, 2018 8:38 pm

HMM hotseats are our main excuse to meet with some of my friends. My favorite is the 3 (like moste people i imagine...)

wolf
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Re: Bankai's Journal - ERE mode:hard

Post by wolf » Fri Dec 14, 2018 12:30 am

congrats for achieving "the dream" this month!

Well, gaming. I started to play Diablo 3 a few weeks ago. It is getting dark too soon outside. So I experience the same issues. There are only a few months to go and it is going to be better in spring.

I am also on the sideline wrt investing, because of the unknowns in Europe, and rest of the world. Currently I am only saving cash and wait.

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Bankai
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Re: Bankai's Journal - ERE mode:hard

Post by Bankai » Fri Dec 14, 2018 11:14 am

@ Jean - yeah 3rd is the best part, it's not even close. My friends are not really into computer gaming as they all have kids but we play some boardgames every now and then (like, twice a year).

@ wolf - I probably spent couple hundred hours playing Diablo 2 in 2001. Part 3 was missing something in my opinion. I'm counting days to the winter solstice. There were 7h2m between sunrise and sunset today. That's less than 30% of the day.

Sabaka
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Re: Bankai's Journal - ERE mode:hard

Post by Sabaka » Sat Jan 05, 2019 3:03 pm

Your expenses are insanely good man! Congrats on the SR. And I can sympathise with the lack of sunlight issue, even down in Hampshire we're blacked out by 16:30!

Good luck for the new year :)

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Bankai
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Re: Bankai's Journal - ERE mode:hard

Post by Bankai » Sat Jan 05, 2019 3:34 pm

Finances

Expenses in November were £1,170 or £585 per person (1.07 JAFI annualised). Excluding the capital part of the mortgage payment, expenses were £942 or £471 per person (0.86 JAFI annualised). Other than food and bills, we spent £372 on everything else. Food is back up to £273.

Nov SR - 77.7% (inc. pension contributions and capital part of the mortgage payment). This is now 5th month in a row with SR >= 75%. This feels good since I only had 5 months of SR > 75% in prior 4.5 years.

YTD SR - 68%

NW - £82.7k - this is better than I expected at the beginning of the year when I set a goal of £80k NW for this year. However, it's below my revised target of £85k set in September, due to the market correction. I'm still on the sidelines sitting mostly in cash. Vote on Brexit deal is supposed to happen soon & this should add some clarity as to where the market is going this year. For now, I'm not tempted to re-enter.

Health

Workouts - 28 out of 31 days (90%). I reached 2 out of 3 fitness targets I set last month - bench press 100% of body mass (102%) and 15 pull-ups (16). I did not gain any weight though. I need to do the same with feeding as I've done with lifting: plan, execute, track, make habitual.

Walking - 238k steps vs. the target of 310k. I ended the year with 3494630 steps walked (+/- the accuracy of the app, + whatever I walked while not having the phone on me). This is 155k or 425 per day below the target of 10k steps per day. Still, around 95% of goal completed.

I've started re-reading HIFFIAUW (Harry Browne) but didn't get very far. I'm very consistent at not reaching my reading goals. Something to fix in 2019.

I will post 2018 summary & 2019 plans and goals separately.

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Bankai
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Re: Bankai's Journal - ERE mode:hard

Post by Bankai » Sat Jan 05, 2019 3:39 pm

Sabaka wrote:
Sat Jan 05, 2019 3:03 pm
Your expenses are insanely good man! Congrats on the SR. And I can sympathise with the lack of sunlight issue, even down in Hampshire we're blacked out by 16:30!

Good luck for the new year :)
Thanks and same to you! Even if it's barely noticeable, days are now getting longer and it has a huge positive psychological effect on us.

Seppia
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Re: Bankai's Journal - ERE mode:hard

Post by Seppia » Sat Jan 05, 2019 3:59 pm

Your numbers are an inspiration, big congrats.
You mention the Brexit deal vote is going to happen, is it confirmed?
Here in Italy the consensus in the news is that we don't know what's going to happen, did we miss something?
Our local media is very bad but I didn't see anything on Bloomberg/NYT either

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Bankai
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Re: Bankai's Journal - ERE mode:hard

Post by Bankai » Sat Jan 05, 2019 5:11 pm

@ Seppia - thanks! Re the vote, it was rescheduled to ~11th Jan back in December, however there's nothing stoping PM to postpone it a bit longer. She doesn't want a vote she's 99% to lose, so (I imagine) there are constant talks and bargains within her party as well as between London and Brussels as well as brainstorming plans B, C & D (you'd think 'they' would have this worked out well in advance...). The vote needs to happen eventually though and is expected in the next few weeks.

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