September 2018 Savings, plus other updates

Moel Eilio in Snowdonia. Yes, it looks creepy…

For someone who’s never really counted ‘walking’ as a favourite past-time, I did quite a lot of it this month.

Spent a couple of weekends doing ‘practice’ walks in the Peak District and the West Pennines, which I found surprisingly quite pleasant – not strolls but not too strenuous either.

The practice walks were to prepare me for a charity walk in Snowdonia, organised by work. We managed to choose a day which was in between two days with yellow weather warnings and ended up doing the walk in extreme weather conditions and quite poor visibility.

With lashing rain which stung the face and winds still buoyed by recent storms in the country which blew us all over the place, I found out that my waterproof jacket was not waterproof and neither were my walking shoes!

But I’m glad I attempted and completed the 9-mile walk, it was a good test of character! Plus I might even go on more walks in future (weather permitting), as may have discovered a new hobby of sorts!

Anyway, onto the nitty gritty, how did I get on with my savings?

I saved 43.5%, which sees my average savings rate going down a little to 44.8%.  Considering this month was quiet on the social outing front, I’m a little disappointed if I’m honest as I thought I would be closer to 50%.  No realistic chance of achieving my goal now with the final (more expensive) stretch of the year coming up but I’ll keep at it.

The above savings includes top ups from £447 matched betting profits (from last month), £16.15 from TopCashback*, £60.53 from Google Adsense and £123.33 affiliate income from OddsMonkey (thank you to all who signed up via my links!).

Shares and Investment Trusts

No new investments, I just topped up existing ones.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

Again, I didn’t really notice what the markets were doing – all I can say is that with extra capital and reinvested dividends, my Future Fund now stands at £150,051, so I’m halfway towards my next big milestone! Woohoo!

I seem to have streaked well ahead of John K (whose portfolio is currently showing as £103,427) but I did mention that I had the massive advantage of chucking in a large chunk of my redundancy money last year. The next £50k will take much longer to accumulate as no large amounts of capital to throw in, so plenty of opportunity for John to catch up using his strategy.

Dividends and Other Income

Dividends received this month:

I received £176.56, a little lower than expected as some dividends now won’t hit my account until October. Total dividends so far this year now stands at £2,234.96, and it’s starting to look like it might be a stretch to hit my target. Expecting a plentiful month in October so let’s see how it looks like then. All dividends are reinvested, bundled up with whatever extra capital I invest monthly.

So here’s how things look on the main dividend income graph:

Matched Betting (MB)

Another great month, with profits just shy of £860. For those interested, the profit ratio of actual MB (football and horses only), no-lay accas and no-lay EW betting  this month was 13/8/79.

Total MB profits so far this year stand at £3,503, so it looks like after a terrible start to the year, I might have turned this around and should comfortably achieve my goal (variance permitting!).

As mentioned before, the matched betting guide I subscribe to is OddsMonkey*, which is great for beginners and experienced matched bettors alike with quality tools such as the Oddsmatcher, Each Way Matcher, Extra Place Matcher, Dutch Finder, Racing Matcher and Acca Matcher. There are step by step guides and also a friendly forum for you to ask questions and get help on any of the offers.

Matched betting isn’t for everyone but is a half-decent way to earn tax free income (for those in the UK) in your spare time. Check out  the free trial*with no obligations.

Goals Update

Here’s how things look right now:

Yes, I read another non-fiction book but I won’t do a full review as it’s not really relevant to the blog. For those interested, it was ‘This is Going to Hurt: Secret Diaries of a Junior Doctor‘ by Adam Kay – funny in a laugh-out-loud kind of way but also sad and heartbreaking.  Just one more non-fiction book to squeeze in – I’ll try to read a topical one so I can write up a review.

Managed to do quite a bit of fictional reading too recently so hopefully, I should be able to make some ground on the library book goal. For those following my Bingo reading progress, I managed to get a line!

