Early Retirement Extreme Forums

Gilberto de Piento wrote: ↑

Fri May 31, 2019 9:37 am

I will paraphrase something C40 told me a long time ago. Cash is not spending. In your case this category is something like 25% of your spending. Figure out what is going on there.

Yep, I realise there is something to work on here, but that is partly the reason to note it.
Atleast £90 was beers bought at a festival that only accepted cash.
Let's see how next month goes

Here are my funds for the next few months.
Numbers in brackets are todays prices.

Global (25%)
Fundsmith Equity 25% (440.97)

Asia (25%)
First State Greater China Growth 10% (910.27)
Lindsell Train Japanese Equity 10% (272.89)
Fidelity India Focus 5% (274.4)

Real Estate/Infrastructure (25%)
Fidelity Global Property 15% (200.3)
First State Global Listed Infrastructure 10% (310.55)

Europe (15%)
LF Lindsell Train UK Equity 10% (186.59)
Jupiter European 5% (2597.56)

Gold (10%)
Xtrackers Physical Gold ETC 10% (10266.39)

Stock markets seem to be going crazy at the moment - in a good way.

Pensions
a) £36815 (same)
b) £87286 (up 1866 all growth)
c) £53486 (up 3314, 1132 of which growth)
Pensions total = £177587 (up £5180)

House £95000 (same)

Savings plus stuff £9931 (up 431)
Car £8400 (down £100 depreciation).

Totals
Net = £290918 (up £5511) (72% of target)

Finances seem to be on track, I'm now starting to get back into diet and exercise. I normally have a pretty good diet but I'm starting to incorporate intermittent fasting and to be honest - I feel pretty awesome. This is an extreme IF regime one meal a day in the evening.
I'm considering adding nutritional supplements into the mix and will be doing more reading on that.
Exercise wise, I'd missed the gym pretty much every day for 18 months but I've started off again and it is hard work...

I have had an update of my defined benefit pension (pension A).
So for a truthful comparison to this month, here last months number rejigged.
22 May 2019
a) £41000 (up 4815 from the outdated figure)
b) £85420
c) £50172
Pensions total = £176592

House £95000

Savings/stuff £9500
Car £8500

Total
Net = £289592

22 June 2019
a) £41000 (updated)
b) £88727 (up 3307 of which 80 investment and 3227 growth. Yes 3.7% in one month)
c) £4168 ( 50000 transferred to pension - d, down 46004, 2975 invested, 1021 growth)
d) £50208 ( 50000 transferred, 100 invested )
Pensions total = £184103

House £95000

Savings/stuff £10178 (up 678)
Car £8400

Total
Net = £297681 (up 8089 - this has been my best month yet)

end of month numbers 30th June 2019
a) £41000 (updated)
b) £88175
c) £4734
d) £49714
Pensions total = £183623

House £95000

Savings/stuff £10842
Car £8400

Total £297865 (74% of target)

Mid-month numbers 14th July 2019. A fortnight since the last figures.

Pensions
a) £41000
b) £90322 ( up 2147, all of which growth )
c) £6150 ( up 1416 of which 73 growth, 1343 contribution )
d) £51187 ( up 1473, all of which growth )
Pensions total = £188659 ( up 5036 )

House £95000

Savings/stuff £10318 ( down 524 )
Car £8350 ( down 50 depreciation )

Total £302327 ( up 4462 ) (75% of target)

July 24th - Boris Johnson day...

Pensions
a) £40770 (corrected inaccurate figure)
b) £90653 (+331 growth)
c) £7093 (+978 invested - 35 growth) this pension does not have good funds available.
d) £51406 (+216 growth)
Pensions total = £189922 (up +1263)

House £95000

Savings/stuff £10048 (-270 bad month)
Car £8300 (-50 rustification)

Total £303270 (up +943) (75% of target)

In other news, I may have a lodger soon so that could accelerate the process.

July 31st numbers with comparisons to June 30th

The pound is taking a tumble.

