I had a lovely holiday – will post more about it in another post as I just want to get the numbers out here.
So how did they look for October?
I saved 24.7% of my net salary. The above includes £175 received from taking part in a week-long panel/group discussion for Research in Finance.
Shares and Investment Trusts
No changes, I just topped up existing investments.
Current share/IT portfolio can be found here.
(Entire portfolio here)
Future Fund
Still feeling a bit anxious about these highs and I have been making some changes to my portfolio (in a future post). The rocket continues to blast ever upwards which is great. My FF ended up at £352,553.
Dividends and Other Income
A decent month for dividends:
I received £725.75, of which £415.05 was from my ISAs, the rest from my SIPPs. All dividends were reinvested.
Here’s what my ISA dividend income graph looks like:
Pretty much there with my goal, with two more months to go.
Goals Update
Here’s how it looks for month 10:
Am working on the 4 non-fiction/classic book right now, need to keep on track.
Next post – decumulation etc?
Next post will definitely be about decumulation and what I am doing about my portfolio – don’t expect huge waves though, you know me, haha!
Hope you all had a great October!
Hi weenie,
I have been following your blog for years and it’s good to hear you will be looking at asset allocation. You have put on around 120k over just the past year which is amazing and yet maintain a high risk/high equity allocation even though you will be thinking about the options to stop or cut back work in the coming year or so.
As we know, markets have a habit of suddenly turning and that 120k gain could be lost so my advice fwiw would be to lock in the gains and future proof your retirement options before the inevitable downturn.
I look forward to reading your thoughts in the future post on decumulation.
Hey John
Yes, how to lock in gains but still continue to gain while the markets are frothy is something I have to consider. My default is to do nothing but I have to do something here! Drafting my post now…
Thanks for stopping by and commenting!
That annual £5k ISA dividend haul is getting so close! Will be a nice hurdle to clear when it arrives soon.
I’m getting rather twitchy about the Mag7 valuations and the US debt, but apart from a bit of rebalancing from equities into ‘bonds’ i’ve not done anything dramatic. I have been looking at diversifying further afield into gold (for a bit of long term insurance), but the fever that’s abound in that market at the moment doesn’t seem to make it too appealing at the current price. I may look to drip feed in over the coming months, but i think i’ll wait until after the Budget before making any firm decisions.
Who’d have thought that we’d be fretting over a market high. I think i was more relaxed with the GFC back in 2008!
Hi KC
Yes, the ISA dividend is looking good and is growing pretty much from reinvesting dividends as I don’t add a lot of capital to it.
Agree, we all wish for booming markets, yet we are fretting now that we are there!
I have some gold too so will likely add to that for some relative ‘safety’
We’ve done rather well out of precious metals recently. I’m tempted to de-risk a bit by selling in our ISAs and buying in my SIPP. Then if losses occur it’ll reduce the Inheritance Tax bill on the SIPP while income from the new ISA investments can be lavished on seaside holidays.
It may be that the future cost of “care” means that our estates won’t pay IHT anyway but there’s probably little harm in trying this wheeze. Amazingly I’ve not seen it suggested on the personal finance pages.
Optimal asset allocation within tax free ISA’s versus taxable SIPP’s is a subject i’ve dabbled a bit with over the years, but never felt i’ve ever got the apportionment right! I’ve always found myself looking back and wondering why on earth i’d decided it was a good idea to hold asset x in wrapper y!
Holding the ‘higher risk’ stuff in the taxable SIPP is about the best plan i could come up with (if it tanks i’m paying less income tax in theory when i withdraw), but inevitably i tend to see the SIPP outperforming the ISA, which is the complete opposite of what i’m hoping to achieve! I want more in the tax free ISA and less in the SIPP!
The Government meddling with CGT etc has also made some of my GIA allocations today look a little stupid. And possibly, more stupid in a couple of weeks time!
Lol, here’s to you enjoying those seaside holidays, dearieme!
I used to read your blog years ago and I am pleased to see you are still here being an inspiration. Keep going and keep posting!
Hi Kate
Thanks and yes, it’s been a journey but am still here, like a piece of FIRE furniture lol! Hope all’s good with you.