Anyway, despite the chill in the air, still not got my central heating on yet – have you?

Hope you all had a great September!

[*referral/affiliate link]

26 thoughts on “September 2018 Savings, plus other updates

  1. Love to see you taking up walking weenie – it’s an awesome hobby. But you are braver than me, going out in that weather – I’m becoming much more a fairweather walker lately.

    And when you get decent waterproofs and accept you need to wear waterproof trousers, walking in bad weather is much more fun. Trust me! I did the West Highland Way, 20 miles one day in near constant rain – soaked on the outside, but my feet and inners were still dry at the end.

    And good progress on the numbers it’s all coming along well – and I wouldn’t worry if you don’t meet the ambitious goal.

    No central heating here yet. But I have put the aga back on. (confession over).
    Ms ZiYou recently posted…Net Worth and other updates – September 2018 (+£4k)My Profile

    • Hey MsZiYou

      I’m not into outdoors stuff so definitely a fairweather walker – only endured the weather cos it was for charity!

      Wearing more layers around the house seems to be doing the trick so far, I’ll hold out for as long as possible, haha!

  2. £150k in the future fund is amazing progress! Well done Weenie!

    A good month for MB too, I’ve had a disappointing one, approx £24k staked and only about £150 profit!!!! Ah well! Hopefully next month improves!

      • Yep – scary numbers when you’re on the edge of profit! Hahaha!

        Following TFS’s guide I’ve placed about £30k of bets since I started just over a month ago and I’m about £500 up… 1.5% ROI – buy hey, still up! Hopefully it smooths out over the next few months. I’ve started picking out some of the patterns that have been emerging from £30k of staking and 1,500 bets so fingers crossed in the next few months I can turn it around!

        • Sounds like you are just on a really bad run but probability is that there is an upswing on its way!

          I tweaked my settings and strategy slightly after reading TFS’s guide and things have gotten better. Fingers crossed for you that you turn that corner and the profits roll in! Good luck! 🙂

  3. Great post! A bit curious about the MB though.You say it’s not for everyone. In what sense? From what I read it’s pretty risk free?
    Anyway, keep up the good work!!

    • Hi Marc

      I say it’s not for everyone because despite the profits to be made, not everyone likes doing it. I’ve heard that some people find it boring and repetitive or find it too fiddly keeping track of their profits, their various betting accounts, their bets etc. Some are uncomfortable opening so many different betting accounts, get tempted to gamble, don’t like following instructions etc.

      As for risk free, essentially yes it is, but not free from good old human error! I still make mistakes (sometimes costly) such as backing or laying the wrong horse, forgetting to lay, laying the wrong amount, betting on the wrong team, or wrong fixture. Ok, perhaps it’s just me, I’m not perfect, haha!

      • Thanks! That sounds a bit tricky indeed. But I guess it’s a skill like any other and to master it you need to practice. It’s an interesting concept though. And great it gives you results 🙂

  4. Good job you did that test walk. No one wants soggy feet going up Snowdonia! Last time I went up that mountain, my knees wouldn’t bend anymore so I couldn’t come back down (and the train had stopped). I ended up spending 4 hours walking down the train tracks trying to not bend my legs much. This was at the end of the three peaks challenge, so hopefully your knees will be alright 🙂

    Awesome job with the matched betting! How long have you been EW betting for now? My stocks performed pretty badly this month, I think it’s all this messing about with Brexit.
    SavingNinja recently posted…Should You Include Your House In Your Net Worth?My Profile

    • I actually found it harder going downhill than uphill – downhill is more pressure and pounding on the joints and aggravates old injuries! Work did the 3 peaks challenge last year and I missed out because I had family visiting!

      I’ve been EW betting since March but didn’t increase my bets above £1EW until May as I wanted to see how I felt about variance!

      I’ll be well happy if my current momentum (and winning streak) continues!

