Monthly Financial Update – December 1, 2019

MonthlyUpdatePiggyBank

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.

Re-Doubled Investing Effort

This month we capped off the amount we plan to use as a downpayment on our future rental property (you may have noticed our high-yield savings steadily increasing this year, now you know why!). We've been searching for the perfect deal for several months but, so far, we haven't found exactly what we're looking for. However, now that the downpayment savings fund is complete, we have re-doubled our investing efforts! The large gains we made this month show that those efforts are already paying off.

Results:
4.51% month-over-month growth

66.5% of retirement number saved

Check out our performance in the table below.

The Numbers

AccountsPortfolio AllocationChange In Value (November-December)
Liquid Funds1.14%-1.26%
High-Yield Savings11.87%6.75%
REITs0.66%0.23%
401(k)s47.22%4.04%
IRAs4.09%3.66%
HSA1.13%9.67%
Cryptocurrencies0.02%-18.99%
P2P Lending0.02%-16.08%
Taxable Stock Investments33.72%4.58%
Debt0.13%-13.40%
Total =100%

Portfolio Allocation = Current asset distribution of our portfolio
Change In Value = Change in account value due to asset appreciation/depreciation, deposits, and withdrawals

Growth Toward Financial Independence

Tools To Get You Started

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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