Firstly, heartfelt thoughts to the families and friends of the 22 whose lives were mindlessly cut short at the Manchester Arena.
The arena is only 5 miles from where I live, the streets where alleged accomplices of the bomber have since been arrested are ones which I have often driven down. This is scary stuff pretty much on my doorstep but talking to my friends and people at work, there is a sense of strength and solidarity, we will not let terrorism beat us. I would have loved to have gone to the ‘One Love‘ gig that’s on Sunday but there was no chance I was going to get any tickets.
Work and Pay
Well, I’ve been flying by the seat of my pants at work these past couple of weeks. It’s been both scary and a bit of a rush but I did ok! Anyway, it was fortunate that I started my new job just before payroll cut off so I received a bit of a wage in May which I thoroughly deserved, if I say so myself! Woo hoo! 🙂
So, how much of my net salary did I save?
I saved 40%! My average for the year is now 46% so not too far off my goal of 50%. I’ll need to put in some good months to haul it back up.
The above savings includes boosts of £400 from matched betting profits, £28.31 from TopCashback*, £43.50 from football predictions, £69.35 from Google Adsense (my second payment ever!) and £51.36 affiliate income from OddsMonkey.
I still have just under 80% of my severance pay left. I’m going to invest some of it next month but think I will err on the side of caution and leave most of it sitting in cash (premium bonds) for now and review my options when I feel the urge to do so.
I’m not bothered about the crap returns from premium bonds – when I started planning for FI/retiring early, I never thought I’d be including any redundancy money so it’s a bonus already on its own. I think this will bring the cash element of my portfolio to around 14-15%.
I’ve topped up my emergency fund so that it now covers around 4 months’ expenses which seems to be an amount I’m comfortable with.
With the markets buoyant this month, my portfolio has continued to grow. At the end of May, my Future Fund ended up at £104,753.
Dividends and Other Income
Dividends received this month (which will be reinvested):
After last month’s record-breaking payout, total income received was more modest but still good at £93.06, In May 2016, I received £55.20.
Total dividend income this year now stands at £547.62.
Here’s how things look in the graph:
Shares and Investment Trusts
I added to my holding of Bankers Investment Trust.
Current portfolio can be found here.
Matched Betting (MB)
Being back at work has meant that I’m no longer able to do any MB during the day.
I missed the penultimate weekend of football as I was too busy
getting drunk celebrating my new employed status! However, on the last weekend of the season, I decided to gamble a little on accumulators and got lucky for a change, scoring £186 profit on four accumulators!
So I made £637 in profit this month. This was from football and horse racing offers only.
Total profits so far this year is a shade under £3,000, so very much on track for my MB goal of £4000 profit. The amount I can make will be somewhat reduced for the next few months, with no football and only being able to do MB at weekends, subject to my social life of course! It’s possible to do some when I get home from work (catch some of the evening races) but I’m really not so desperate for the cash to want to do this.
I have to say that despite the reduced profits to be made over the summer, I’m actually looking forward to a bit of a break from doing the football accumulators.
The matched betting guide I subscribe to is OddsMonkey*. It’s an excellent website for beginners and experienced matched bettors alike – for beginners, there are plenty of tutorials which provide you with step-by-step guides on how to make profits and to work through special offers. They also offer one-to-one sessions for those who need a little more help. For the more experienced, OddsMonkey offers quality tools including the Each Way Matcher, Dutch Finder, Racing Matcher and Acca Matcher, all of which I have used successfully. There’s also a friendly forum for you to ask questions. Anyway, you can join for free* to try it out.