April saw my net worth increase by 1.4%, with strong savings, pension & investment performance.
The value of my investment portfolio was around 2% higher, despite a fall in the last couple of days. Equities and currencies (with affect a number of my ETFs) have been very volatile in the past week or so, so i'm on the look out for investment opportunities (despite most of my cash being tied up in a potential property purchase).
My pension fund unit values were up around 3% following a strong month in a number of major equities markets.
Property rental income was paid in full & on time. A new property investment is in progress but i expect it will take a few months to complete. There are likely to be some one off costs associated with the purchase but all should easily be absorbed by monthly savings.
Cash balances were lower following a tax payment and a small investment, although savings were quite reasonable. Income was strong but this was offset by some travel and entertainment costs during the month.
Year to date net worth growth: 14%
Year to date savings rate: 79%
Thursday 30 April 2015
Thursday 23 April 2015
IAPD.L Purchased
After spending most of the year sitting on the sidelines & watching most equities markets rally, i've decided to re-enter the market to top up an existing holding.
IAPD is an Asia Pacific high dividend ETF, with a heavy weighting towards Australia & New Zealand. Its price has fallen recently, i think largely due to fx movements, as the Australian Dollar has weakened to a multi year low against GBP.
It yields well over 5%, and my long term views for Australia remain positive given its core economic strength. It therefore offered relatively good value in comparison to the other main core holdings in my portfolio, and now becomes one of the largest individual holdings.
The purchase price of this tranche was around GBP20.05.
IAPD is an Asia Pacific high dividend ETF, with a heavy weighting towards Australia & New Zealand. Its price has fallen recently, i think largely due to fx movements, as the Australian Dollar has weakened to a multi year low against GBP.
It yields well over 5%, and my long term views for Australia remain positive given its core economic strength. It therefore offered relatively good value in comparison to the other main core holdings in my portfolio, and now becomes one of the largest individual holdings.
The purchase price of this tranche was around GBP20.05.
Wednesday 1 April 2015
Property investment update - offer accepted
I've mentioned a few times in the last year my plans to use some of my cash reserves to add a new property investment to my assets.
This is partly due to a positive experience with my existing property investment, partly my reluctance to materially increase my stock market investments, and partly due to my desire to earn a greater yield than that available on cash. My cash reserves have also been well above my target for some time.
Following some on and off research starting last summer i've finally got around to putting in an offer on a property, which has just been accepted.
In terms of numbers, it isn't huge, but does yield well above my existing property with a potential gross yield over 6% and a net yield after taxes & costs over 4%. It looks to be in excellent condition so it should be possible to get it onto the rental market quickly after completion.
Away from the numbers, i found it refreshingly easy & emotionless bidding for a property purely as an investment rather than somewhere i would be living. Hopefully the legal side will run as smoothly over the coming weeks.
This is partly due to a positive experience with my existing property investment, partly my reluctance to materially increase my stock market investments, and partly due to my desire to earn a greater yield than that available on cash. My cash reserves have also been well above my target for some time.
Following some on and off research starting last summer i've finally got around to putting in an offer on a property, which has just been accepted.
In terms of numbers, it isn't huge, but does yield well above my existing property with a potential gross yield over 6% and a net yield after taxes & costs over 4%. It looks to be in excellent condition so it should be possible to get it onto the rental market quickly after completion.
Away from the numbers, i found it refreshingly easy & emotionless bidding for a property purely as an investment rather than somewhere i would be living. Hopefully the legal side will run as smoothly over the coming weeks.
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