2019 Goals

Before I go into my goals, I will mention that I intend to continue to throw my cash into investments in the face of probable continued turbulent markets, uncertainty due to Brexit and whatever else happens around the world which might cause share prices to go down (or up).

I don’t intend to hoard cash because I don’t know how to time the markets and wouldn’t want the anxiety of trying to decide when to invest so I’m just going to continue investing monthly regardless. Keep calm and carry on and all that.

I need to ensure that my emergency cash funds are topped up (having dipped into them recently to fund some holiday excesses)  – my aim is for them to cover 3 x monthly expenses for now.

Anyway, back to the main topic…Goals!

As with recent years, I find that setting only a few goals works well for me, allowing me to focus, with little room for distraction so I’m going to do something similar exactly the same for 2019.

Not every exciting, I know and perhaps not really stretching either but there’s another reason why I want to keep things simple and familiar, which I will go into later.

So without further ado, here they are:

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December 2018 Savings, plus Round Up

Happy New Year!

Hope you all had a fabulous Christmas and enjoyed the celebrations last night to see in the new year, whether you were out in a noisy pub/bar or at home watching ‘Jools’ Annual Hootenanny’ – I was doing neither, as I was already tucked up in bed suffering from jet lag well before Big Ben’s chimes rang! I could have dragged myself out to meet up with friends but FOMO can’t compete with sleep these days!

Anyway, I had a great break in Hong Kong, spent a lot of quality time with family, ate too much, though surprisingly drank very little.

So, how did I do in the last month of the year?

I saved 38.4% – surprisingly higher than expected but I put some of my Christmas shopping on my credit card so that will appear on next month’s bill.

My average for the year ended up at 43.2%. Although I didn’t achieve my goal (again) to hit that elusive 50%, I’m quite satisfied with this average.

The above savings include top ups from £155 matched betting profits (from last month), £42.61 from TopCashback* and £66.32 affiliate income from OddsMonkey (thank you to all those who joined via my link – much appreciated!). I also withdrew £1k from my Smarkets exchange account which was chucked into my SIPP.

Shares and Investment Trusts

I made an investment in JPMorgan Asian Investment Trust – don’t have a lot in this region so thought I’d diversify a bit.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

I think this is the rockiest year of investing that I’ve encountered so far – no Santa Rally this time.

My Future Fund ends the year at £142,831, which was around what it was back in April 2018 – one step forwards, three steps back it seems! Hitting my £150k milestone back in September seems like a dream now but I look forward to hitting it again in 2019!

Dividends and Other Income

Dividends received this month: Continue reading

Thought Experiment #1

I’ve been persuaded to take part in a ‘thought experiment’, where people give their own take on the same thought/idea or scenario.

Please check out Saving Ninja’s post which explains in more detail.

So here’s the first scenario:

What would you do if right at this very instance you got given £1 million? This could be from a lottery win, an IPO, a scratch card, you name it. No tax needs to be paid, it’s just been plopped directly into your run-of-the-mill bank account.  

Lucky me! 🙂

Ok, off the top of my head, I would….

…be Financially Independent and would be able to retire early immediately, but I wouldn’t, not right away anyway. It’s a lot of money, I’d like to think things through properly so yes, I’d still go into work! I know for a fact that I would not be mentally ready to give up working just yet.

…remain anonymous and tell only my immediate family how much I had won and tell my close friends I had won a ‘large amount’. Why not tell them the exact amount? I’m not sure – never really discussed money with my friends so not really sure how they would react to be honest.

…put aside £300k to be gifted to my immediate family – all members of my family are already a lot wealthier than I am but I would still want to share my winnings and good fortune.

…put aside £100k to be gifted to my close friends. No idea how I would do this but in whatever tax friendly way I can do it, be it paying for their holidays, etc.

…put aside £100k for specific charity needs. Rather than throwing it into a charity pot, I’d like to pay for stuff like school equipment, that kind of thing

…use the remaining half to buy a property which would ultimately be my primary residence, perhaps buy another small property to rent out and invest the rest in boring index trackers to enable me to have a ‘fat’ retirement!

…be lying if I said I wouldn’t change because that kind of money all of a sudden is life-changing, for me anyway. I would probably naturally become less frugal but I think I still wouldn’t be wasteful or flash with my money. I wouldn’t buy a new car, as there’s nothing wrong with my current one, although I could realistically consider a new electric car as my next motor.

…start looking at holidays to Japan, Australia, New Zealand and the USA!

Reading back on the above, there are probably some tweaks and changes I would make or add but the point of the exercise is to not dwell on your answers and just write what comes to your mind immediately.

What would you do in this instance?

Edit – Here are the other bloggers who took part in this experiment and their thoughts:

Ms ZiYou
Saving Ninja
TheFIREStarter
in-deed-a-bly
Early Retirement – Early Freedom 
Steel Kitten
Inspiring Life Design
DrFIRE

If you fancy joining in and want to be added to the experiment, send a tweet to @SavingNinja or send him a message via his website.

PS – I live in hope that I bag £1m with my premium bonds!

2018 Goals + Bingo

Happy New Year to you all!

For those who work, I don’t know about you but this felt like the longest week ever in the office!

I have no idea what this year will bring but just hope that it will be interesting (bubbles and market corrections? Bring ’em on!), with a lot of good stuff and laughs in between! Oh and with me (and you) continuing to head in the right direction with our finances (bubbles and market corrections notwithstanding!)

Anyway, back to the main topic…Goals!

I only set a few goals last year and the focus on just those few worked well for me with little room for distraction so I’m going to do something similar exactly the same for 2018.

So without further ado, here they are:

Continue reading