November was a particularly good month in terms of performance as both the share markets recovered from the September and October slump and additional cash came in from the business venture. So overall the net worth target for the year was achieved (R4m), hopefully December continues to play ball from a markets perspective and doesn’t drag us back below the goal. Total net worth now at R4.04m ($365k).
So overall, due to the cash in from the business, savings for the month was at ~80%! and around 55% for the year to date so far of take-home income. So for the monthly increase, bit more than half related to additional savings and the rest from the improvement in the share market. The problem now is that we have a bit too much cash that hasn’t been invested – will look to put a decent amount of cash into local and international shares in the coming weeks before year-end.
October was an interesting month, we had a continued pull back in the share markets that offset any additional cash placed into savings. Overall savings rate for the month was ~45% of take home pay. Net worth target for the full year still on track with two months to go with a potential cash dividend coming from the business to assist with achieving the goal before year end.
If the market continues to fall will look at acquiring more shares than just the normal monthly investment.
Most of the return for August was driven through contributions to RAs and share investment accounts. August savings rate was lower than prior months at ~25% of take home pay. This was primarily due to pre-purchasing a few items for year-end at decent discount rates (around 50% off on travel fees), so my savings rate will pop back up for the rest of the year. For the year to date, savings still at 50% of take home pay. Goals are still on track for the full year, it will be good to reach a 20% growth in net worth by year end. With quite a significant portion of wealth now stock-market linked, it could be a bit bumpy.
In terms of discounts for year-end, it seems in SA you can get very good deals if you plan and shop around. The only problem is my wallet is getting too fat with all these loyalty cards. Hopefully the iPhone 6 will make NFC payments a reality in the US, then in a few years we’ll be using our phone or back to a single card for everything again.
August wasn’t an exciting month for dividends, especially after the bumper one in July.
I have some cash that is building up from the savings and not too keen about any investment ideas at the moment. Stock market is still high (locally and offshore) so not too fond about putting my savings every month in there, but am still doing my quarterly investment for cost-averaging. Haven’t bought the JSE for quite some time, and am currently just managing my offshore exposure with my contributions. Anyway at least trying to automatically invest every quarter and not think too much about it. Am getting close to my target allocation – quite excited to start looking at property or fixed interest again, especially once interest rates have gone up a bit more, maybe we’ll even have a stock market correction… Anyway, for now am just staying with target asset allocation and saving as much as possible – time will do the rest.
July was a good month – total net worth grew to R3.8m ($360k). Still on track for the R4m target by year end.
Growth this month came from some cash back on tax return filing, savings towards shares and RAs – this pushed our savings rate to just under 65% this month. There was little growth in the market value of existing shares in July and the exchange rates were mostly flat.
Have managed to increase savings for the future due to finally switching to Discovery Insure and its excellent 50% cash back on fuel expenditure from BP (capped based on their points system, go read about it on their site if interested). So that’ll probably drop our expenses by a further R600 ($55) per month with the aim of increasing this over time.
Also, made some changes on life policies to reduce the monthly expenses here slightly and hopefully switching to annual cash back rather than every 5 years. Based on our Discovery Vitality status we could get back to 50% of our premiums which always helps.
Net worth now at R3.7m ($345k). June was a reasonable month, with savings at around the 50% mark of pay. The net worth increase was primarily as a result of these savings channeled towards RAs and shares, with little overall movement in the stock markets to affect us.
The goal is to reach R4m (+-$400k) of net worth before year-end.
Net worth reached R3.65m ($340k at current rand dollar exchange rate) up R96k from last month. Mostly an increase on the back of an overly aggressive stock market. JSE is trading at 19x PE, but lots of it due to recent exchange rate weakness, and Chinese growth.
Still on track to reach R4m by year end especially if my private company shares pay out some dividends or a bit of a raise at work will help.
I still need to sort out lowering my insurance premiums, just been too busy at work.
Breached the R3.5m net worth mark!
Main growth was in value of shares and cash saved. Was a good month for saving at 50% of take-home pay. Would be higher savings if I include the savings in the house payments (capital of bond less interest) – that pushes it close to 55%.
Hopefully can get some dividends soon from business ventures – they’re holding lots of cash and value that isn’t in the net worth.
At this rate, looking at passive income covering expenses by Dec 2020.