November saw my net worth increase by 1% driven by good income, lower expenses and investment gains
The value of my investment portfolio was fairly flat. Equities seemed a bit more choppy and some fx swings made it difficult to read underlying performance. I am considering stepping back into the market in a targeted manner if i see any pockets of value, but it is unlikely to be significant in scale.
Pension unit values were also around 2% higher although there has been some volatility in valuations
Property income was lower than usual but most of that was timing as i've had to close the month-end early. After quite a lot of maintenance work my one empty property is back on the market with viewings arranged. I'm considering another property investment in the new year, yields are holding up well and prices seem steady in my target locations.
Cash balances were higher on good income and more typical expenses. Cash is back above 30% of total assets which is usually an indicator to invest, with property looking more likely than equities at this stage.
Year to date net worth growth: 20.4%
Year to date savings rate: 68%
Monday, 27 November 2017
Sunday, 29 October 2017
October 2017 Review
October saw my net worth increase by 1% driven by very strong income and investment gains
The value of my investment portfolio was up over 1% with continues strength in equities markets. There were noticeably more down days in the month, possibly a sign sentiment is turning? I guess we'll see but markets have been remarkably strong this year so a correction seems long overdue.
Pension unit values were also around 1% higher in line with equities performance
Property income was high. One tenant paid another 6 months rent upfront, 2 others paid on time and my problem tenants in the remaining property have now left. Once some maintenance issues are addressed this property should be back on the market within a couple of weeks.
Cash balances were higher on strong income although expenses were high. Despite this including some travel expense and another two years of gym membership, underlying expenses were also higher than usual. Something to keep an eye on.
Year to date net worth growth: 19.1%
Year to date savings rate: 68%
The value of my investment portfolio was up over 1% with continues strength in equities markets. There were noticeably more down days in the month, possibly a sign sentiment is turning? I guess we'll see but markets have been remarkably strong this year so a correction seems long overdue.
Pension unit values were also around 1% higher in line with equities performance
Property income was high. One tenant paid another 6 months rent upfront, 2 others paid on time and my problem tenants in the remaining property have now left. Once some maintenance issues are addressed this property should be back on the market within a couple of weeks.
Cash balances were higher on strong income although expenses were high. Despite this including some travel expense and another two years of gym membership, underlying expenses were also higher than usual. Something to keep an eye on.
Year to date net worth growth: 19.1%
Year to date savings rate: 68%
Sunday, 1 October 2017
September 2017 Review
September saw my net worth increase by 0.8% driven by good income, moderate expenses and a flatter month in the markets.
The value of my investment portfolio was marginally lower, i think this was more to do with fx (strengthening GBP against HKD assets) than the underlying performance of equities
Pension unit values were slightly higher, but not a significant movement
Property income was in line with expectations. Two tenants paid on time and the eviction of a problem tenant is still rumbling on longer than hoped. One tenant has just extended for another year, which helps to keep costs down.
Cash balances were higher on strong income and moderate expenses. Cash is creeping above 30% of gross assets again which is usually a sign its time to look at new investment opportunities!
Year to date net worth growth: 17.9%
Year to date savings rate: 70%
The value of my investment portfolio was marginally lower, i think this was more to do with fx (strengthening GBP against HKD assets) than the underlying performance of equities
Pension unit values were slightly higher, but not a significant movement
Property income was in line with expectations. Two tenants paid on time and the eviction of a problem tenant is still rumbling on longer than hoped. One tenant has just extended for another year, which helps to keep costs down.
Cash balances were higher on strong income and moderate expenses. Cash is creeping above 30% of gross assets again which is usually a sign its time to look at new investment opportunities!
Year to date net worth growth: 17.9%
Year to date savings rate: 70%
Wednesday, 30 August 2017
August 2017 Review
August saw my net worth increase by 0.7% driven by good income, moderate expenses and a flatter month in the markets.
The value of my investment portfolio increased close to 2% as equities markets performed well despite some volatility from political and economic events
On the other hand, Pension unit prices were fairly flat. I suspect the divergence with equities and pension performance in the month is a function of valuation timing and fx fluctuations. I'm trying not to read too much into pension valuations from month to month given access to the funds is probably a long way off in the future!
Property income was in line with expectations. Two tenants paid on time and the eviction of a problem tenant is still rumbling on longer than hoped.
Cash balances were higher on strong income and moderate expenses. There were some higher than planned travel costs but nothing to be too concerned about.
Year to date net worth growth: 16.9%
Year to date savings rate: 71%
The value of my investment portfolio increased close to 2% as equities markets performed well despite some volatility from political and economic events
On the other hand, Pension unit prices were fairly flat. I suspect the divergence with equities and pension performance in the month is a function of valuation timing and fx fluctuations. I'm trying not to read too much into pension valuations from month to month given access to the funds is probably a long way off in the future!
Property income was in line with expectations. Two tenants paid on time and the eviction of a problem tenant is still rumbling on longer than hoped.
Cash balances were higher on strong income and moderate expenses. There were some higher than planned travel costs but nothing to be too concerned about.
Year to date net worth growth: 16.9%
Year to date savings rate: 71%
Sunday, 30 July 2017
July 2017 Review
July saw my net worth increase by 1.2% driven by high income, lower expenses and investment gains.
The value of my investment portfolio increased by over 2% as equities markets performed well and a few large dividends were received.
Pension unit prices were also up over 2% driven by equities market increases. Every month so far this year has seen an increase, i'm finding it hard to see how much longer this can go on!
Property income was lower than expected. Two tenants paid on time and i'm hoping to evict a problem tenant as soon as possible.
Cash balances were higher on strong income and relatively lower expenses.
Year to date net worth growth: 16.2%
Year to date savings rate: 74%
The value of my investment portfolio increased by over 2% as equities markets performed well and a few large dividends were received.
Pension unit prices were also up over 2% driven by equities market increases. Every month so far this year has seen an increase, i'm finding it hard to see how much longer this can go on!
Property income was lower than expected. Two tenants paid on time and i'm hoping to evict a problem tenant as soon as possible.
Cash balances were higher on strong income and relatively lower expenses.
Year to date net worth growth: 16.2%
Year to date savings rate: 74%
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