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%

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