The Quick Takeaways
This month savings rate: 20 %
This month leverage: N/A
Rolling savings rate since February 2016: 56 %
Total value of portfolio: 540.000 DKK (84.000 $)
Years till I hit a 7 % SWR: 3.1 Years
% Change since last month: 3.2 %
So What The F*** Happen This Month
This month has been the third worst month according to my savings rate since I started this journey back in February 2016.
I have been away with the national rowing team for six weeks. First we were on a four-week training camp in Austria, and then we left for the world championships in Bulgaria for about two weeks.
Even though we did terrible at the world championships, I’m still grateful for the experience.
Because of the six weeks away from my day job, I ended up with almost no money this month. That is not moving me closer to my FI goal. But I do love rowing. So getting the opportunity to eat, train and rest for six weeks where I don’t have to pay for it, is even more awesome!
After my last update, I ended up buying more stocks and leveraged more than I wrote. So the comparison to last month is a bit off. In the future I will do all of my savings, borrowing and investing before I make this post. So I don’t end up doing other stuff than I what I have written here.
Due to the bad savings rate I’m not going to invest, or leverage anything this month.
I would like to have about 10 % in cash. As a buying opportunity if the market will crash (Which if think it will soon). I do not believe in market timing, and the only reason I’m not investing this month is because of the lack of my saving. It doesn’t make any sense to buy a low amount of shares, because of the fees it will cost me on the transaction.
I have invested this month though. I maxed out a tax-advantaged retirement account with 5100 DKK (800 $) with funds from my account where I borrow my money.
The money of that retirement account is not included in my networth. Because I won’t be ale to use those money until I hit the “cultural retirement age” of +65 years.
Hopefully I will have a better savings rate next month.
I’m also cutting my leverage ratio in this market situation we’re in. By setting aside some cash now I too hope to get some bluechips on bargain later 🙂
Btw, I see that you’re using Nordnet, and assume that you borrow money using “Superlånet”. In Norway they’ll set the interest rate up to 2,21% in December (from 1,7%). That is for sure another reason why I’m more reluctant towards leveraging now. But I think the DKK rate is the same (0,99%) right?
Yes – that is the one I’m using.
Oh, really? I haven’t heard that they are doing that in DK, as far as I know it is still 0.99 %