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%