May 2019 Savings + other updates

The month started off with a welcome £50 win on the premium bonds (2 x £25).

It was then pretty much just a blur of work, gym, a lovely weekend away (which will be in a future blog post) and a trip to the cinema to watch ‘Avengers: Endgame’ (which I thought was epic). Is it wrong to take my own water and snacks to the cinema?

There were a couple of unexpected costs which had me dipping into my emergency fund – the down-pipe/gutter at the back of my house had blown down so I had to get that fixed and my car failed its MOT, requiring a new tyre and repair to windscreen washer.

Anyway, on with the numbers – how did I get on in May?

I saved 39.3% of my net salary, which was better than I thought as some expenses (holiday ones) have been carried over into June on my credit card.

I should be due the second part of my work bonus next month, plus a small pay rise will come into effect, so should in theory, be able to save more of my salary.

The above savings includes top ups of the above-mentioned £50 premium bond win,  £67.40 from Google Adsense income and £138.30 affiliate income from OddsMonkey (thank you to all who signed up via my links!).

Shares and Investment Trusts

As mentioned recently, I sold some AJ Bell shares (which I acquired from IPO) and used this money to open up an investment in International Biotechnology Trust.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

The markets have been rather jittery this month I believe and my Future Fund has gone a little backwards at £164,227. Nothing to worry about, just continuing to invest.

Dividends and Other Income

Compared to last month, a more typical amount of dividends received. Continue reading

Serious Investing

I mentioned in a recent post that I attended an ‘investment meet up‘.

I had been contacted out of the blue by someone who had read my blog and who had wondered if I’d be interested in attending a meet up for investors in Manchester, which was run by SIGnet, the Serious Investors Group Network.

My immediate reaction to the ‘serious’ bit was that it wasn’t for me. Yes, I do invest on a regular basis but I don’t see myself or put myself in the ‘serious investor’ category – that to me would be someone who’s been investing a lot longer than I have, someone who lives and breathes investing, and who actually knows what they’re talking about! You know…people like the guys from Monevator or John from UK Value Investor.

However, I thought about it some more and I realised that in my own way, I am ‘serious’ about investing (Dogs of the FTSE and Monkey Stock portfolios aside!) as I am committed to investing long-term to grow my wealth and to ultimately fund my early retirement. My net worth is currently made up of around 60% in equities.

I was assured that it was just a group of like-minded private individuals who liked to meet up and chat about their investments, what they’d bought, sold and are interested in. SIGnet has a heavy presence in London and has apparently been around for 20-30 years.  I first heard of them when Mike @ 7 Circles blogged about them (though not in a very good light) but they were looking to secure a stronger base in Manchester.

So I agreed to attend. The fact that I had to book the day off work to attend gave me an idea of the types of people who would arrange a meet up on a Monday morning/ afternoon, when folk like me would normally be working in the office…

Meet Up

Anyway, the meet up took place in the boardroom of the Rain Bar pub in Manchester city centre. There weren’t that many in attendance, just the ten of us in total, and they all seemed to be regulars as they knew each other.

I fully expected to be the only woman there but was pleasantly surprised to find another.

As predicted, they were a mix of retirees, semi-retirees and freelancers/self-employed. And from the sounds of it, all experienced investors, including the chap who looked young enough to be a millennial.

I was hoping to just lurk in the background and listen, hoping that I wouldn’t be out of my depth, but within minutes of kick-off, as the newbie present, I was asked to introduce myself to all and talk about my investing background – yikes!

So, I just talked about my buy and hold strategy, investing in broadly diversified index tracker ETFs and investment trusts and building dividend income.

When prompted, I talked a little about my aim to FIRE, although none of them had heard of it before – my guess is that most of them had actually achieved FIRE already, but just weren’t aware there was a cool acronym for it!

We broke up for a pub lunch and when the event was all over, I stuck around for a drink with a few of them for a pleasant chat.

Did I Learn Anything?

It was fascinating to hear about other people’s investment strategies. Being in the bubble that is the FIRE community, it can be easy to forget that there are strategies other than just buying and holding index trackers, not that there is, of course, anything wrong with this strategy!

There was a lot of talk about AIM stocks, ‘ten-baggers’, which I assumed to be the likes of Fevertree (if you had bought at the start). As one said, he wasn’t interested in bits of dividends from FTSE stocks – that wouldn’t be enough for him to live on so he looked for stocks with potential for big capital growth. Good, if you can spot those kinds of stocks.

A couple had investments in properties (buy to let), there was mention of one dabbling briefly in bitcoin but in the main, everyone was investing in the stock markets.