Pensions
a) £40770
b) £92660 (+4486 growth)
c) £7867 (+2975 invested +158 growth)
d) £52484 (+2770 growth)
Pensions total = £192554 (up +10159)

House £95000

Savings/stuff £10149 (-693 busy month)
Car £8300 (-100)

Total £307230 (up +9366) (76% of target)

August 31st numbers with comparisons to July 31st

Pensions
a) £40770 (same)
b) £92491 (-169 'growth')
c) £10849 (+2975 invested +7 growth)
d) £52031 (-453 'growth')
Pensions total = £196141 (up +1587)

House £95000

Savings/stuff £9742 (-407)
Car £8200 (-100)

Total £309083 (up +1853) (77% of target)
Slow month

I'm seriously considering taking a career break but I'm not sure if this is professional suicide.
The plan would be to take further IT certifications during the gap so that it looks somewhat productive.

September 29th numbers with comparisons to August 31st

Pensions
a) £40770 (same)
b) £90539 (-1952 'growth')
c) £12683 (+1876 invested -42 growth)
d) £51557 (-474 'growth')
Pensions total = £195549 (down +592)

Savings/stuff £10050 (-308)

House £95000
Car £8100 (-100)

Total £308699 (down -384) (77% of target)

poor month for investments.

bigato wrote: ↑

Tue Sep 24, 2019 4:34 am

If you want opinions, you probably need to elaborate on the present situation and prognosis, and your ideas.

I've decided against the rather impulsive desire to quit ASAP.
Instead, I'm aiming for FI in the Summer of 2020, specifically around the time of the solstice.
Recently, I've been renting a room out to a lodger and that improves the numbers,
but I probably need about £343000 net worth for the numbers to work for me.

It's time for an attempt at a more detailed budget.
I'm going to put money away into a long term account each month.

Long Term Budget
New Car Fund 1200
Household Goods 600

Yearly Total 1800
Monthly 150

Also, I'm going to put money into an account for yearly bills.
Yearly Budget

Car MOT 40
Car Insurance 380
Car Tax 20
Car Service 150
Car Random 200
Optician 200
Dental 200
Holidays 1200
Christmas 300

Yearly Total 2690
Monthly 224


Similarly there is a monthly budget that includes the debits to the other accounts.
Monthly Budget

House Ctax 100
Electricity 40
Gas 40
Water 23
Insurance 15
Boiler 15
Telephone/Internet 23
TV 12
NetFlix 12
Food 150
Home Beer 50
Mobile 12
Gym 44
Books Online 27
Car Fuel 100
Transfer to long term 150
Transfer to annual 224
Entertainment 160

Monthly Spending 1197

Monthly Overview.
Pensions
a) £40770 (same)
b) £87754 (-2785 'growth')
c) £4712 (-9753 moved to pension D, +1876 invested -94 growth)
d) £59204 (+9573 from pension C, -2106 'growth')
Pensions total = £192440 (down -3109)

Savings/stuff £8551 (-1499)

House £95000
Car £8000 (-100)

Total £303991 (down -4708) (75% of target)

Terrible month.

However, with regard to spending, I started using Money Dashboard and I've been keeping a lid on expenditure.
Salary +1376
Rental +280
Pension +1876
Income = 3532
Spending = -1214
e.g. 65% savings rate.

Hi there, not dissimilar to my numbers. Yes October was a poor month of market returns (my equity portfolio was down 2.5%), but when look at the YTD numbers the returns have been very good for 2019.

@Adamski
I had a trawl for you ERE Journal but it seems to have been redacted. ..

Premature Monthly Overview.
Pensions
a) £40770 (same)
b) £74949 (money moved to pension D)
c) £6559 (+1876 invested -29 growth)
d) £72041
Pensions total = £194319 (up 1879)

Savings/stuff £9324 (+773)

House £95000
Car £7900 (-100)

Total £306543 (+2552) (76% of target)