By Route 2 FI
Index Funds
In the figure below you can see my index fund value as of 1. november 2019.
I sold my apartment in july 2018 (and then bought a new one 50/50 with my fiancee). That was when I got serious with my investing.
- The blue line is the market value of my index funds: $272,264
- The orange line is the investment value of my index funds: $244,555
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 up + 4,95 % (aprox. $10,877).
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.
Since the beginning of my index investing journey (january 2018), my portfolio is up 17,47 %.
My volatility for the portfolio is 9,97 % for the last 12 months.
If I were to quit investing today (which I obviously wont), I would have earned $27,708 (253,001 NOK).
Income, Expenses And How Much I Can Withdraw According To The 4%-rule
- The figure above shows the connection between my income (orange), expenses (blue) and monthly FI money according to the 4% rule
- As a result I will become financial independent when the blue and red line crosses each other.
- If I quit my job today and never took a paid job again - my monthly FI money would pay out $907,5 every month for the rest of my life
It’s motivating to see that I can safely withdraw $907,5 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 $600.000 USD.
This means my monthly FI money goal is $2,000 USD each month. I’m almost 1/2 to my goal and it feels great!
Recently I wrote a detailed post on how I will reach a $600.000 net worth in only 5 years.
Portfolio results for september 2019
My portfolio was up +4,95 % in september 2019.
- Averarage expenses in 2019 so far: $1617,6
- In 2018 my average expenses was: $1701
- Average income in 2019 so far: $5246
- In 2018 my average income was: $4313
- Monthly FI money as of september 2019: $907,5
Mortgage
We own an apartment 50/50 that has a total value of $515,000. That means my share is $257,500.
While this sounds good, my share of the mortgage is $229,042.
The interest rate on the mortgage is 2,35 %.
Pension
My current pension is 47.727 $.
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 $52,058 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 2.47 %.
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 2.47 %.
I'm not paying anything on this loan at the moment.
Total Net Worth
- Index Funds: $272,264
- Mortgage: $28,458
- Pension: $47,727
- Student Loan: $-52,058
- Stock Investing Loan: $-49,125
I made this 16-pages FREE workbook with the steps I’ve taken on my path to Financial Independence.
Having a goal written down with a set date for accomplishment gives you something to plan and work for.
It’s 7 lessons and I hope you enjoy it!
After you’ve signed up, you will recieve the book right away.
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Related posts:
Net Worth Update #6 – May 2019
Net Worth Update #7 – June 2019
Net Worth Update: Almost $200,000 – July 2019 !
Net Worth Update: $203,394 – August 2019
Net Worth Update: $214,551 – October 2019
Net Worth Update: $256,568 – December 2019
Every Dollar I Earned, Spent And Saved In 2019 – Savings Rate: 73,2% !
Net Worth Update: $291,282 – March 2020