The weeks have flown by in the blink of an eye and it’s time for another update.
I managed a savings rate of 39.4% – entertainment/social costs with the family, and birthday outings added to the expenses.
My average savings rate has continued to plummet – it’s now at 47.1%. It’s not been easy keeping to my usual spending routine with family around. Still pretty good I guess but I don’t have many months left in the year now to try to drag it up to my target of 50%. I’ll just try to get as close as possible in that case.
The markets continue to be buoyant in the face of Brexit doom-gloomers and my portfolio now stands at £81,511, a gain of over 4.8% from last month. It didn’t seem that long ago that I broke the £70k barrier, yet here I am sliding past the £80k mark – a combination of new investment capital and investment gains. I know that this figure could just as easily drop (eg when Brexit actually happens) but right now, my portfolios are heading in the right direction.
Dividends and Other Income
Dividends received this month (which will be reinvested):
A decent sum of £80.05, which is my 3rd highest monthly income received so far. This compares favourably with last August’s dividend income of £29.44.
Total dividends received this year now stand at £556.24 so I reckon I will more than likely achieve my yearly target of £720. Average dividend income so far is £69.53 per month, average over 12 months now at £46.35.
Here’s my dividend income progress for those who like the visual impact:
I’m glad this graph is looking quite dramatic as I have a feeling it might not be the case next year – due to my job uncertainty, I may not be able to add any capital, so there are unlikely to be such big year on year increases. Anyway as you can see, I’ve come quite some way since 2014!
My ultimate goal is to aim for a monthly average of at least £250 but it’s very early days yet.
Anyway, I also received £14.03 in P2P income, so that’s continuing to chug along nicely.
Shares and Investment Trusts
I made a new investment in XP Power Limited. I’m probably not going to buy many more new individual stocks, more likely to just top up existing holdings or invest more in investment trusts.
Current share and investment trust portfolio can be found here.
A big “Hurray” for the start of the football season! Whilst I loved watching the Olympics, I’ve really missed the football – yes, the drama and the primadonnas that are Premier League footballers!
This month saw me making my highest profit so far – £591! Total profits since I started matched betting six months ago now stands at £2593.
It’s nothing to shout about really, not when compared to what some others who do matched betting make but I’m more than happy with this amount, which is of course tax free.
I know that if I spend more time on matched betting, I could earn more but for now, I prefer to spend my time doing other stuff. I put in a little extra effort due to the start of the football season but nothing significant – luck had more to do with it, in that I was lucky with a lot of results that went my way (for a change) and I got the free bets.
Not all good news on the matched betting front however – this month saw me unluckily get a couple of my accounts ‘gubbed’, ie I got the dreaded mail that advised me that I was no longer eligible for bonuses or free bets. Although they weren’t my main accounts, one was an account which I have used pretty much exclusively for tennis accumulators in the past, so a bit of a shame to lose that one.
Non-Financial Goals Update
Here’s how things look on the goals front in brief:
I’m making some progress on the library book reading front but my target of 20 is looking very ambitious at the moment. 11 books til the end of the year…I’d best get cracking with my reading!
I know there are only 2 financial related books that I have to read but no matter how interesting the topic, I always struggle to read non-fiction.
Good fantasy/thriller? Stay up til wee hours reading.
Non-fiction? Snoozing after 10 minutes!
So how did everyone else get on in August?