Read on to find out how the frinances are doing here at the end of september.
I will be posting my expenses in the currency DKK as this is the native currency of Denmark. Use a simple tool such as this to convert to your local currency.
In short september was another month with a low dollar and standstill in the overall market performance. Not that this matters in terms of the strategy, when mainly buying index-products, but it still feels nicer to see value go up rather than down. The price of bitcoins have really been volatile and it seems there is a lot of stir in the whole crypto/blockchain world. Bitcoin is increasingly getting media coverage and I am reading more and more articles about central banks pondering the use of blockchain technology. Very interesting times indeed. Furthermore I attended the second of four meetings at a local cafe, where we discuss the monetary system, more specifically the role of banks in the creation of money. Simply put when people loan money in the bank they are created out of thin air which has huge implications on the economy. Most of all it drastically increases house prices which are at absolutely ridiculous levels in Denmark. This creation of money accounts for abut 95% of money in the western world, scary. More on that at a later date.
Posts written this month
Frinans introduction series – part 3: Why do I want to achieve financial independence
Frinans introduction series – part 4: How do I plan to achieve financial independence
The what, why & how of budgetting
The subscription trap
Now let’s take a look at the month of September in terms of frinances.
Stock and bond portfolio
I transferred money to my broker account at Nordnet and bought the usual global stock market index. I also transferred money to compile and buy more bond index funds at a later stage. All very boring and very good. If you want to look more into my investing, check the investing page.
With it being a rather eventless month, in terms of actual holdings of the portfolio, you could be tricked in to believing this is a simple copy/paste screenshot below:
That is not a bad thing though, this type of portfolio is supposed to look a little boring, perhaps so you don’t feel a want to change things and go spend your time outside instead.
The actual weight of the different components as of September 30th. are listed here:
Global stock fund: 78,7%
Danish bonds: 17,7%
Thin Film Electronics: 2,6%
Hugo Games: 0,2%
You can view my portfolio of bonds and stocks at all times at Shareville, my username is simply Frinans.
Not a lot of fireworks or rocket behaviour when it comes to the development of the portfolio either. This is what it looks like:
Portefølje means portfolio, the graphics wasn’t available in english.
It was positive month for the first time in a long time and this does warm my heart a little. I guess I’m a sensitive guy when it comes to investing.
Total worth: 252.000 DKK
I bought more bitcoins than usual because there was a massive dip in the price. It was difficult for me not to see this as an opportunity. Overall the price of bitcoin is down compared to last month, so the total value is about the same.
I saved another 1000 DKK this month as per usual.
Total savings: 21.040 DKK
I paid off a little of my student debt this month according to plan.
Total debt: 29.614 DKK
Overall I am very pleased. I achieved a milestone this month as the value of my portfolio at Nordnet grew to 250.000 DKK which was a goal for the year.
My overall portfolio of wealth as of September 2017 looks like this:
The overall value of my wealth is: Stocks + bonds + value of bitcoin + savings – debt = 264.000 DKK
Not included in the calculation above: Deposit for the apartment I live in and my pension.
As this was a fairly standard month it also means my savings rate was of fairly standard proportions. There isn’t too much left for me to gain by saving or living more frugally. I might be able to churn out 60% some months, but not much more than that. If the savings rate needs to go further up I need to make more money.
Savings rate for this month: 56%
As always comments are most welcome and I will do my best to answer all questions. You can follow or like the facebook page or follow frinans on twitter to get notified of new posts as well as interesting links and stories I stumble across. If you are interested in getting into Bitcoin you can sign up for Coinbase through my affiliate link, if you buy Bitcoin for a minimum of 100$, we both get a 10$ bonus. If you are interested in diversifying your investments further, then how about signing up for crowdlending through my Mintos affiliate link and gain an exclusive % on your investment.