The Monthly Financial Update gives our readers an inside look at the allocation and performance of our personal portfolio. At the beginning of each month, we share a snapshot of our investments and highlight their performance over the previous month. In addition, we compute our progress towards achieving our retirement number.
The Sky Is Falling!
It's been a rough one. The market wiped out almost all of this year's gains in just a single month! How am I responding? With a big fat smile! When I invest, my ultimate goal is to acquire as many income producing, appreciating assets as possible. The assets I'm currently focused on acquiring are shares of S&P 500 and Total Market index funds. The more I can buy, the better. Every time the market falls, my eyes light up because I know I'll be able to afford a larger quantity of these great assets. It's like they are on sale. It's an asset sale!! How about 5% off? No? 10%! 15!? 20! As far as I'm concerned, the steeper the discount the better. I'm not concerned about losing money because money is only lost when you sell, and I never sell. I know that no matter what happens these assets will continue to produce cold hard cash for me each quarter in the form of dividends and I'm also privy to an amazing fact about the stock market. It always goes up!
-5.84% month over month growth
47.0% of retirement number saved
Check out our performance in the table below.
Accounts Portfolio Allocation Change In Value (October-November)
Total = 100% Liquid Funds 1.00% -28.77%
High-Yield Savings 7.97% 7.90%
REITs 0.92% 2.56%
401(k)s 50.88% -7.53%
IRAs 3.55% -6.20%
HSA 0.58% 3.76%
Cryptocurrencies 0.02% -9.33%
P2P Lending 0.27% 0.46%
Taxable Stock Investments 34.56% -5.32%
Debt 0.24% 53.78%
Portfolio Allocation = Current asset distribution of our portfolio
Investment Performance = Change in account value due to asset appreciation/depreciation, deposits, and withdrawals
Tools To Get You Started
Get a head start on your journey toward achieving financial independence by analyzing and tracking your income, expenses, investment performance, and overall net worth with the free online wealth management tool Personal Capital.
We use Personal Capital regularly to analyze our investment fees, track our investments, and project our net worth. We also periodically review our progress toward retirement with their retirement planning calculator.
If you’d rather do things on your own, become a subscriber today and you’ll receive our Free Financial Planning Dashboard. This tool allows you to enter your income and expenses to create a detailed budget. You can use it to track your spending habits over time or just to get an idea of where your money is going each month. Take a look at the automatically generated charts and you may discover you have a little more cash to invest than you thought.
If you’re interested in detailed instructions on how to budget, save, pay off debt, and invest, check out The 6 Phases of Building Wealth. This book provides step-by-step instructions for working through each “Phase” in the process of achieving Financial Freedom. If you're just starting out, the information in this book will provide you with an invaluable resource. You can pick up the digital version for only $2.99 on Amazon.
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