Net Worth Update: $205,129 – September 2019

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Net worth: $205,129!

This is my 10th net worth update. In july I had a 61 % savings rate!

By Route 2 FI

Index Funds

In the figure below you can see my index fund value as of 1. september 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: $170,045
  • The orange line is the investment value of my index funds: $156,559

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 -0,74 % (aprox. -$1,200), which doesn’t scare me at all.

Actually I thought the market was a lot more down than that!

Last sunday I posted a thread on Twitter about all the details regarding my stock portfolio. 

Click the thread below and you’ll see how many % I’m up from the beginning, how many % I’m up this year etc.

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Since the beginning of my index investing journey (january 2018), my portfolio is up 9,66 %.

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These are the funds that I’m invested in. 

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

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My volatility for the portfolio is aprox. 11% for the last 12 months.

If I were to quit investing today (which I obviously wont), I would have earned $13,478 (121,330 NOK).

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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 $566,8 every month for the rest of my life

It’s motivating to see that I can safely withdraw $566,8 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 up 600.000 USD.

This means my monthly FI money goal is $2,000 USD each month. I’m over 1/4 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 august 2019

My portfolio was down -0,74 % in august 2019 (my portfolio consists of aprox.
70 % MSCI World and 30 % MSCI Emerging Markets).

  • Averarage expenses in 2019 so far: $1785
  • In 2018 my average expenses was: $1701
  • Average income in 2019 so far: $5026
  • In 2018 my average income was: $4313
  • Monthly FI money as of june 2019: $566,8

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 $217,565.

The interest rate on the mortgage is 2,10 %.

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 $52,578 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 2.24 %.
I'm not paying anything on this loan at the moment.

Total Net Worth

  • Index Funds: $170,045
  • Mortgage: $39,935
  • Pension: $47,727
  • Student Loan: $-52,578
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Net Worth (USD $)

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One Reply to “Net Worth Update: $205,129 – September 2019”

  1. Thanks for the update! I always appreciate candid updates like this. Awesome to see that your net worth is up to $205, 129. Very cool breakdown and good to know you could already afford to withdraw $566.80 every single month for the rest of your life. Enjoying your progress!

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