Net Worth Update: $291,282 – March 2020

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Net worth: $291,282!

This is my 17th net worth update. In february I had a 72,7 % savings rate!


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By Route 2 FI

Index Funds

In the figure below you can see my index fund value as of 1. march 2020. 

Because my brokerage account is in NOK and not in US Dollars, the numbers fluctuate a lot every month because of currency changes.

As you can see on the screenshot below, my portfolio was down 5,79% in february 2020 (aprox. $13,155).

Below you can also see the funds that I’m invested in. 

In total my portfolio is exposed aprox. 70 % to MSCI World and 30 % to MSCI Emerging Markets.

 

Income, Expenses And How Much I Can Withdraw According To The 4%-rule

It’s motivating to see that I can safely withdraw $812 every month for the rest of my life.

I will do everything I can to raise this dollar amount in the future. 

As you all know my goal is to save $500.000 USD.

This means my monthly FI money goal is $1,667 USD each month. I’m over 1/2 to my goal and it feels great!

Recently I wrote a detailed post on how I will reach a $500.000 net worth in only 2 years and 4 months.

Portfolio results for february 2020

My portfolio was down -19,9 % in february 2020. This is of course due to the USD/NOK-currency. In NOK my portfolio is down "only" -5,7%!

Mortgage

We own an apartment 50/50 that has a total value of $528,000. That means my share is $264,000.

While this sounds good, my share of the mortgage is $186,991

The interest rate on the mortgage is 2,55 %.

Pension

My current pension is $58,873.

I recently found out that I had a pension plan in a job I had as a teenager as well. Pension is a really iliquid asset class, because I can't withdraw the amount before I'm 62 years old.

Student loan

After nine years with different studies I got $43,303 in student loans.

In Norway the university has no fees, so this is a loan covering basic living expenses while you're at the studies.

The interest rate is 2.57 %.
I'm not paying anything on this loan at the moment.

Stock Investing Loan

I was recently approved as a Private Banking customer at my broker Nordnet.

As a Private Banking customer you're allowed to loan $55,000 (500,000 NOK) to 2,95 interest rate.

The interest rate is 2.95 %.
I'm not paying anything on this loan at the moment.

Total Net Worth

1
Net Worth (USD $)

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