Another mentioned that one of his strategies was to sell half of a stock, pocketing the profit and to hold onto the rest, a strategy which I adopted myself recently when I sold some of my AJBell shares to take advantage of the >170% gain since its IPO – I intend to hold onto the rest.

There were two presentations, with the millennial guy talking about how he personally went about choosing his investments, his analysis and research etc.

Another couple of the guys did an interesting presentation of a company (they were investors themselves, not owners of the company) but it prompted me to read more about it when I went home.

There was no hard-sell, nobody was asked to part with any money or to invest in anything – it was all quite casual though professional, all very informative.

Ultimate Lesson

The people in attendance made me feel very welcome and by the end of it all, I didn’t feel like an ‘impostor’.

However, I did realise that I wasn’t quite ready to be part of their club of ‘serious investors’. By that, I mean that I’m not where they are right now but I’m on my way there.

They are where I would like to be upon achieving FIRE, a position where I envisage I will have more time to dedicate to my investments, due to not having to work full-time.

That’s not to say that I wouldn’t attend future meet ups – I fully intend to (and to pay SIGnet’s annual £25 membership fee) because not only did I enjoy their company but I think there is still so much I can learn about investing, despite having invested for over 6 years. These people will have been invested during the big stock-market crashes, something I’ve never experienced before and many likely to be living off their investments already.

I’m not sure I would book the day off to attend another meet up (unless I had surplus holidays to use up) but I believe there’s the occasional evening meet up so will definitely be looking to attend a few of those.

Has anyone else ever been to one of these kinds of meet ups specifically for investing?

April 2019 Savings + other updates

Another month has whizzed by – late nights at work, gym sessions and nights out all  sort of melded together. Oh and GoT! 🙂

My spending usually starts hiking up over the spring/summer months so I really need to watch my eating out from now on, although looking at my diary, I’ve already got too many social events booked in and I have a full bank holiday weekend.

What else did I get up to in April? I was featured in a ‘Bloggers on Fire’ interview, went on a 7-mile walk, topped up my tan and also attended an ‘investment meet up’ – I’ll do a write up on this soon.

Although it looks like I’ve been doing a lot of late nights in the office, I’m not actually moaning or complaining, as things are actually pretty good at work. Business continues to grow so my volume of work has gone up. The work I do could be done at home but I don’t like working from home and I find that email or Skype tennis isn’t half as productive as face-to-face communication. I know there are ways I can work smarter but just need to smash through what I’ve got on at the moment.

Anyway, how did I get on in April with the numbers?

I saved 43.6%, only because much of my going out expenses went on my credit card so those will hit my numbers next month.

As predicted, I was not able to max out my 2018/19 ISA – I got up to £16,400 in the end and that included jiggling emergency cash and some matched betting funds into my cash ISA. I’m going to make a real attempt to max out the 2019/20 ISA, although it looks like I’ve made a poor start on this already with my spending! Must try harder.

The above savings includes top ups of £35 from TopCashback*, £200 matched betting profit (from last month) and £138.41 affiliate income from OddsMonkey (thank you to all who signed up via my links!).

Shares and Investment Trusts

No new investments, just added to existing ones.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

The markets have been pretty buoyant lately as my Future Fund has shot up to £164,851.

Dividends and Other Income

A record-breaking month for dividends: Continue reading

March 2019 Savings + other updates

So I celebrated 5 years of blogging and I’ve been blown away by all the wonderful comments  – thank you very much for all your support! 🙂

Anyway, it’s been a blur of a month, one which saw me working some late nights, binge-watching seasons 2 & 3 of ‘The Expanse’ and also enjoying a few social outings, including meeting up with fellow FIRE wannabees in Manchester.

One piece of good news at work was that I received a partial bonus, so how did that affect my savings this month?

I decided to chuck the whole bonus into my ISA so I ended up saving 64%.

There’s no way I can max my ISA (I’ve only ever done this once before) and with a few days to go in the tax year, I’m trying to work out how much of my emergency and matched betting funds I can safely shift over, without leaving me short.

The above savings includes top ups from my £25 premium bond win, £14.35 from TopCashback*, £100 matched betting profit (from last month) and £87.59 affiliate income from OddsMonkey (thank you to all who signed up via my links!).

Shares and Investment Trusts

No new investments, just added to existing ones.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

I guess the markets are still going up as my Future Fund has grown by more than the capital I’ve invested, now sitting at £158,763.

Dividends and Other Income

A good month for dividends: Continue reading