Exit negotiation with my current employer did not go too well and I did not manage to engineer a layoff. I will get 2 months of salary as a “sign of good will” from my employer and then will leave at the end of August to start full time at the startup.
Major retooling of the approach will be needed, as I will be earning just a fraction of the current salary. I am currently re-reading Jacob’s book for the third time and will use the lame duck status in the office to create an ERE-worthy plan.
Portfolio in July
In July my portfolio increased from SGD 820,557 to SGD 830,173 (~ USD 601,000). I regained my official Lean financial independence goal of USD 600,000 in the portfolio - back to where it was in December last year. Investments of SGD 8,478 were supported by paper gains of SGD 1,138. First tiny gain after six consecutive months of losses for my portfolio, totalling SGD -96,289 year-to-date.
Expenses
In July I spent SGD 4,811. The biggest expense was groceries at SGD 1,183 - due to having a party for all relatives in my soon to be new home village - long story. I again “had to” hire a car etc - not ideal.
My hypothetical income at 4% WR is now SGD 2,767- far below my current wasteful spending.
Portfolio allocation[/b]
All is on track.
Outlook
This journal will end soon. After I leave my current boring employer of the last 14 years I will start a new journal where I will finally put my ERE knowledge to practical use.
