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%

Sunday, 30 April 2017

April 2017 Review

April saw my net worth increase by 0.7% with a good savings rate and pension gains more than offsetting property costs.

The value of my investment portfolio was fairly flat and is now having minimal impact on net worth following a number of disposals. I need to give some thought to investment strategy going forward as i am likely to have some residual cash spare to invest again following a property purchase.

Pension unit prices were up around 1.5% driven by equities market increases.

Property income was lower than plan.  One property paid on time, one continued to miss rent as they serve notice (i have a claim on an insurance policy to cover the missed rent) and one remained vacant. Another property investment was completed and should be on the rental market shortly. There were a number of one off costs associated with the investment.

Cash balances were significantly lower following the property purchase and is now broadly in line with my longer term target.


Year to date net worth growth: 12%
Year to date savings rate: 80%

Sunday, 2 April 2017

March 2017 Review

March saw my net worth increase by 7.4% with very high income along with pension gains.

The value of my investment portfolio was fairly flat and is now having minimal impact on net worth following a number of disposals. I need to give some thought to investment strategy going forward as i am likely to have some residual cash spare to invest again following a planned property purchase.

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

Property income was lower than plan.  One property paid on time, one missed their rent payment (i now expect them to leave soon) and one remained vacant. A tenant for the vacant property had been found but appears to have pulled out, so it will go back on the market.  A fourth property investment is planned to complete in the next month or so.

Cash balances were significantly higher following a lump sum of income. Whilst this will come down with a planned property purchase it is still likely to remain on the high side for now.


Year to date net worth growth: 12%
Year to date savings rate: 82%

Tuesday, 28 February 2017

February 2017 Review

February saw my net worth increase by 2.3% with high income along with investment and property valuation gains.

The value of my investment portfolio was fairly flat but there were a lot of disposals in the month. I've decided to cash in on large capital gains in emerging markets, asia and europe ETFs, just holding on to a handful of core holdings.  The proceeds from these disposals may be diverted towards further property investments as equity valuations seem on the high side.

Pension unit prices were up around 1% as markets seemed a little calmer than recent months.

Property income was back on track although my most recent acquisition is still vacant.  There have been few viewings in the last couple of weeks so i'm hoping for a tenant to be in place soon. I've also updated the values of my properties for the first time in over a year. One had increased (with lots of observable market references to go by) but i also lowered another which was more subjective. Overall this resulted in an upwards revaluation of around 3%.

Cash balances were significantly higher following strong income and investment disposals. Whilst i'm less inclined to get straight back into equities with this surplus cash, another property investment is a possibility in the coming months.


Year to date net worth growth: 4%
Year to date savings rate: 67%

Monday, 30 January 2017

January 2017 Review

January saw my net worth increase by 1.6% with high income, lower than average expenses and a strong month in the markets.

The value of my investment portfolio increased around 3% as equities continued to rally. I've sold all my remaining fixed income ETFs given the increased expectations of USD rate rises through 2017, and continued devaluation of RMB (the RMB bond ETF was closed down as it seemed everyone was heading for the door!).

Pension unit prices were also up over 3% in line with strong equities performance.

Property income was a mixed picture. One paid on time, but some large maintenance costs are expected over the month. One was late, but are making an effort to catch up - we're staying on a short term rolling contract for now at the mutual agreement of the tenant and landlord. The recent purchase remains vacant but had a few viewings. If the market looks quiet i may consider lowering the rent to get it occupied as soon as possible.

Cash balances were lower with a lumpy tax bill more than offsetting high income, lower expenses and an investment disposal. The tax had been fully accrued for so no impact to net worth.


Year to date net worth growth: 1.6%
Year to date savings rate: 62%