Why not save all of it? Because I still intend to enjoy some of the fruits of my labour while I’m saving/investing the rest for the future!
Anyway, this extra bonus money has been used to purchase more funds, some shares and also to invest in a new debenture venture (ooh rhymes!). Some shares won’t be purchased until next month as I missed the regular payment date, so will be in April’s update of my portfolio. However, the money I have put aside for these shares are included in my numbers as they have come out of this month’s salary.
So, what are the numbers?
(a) Figure based on August 2014 statement
(b) Monthly payment of £147.95, final payment of £3,166.25 in Aug 2015
(c) Estimated value of property based on similar property sold in area
(d) Statement as at May 14, plus contributions
My Net Worth has now increased by 7% since the start of the year. This is despite the fact that my overspending while I went to Hong Kong for Christmas meant that I had to unfortunately leave a balance on my credit card. Not a huge amount but this debt is on a 0% interest card and there is a payment plan in place to pay it off so I’m not concerned.
Shares and Investment Trusts
Updated portfolio here.
Ethically investing in Debentures
In my pursuit to increase the value of my portfolio, I admit that I may not be considered entirely “ethical” with my investing, in that I invest in ‘sin stocks’ ie oil, mining, gambling and at some point soon, I’ll have shares in tobacco and alcohol, although my trackers will already be invested in these, I guess. Outside of investing, I do my best to do my bit to be kind to the environment, eg recycle, not waste energy, water etc.
However, Cerridwen pointed me towards Abundance, a crowd-funding platform that enables you to invest long term in renewable energy projects. Investment is in the form of income growth debentures, and capital (plus interest) is paid back on an annual basis over the life of the debenture (20 years).
So, I’ve chucked £500 at this – my bit of investing while helping the planet – and also chucked in the £50 I got from joining via Cerridwen’s ‘Refer a Friend’ link. Repayments and interest will be reinvested, most likely in funds or shares.
Non-Financial Goals Update
Here’s how I’m doing against my goals in brief:
So apart from having to abandon one non-financial goal, it was a very good month for me in particular my savings rate. That this month also included the meeting of like-minded people in Stratford-upon-Avon made it even better!
Am out on the razz with friends this weekend – wishing you all a Happy Easter!