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%