  5. Nice work on all the side income! I love a good walk, but 9 miles in the rain and wind doesn’t sound the most pleasant… but glad it seems to have prompted a new hobby!

  6. Awesome that you did the charity walk! Especially in the worst of the weather we’ve had recently, amid all the sunshine, really makes it much more of an achievement.

    I actually signed up to the 3 peaks challenge with work this year but then they decided to not pay for travel or accommodation which made it too expensive for most of my team mates to contemplate! Bit stingy considering it was supposed to be for charity!

    So I make that £679.40 that you made from the ew betting 🙂

    To Charles above, sounds like you’ve been very unlucky as most people I know have had a very good September! Rest assured you should take this in your stride and the profits will come sooner or later! Just need to stick with it!

    Cheers!
    theFIREstarter recently posted…liquid superfood HUEL challenge (it’s like soylent) – the throwdownMy Profile

    • Yes, that walk did feel like a real achievement – I’d love to do it again but in nicer weather!

      A shame about your 3 peaks challenge. That might be on the cards for us again next year as it’s not too far away for us.

      Yes, that’s £679.40 from EW betting and works out at just over 20% ROI, which I’m very pleased with. I’ve been doing some no lay accas too and they are nowhere near as profitable, or maybe just on another bad run with those!

  7. Your future fund is looking very healthy now and your Matched Betting profits are making up a nice chunk of your savings.

    I do love a good walk in the rain – I’d have to given we will be moving to the Lake District next year ish – but waterproofs are an absolute must. And what is really waterproof is not always clear when you buy. Hubby has had 3 waterproof jackets, all Goretex, and only 1 could cope with full on driving rain.

    Good waterproof gear doesn’t come cheap – one of the few times when paying more will most likely get you better quality and wear ability.

    • Hi Tuppenny

      Yes, making good progress on the Future Fund and MB profits – just need to keep up the momentum!

      My jacket is Goretex but had never been tested in that kind of rain before, so yes, I need to splash out on something more waterproof if I’m going to continue to walk in the UK!

  8. Hi Weenie,

    Great progress with your Future Fund. I really enjoy following your blog.
    Re John K hasn’t he started with 50k and then grown it to £103k without further injections of seed capital? If so I am mighty impressed with him also.

    If you get chance I would recommend reading Super Investors by Matthew Partridge. I struggle with dry texts but this really sings to me!

    • Hi David

      Thanks and yes, you’re right, John K’s fund started at £50k and has doubled with no extra capital added. That’s a massively impressive achievement already and based on past performance, he would give me a close run competition, with me adding extra capital!

      Thanks for the recommend, I shall check that out.

  9. Pingback: The Full English – The Decline of the Middle-Class Brand – The FIRE Shrink

  10. Hi Weenie,

    Congrats on your future fund hitting +£150K, a fantastic achievement. Also great to see your matched betting total just £500 off your annual target. That’s shot up the last month or two! I’ve not yet hit the £3K point for my £4K profit goal this year, so you’re definitely winning our race 🙂

    Corinna

    • Thanks Corinna.

      I had two really good consecutive months on the matched betting which really boosted my profits. Not started this month in a great way but I’m a lot more confident now of hitting my £4k goal.

  11. Hi Weenie,
    Well done on the walking – 9 miles is going some if you are not a walker. I walk miles every week – sadly pretty flat around here – just about the best FIRE hobby there is though, if you ask me.
    Great to see the MB profits – I have finally come out of my slump and started the EW no lay method (thanks TFS for the fantastic guides and to you for the prod!). Mixed results so far, but only a week in so plenty of time for that variance to do its thing.

  12. Nice work Weenie. How much time do you find you have to put into oddsmonkey arb betting to get those kinds of numbers? What is the ROI %?

    Thanks in advance

    • Hi Wice

      On the EW betting, I probably spend around 30-40 mins a day in total and a couple of hours at the weekend. ROI has dropped to around 10% as October and November were rocky months.

      Hope that helps.

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