Tuesday, 29 November 2016

November 2016 Review

November saw my net worth increase by 1.8% with a good savings rate and a favourable update to the fx rates used to manage my assets. This was to reflect the continued weakness in GBP v HKD/USD post Brexit and that my base currency is GBP.

The value of my investment portfolio increased around 2.5% and although underlying investments were slightly lower, the update of the fx rate used to convert my hk based investments back to GBP had an overall positive impact on the portfolio value. Unusually there were no dividends in the month but quite a lot are due next month.

Pension unit prices were fairly flat, but in GBP terms rose 6% as a large part are denominated in HKD.

My third property purchase finally completed during November, but it will take a few weeks before i can market the property for rental. I'm hoping there will be minimal further costs involved. Of the other properties, one paid rent on time as usual, but the other was unable to make their rental payment and the tenant appears to be in some financial difficulty. They are looking to pay double next month, and given they are coming to the end of their rental contract i'm hoping any potential losses will be minimal.

Cash balances were materially lower following the completion of a property investment. Expenses were average, including some travel expenses. Travel expense is well above plan but i'm not too concerned about that given the health of my overall savings rate.


Year to date net worth growth: 23.1%
Year to date savings rate: 65%

Monday, 31 October 2016

October 2016 Review

October saw my net worth increase by 1.3% with a good savings rate and improved investment performance.

The value of my investment portfolio increased around 3% although a lot of this seems to be foreign exchange related, and a consequence of having GBP denominated ETFs holding non GBP equities with a weaker pound. Dividends were higher than average.

Pension unit prices were fairly flat, with the hkd portfolio lower, and gap portfolio higher (probably also fx related).

All rent was received broadly on time. My new property investment will now complete in mid November and i'll look to get it on to the rental market as soon as possible after then. There should be minimal costs before marketing it.

Cash balances were a lot higher, with a net inflow from investments, higher interest and dividend income, and a good savings rate. Expenses were average, including some travel expenses.


Year to date net worth growth: 20.9%
Year to date savings rate: 66%

Tuesday, 27 September 2016

September 2016 Review

September saw my net worth increase by 0.8% with a slightly calmer and steadier month in the markets, and better savings.

The value of my investment portfolio increased around 1% as markets calmed a little after a lot of volatility over the summer.  I sold one small ETF position as part of the recent tidy up and downsizing of the portfolio. It is now 12% of total assets, down from a high of 15% a few months ago.

Pension unit prices were around 1% higher, in line with broader market performance.

All rent was received broadly on time., with one small expense related to a rental agreement being renewed. My new property investment is moving slower than expected but is expected to complete in October.

Cash balances increased with one small investment disposal and higher than average savings. Expenses were lower than most months this year with no one offs or travel.


Year to date net worth growth: 19.3%
Year to date savings rate: 67%

Tuesday, 30 August 2016

August 2016 Review

August saw my net worth increase by 1.3% with continued strength in financial markets and decent savings in the month.

The value of my investment portfolio increased around 3% following a continued rally in most markets.  I took the opportunity of market highs to dispose some non core investments (mainly smaller holdings of higher cost legacy ETFs), simplifying the composition of the portfolio.

Pension unit prices were around 2% higher, on the back of the rally in global equities markets.

All rent was received broadly on time with a minor expense.  One tenant has just renewed tenancy for another year with the same rent, and only one small maintenance request. The property in question has been constantly let for 6 years so is probably due some refurbishment, but as the tenant is currently happy these can wait a bit longer! I have also now committed to the next property investment.  It may take another month or so to fully complete but i would hope to have everything done and tenants in place by the end of the year.

Cash balances were materially higher following investment disposals and reasonable savings. Ignoring travel, BAU expenses were actually well under plan for the first time in a few months. Cash balances should drop a lot in the next month or so as the property investment progresses.


Year to date net worth growth: 18.3%
Year to date savings rate: 68%

Friday, 29 July 2016

July 2016 Review

July saw my net worth increase by 1.8% with a strong rally in financial markets increasing my pension & investment portfolios.

The value of my investment portfolio increased around 5% following a strong rally across global equities throughout the month.  Some large dividends came in at the beginning of the month and most sectors performed well.

Pension unit prices were around 4% higher, on the back of the rally in global equities markets.

All rent was received on time.  I am now in the process of starting another rental property investment which should be complete hopefully in around a month's time. It is in a similar location and of a similar value to my investment last year.

Cash balances were lower following an initial payment towards the property investment. Expenses were high again but better than last month and included some travel costs for later in the year. Excluding travel expenses were in line with target.


Year to date net worth growth: 16.8%
Year to date savings rate: 69%