Sunday, 1 October 2017

September 2017 Review

September saw my net worth increase by 0.8% driven by good income, moderate expenses and a flatter month in the markets.

The value of my investment portfolio was marginally lower, i think this was more to do with fx (strengthening GBP against HKD assets) than the underlying performance of equities

Pension unit values were slightly higher, but not a significant movement

Property income was in line with expectations.  Two tenants paid on time and the eviction of a problem tenant is still rumbling on longer than hoped.  One tenant has just extended for another year, which helps to keep costs down.

Cash balances were higher on strong income and moderate expenses. Cash is creeping above 30% of gross assets again which is usually a sign its time to look at new investment opportunities!


Year to date net worth growth: 17.9%
Year to date savings rate: 70%

Wednesday, 30 August 2017

August 2017 Review

August saw my net worth increase by 0.7% driven by good income, moderate expenses and a flatter month in the markets.

The value of my investment portfolio increased close to 2% as equities markets performed well despite some volatility from political and economic events

On the other hand, Pension unit prices were fairly flat.  I suspect the divergence with equities and pension performance in the month is a function of valuation timing and fx fluctuations. I'm trying not to read too much into pension valuations from month to month given access to the funds is probably a long way off in the future!

Property income was in line with expectations.  Two tenants paid on time and the eviction of a problem tenant is still rumbling on longer than hoped.

Cash balances were higher on strong income and moderate expenses. There were some higher than planned travel costs but nothing to be too concerned about.


Year to date net worth growth: 16.9%
Year to date savings rate: 71%

Sunday, 30 July 2017

July 2017 Review

July saw my net worth increase by 1.2% driven by high income, lower expenses and investment gains.

The value of my investment portfolio increased by over 2% as equities markets performed well and a few large dividends were received.

Pension unit prices were also up over 2% driven by equities market increases. Every month so far this year has seen an increase, i'm finding it hard to see how much longer this can go on!

Property income was lower than expected.  Two tenants paid on time and i'm hoping to evict a problem tenant as soon as possible.

Cash balances were higher on strong income and relatively lower expenses.


Year to date net worth growth: 16.2%
Year to date savings rate: 74%

Thursday, 29 June 2017

June 2017 Review

June saw my net worth increase by 0.9% driven by high income, investment and pension gains.

The value of my investment portfolio increased by around 2% as equities markets performed well. Despite materially downsizing the portfolio, given continued strength in the markets it is continuing to have a positive impact on net worth

Pension unit prices were also up just under 2% driven by equities market increases.

Property income was lower than expected.  Two tenants paid on time, although a lot of the rent was wiped out by some unexpected maintenance costs.  One tenant continued to miss payments and we're working on an exit plan.

Cash balances were higher on strong income partly offset by higher than average expenses. This included some travel costs.


Year to date net worth growth: 14.8%
Year to date savings rate: 75%

Tuesday, 30 May 2017

May 2017 Review

May saw my net worth increase by 1.2% driven by high income and pension gains.

The value of my investment portfolio increased by around 2% as equities markets performed well.

Pension unit prices were also up around 2% driven by equities market increases.

Property income was very high.  One property paid on time, one became occupied and paid the full contractual rent in advance. One continued to miss rental payments but the tenant should be leaving soon and i expect to recover some if not all of the missed rent.  A tenant was also found for the recently completed property purchase which should be occupied very soon.

Cash balances were a lot higher on strong income and property income in particular, offset by moderate expenses.


Year to date net worth growth: 13.7%
Year to date savings rate: 78%