June 2019 Savings + other updates

Just back from my hols, so here’s my belated update for June.

This month saw numerous social outings with friends, interspersed with meeting new people at my second investors’ meet up in Manchester (similar to the first one, except in the evening) and attending my first crowdfunding event.

Reaching my milestone age and attending these events nudged me to reconsider the allocations in my portfolio. After revisiting some old Monevator posts, including one on age and portfolios, I’ll be starting to implement some small initial changes – I’ll sort out a post on that soon.

So, how did I get on in June?

I saved 50% of my net salary! I should have/could have saved more as I received the second part of my small annual bonus this month. However, I’ve put some funds aside to cover for some holiday spends, some of which may carry over into July. Perhaps a missed opportunity to really bump up my savings rate but it’s been an expensive month!

The above savings includes top ups of £33.68 from TopCashback*, £60 matched betting profit (from last month), £50 from another premium bond win and £74.67 affiliate income from OddsMonkey (thank you to all who signed up via my links!).

Shares and Investment Trusts

I opened a small new investment in The Renewables Infrastructure Grp Ltd (TRIG) but mostly added to existing investments. I also made a small crowdfunding top up to my Freetrade investment.

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 risen to £169,631.

Dividends and Other Income

A decent month for dividends: Continue reading

Investing Mistakes

It’s been quite shocking to read about how trading on the Woodford Equity Income Fund has been suspended, meaning that many people are unable to sell and withdraw their money.

Neil Woodford took this drastic action as millions of pounds began pouring out of his funds as his previously loyal investors tried to leave what appeared to be a sinking ship.

Following the Herd

Back in 2014, I talked about how I was caught up by all the wave of publicity and invested in Woodford’s new fund.

He was like a rock star in the UK investing world, one of the few to become a household name.

Not smiling so much these days

A year later, I wrote that I was still happy with my investment as I saw some decent gains.

Fortunately for me, and not due to any kind of special investing foresight or premonition, I sold my entire holding of the fund early 2018 (for a profit) as I was switching the bulk of my actively managed funds into ETFs as part of a portfolio re-balancing exercise.

I pity the folk who have remained invested and who now cannot access their funds, so yes, I dodged a bullet there.

But all is not completely rosy with my own investments as I’m in a situation where I too have some funds which I cannot get access to right now (and I’m not talking pensions).

Properly Moosed

Back in 2016, I thought I’d go into property crowdfunding. It was something new, investments linked to something tangible, it looked like a good model, though I acknowledged then that there were risks.

So, I invested in Property Moose and all seemed great. I was receiving small regular ‘rental’ amounts for the properties I’d invested in, all looked tickety-boo.

In Feb 2018, the secondary market was suspended. Something was up.

In a nutshell, Property Moose’s business model wasn’t working. The model whereby investors purchased shares in each property and were paid monthly dividends was  unsustainable and ultimately discontinued.

The directors decided that the best possible long-term solution was to move all properties into a single PLC portfolio. This solution was voted on by investors and received a 99.48% majority.

All properties have been revalued and sold off to UK Diversified Property plc.

All investors who opted to stay invested will receive allocations of shares within the new company. The share price will be valued against the valuations, costs, and revenues generated by the portfolio of properties.

This company intends to be listed on the London Stock Exchange and will probably be like a REIT (real estate investment trust).

And this is where I’m at now, I can see that I haven’t lost my money (so far), I just can’t cash out and neither am I receiving any of the rental income from the properties.

I knew this was going to be a risk, which is why the money I’d invested came purely from my matched betting profits.

Yes, I was effectively gambling with proceeds from gambling in a way, but it’s still annoying that I can’t just walk away from this investment with my cash.

It’s not a huge amount, just under £2k, which if I lose won’t be massively detrimental to my wealth/portfolio.

Am just massively annoyed at myself if anything.

What’s happened to Property Moose might probably be an exception, other similar types of investment companies have been successful but I won’t be investing in anything like this again.

Live and learn.

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

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