Abhi’s FIRE Investment Portfolio | #AbhiOnFIRE #LittleSaves
Abhi’s Investment Portfolio – as of June’2021
Pay close attention as June’21 was a major month where I made a few big changes to my portfolio and my FIRE journey.
- Current home: I have vacated my current home and have given it for rent. I will be receiving a rent of Rs.21,000 per month from this house.
- Current stay: As work from home has extended I have moved in with my parents for the next couple of months. When my office calls me back, the plan is to get a house for rent next to my office. I travel over 50km per day from current home to office in Bangalore traffic. So this will save me a lot of time, plus work in my interest in terms of tax breaks.
- New Property: In addition to this, I have made a down payment to purchase another 3BHK apartment in Bangalore. The apartment is under construction and will only be delivered to me in 2024. I will be paying partial EMIs till then.
- 3rd Property: Call me greedy, but we are hoping to buy another property in a few years time in our native place. So I have started a fund to set aside money for the down payment of this property.
- Till this point of time I never added the value of my home to my FIRE portfolio as I was staying in it and it never generated any income. With me moving our and starting to earn income, this has changed. So starting this month I have added the value (not the value of the property, but the amount that I have paid up so far) as part of my investments. Starting next month the rent will be considered as passive income.
Company Leased Car
- Previous Car: I have sold my previous car that was under 3 year company lease two months back. After taking into considering everything, I made a profit of about Rs.25,000 on the car (even after including the maintenance, petrol, accessories I paid for during these 3 years). So in all I got to have a car for 3 years and at the end of 3 years got an extra 25K as bonus!
- New Car: As the benefits under Company Leased vehicle are quite handsome for me, I have booked and taken delivery of a new car in June’21. The EMI for this car will start from next month
- As mentioned on the Company Leased Vehicle post, I will be enjoying all benefits on my new car as well and it will work out to a small profit for me at the end of the lease.
Investments & Portfolio
- Crypto dipped considerably. I am itching to buy more during the dip, unfortunately since I just paid the booking amount for my second apartment and need to pay another Rs.3,00,000 for the sale agreement, I cant afford to invest more when the prices are low.
- I’ve invested Rs.50,000 in Gripinvest. The returns are decent (about 8% post tax) and this helps me in diversifying my portfolio a bit. Read the complete Gripinvest review here and my take on them.
- I’ve also moved Rs.2,50,000 from other investment sources to Tradecred for 11.5% returns.
You can check out my earlier updates below.
What happened in May’21:
- With Elon back peddling on Bitcoins, BTC lost steam and plunged to $32K levels. This gave me an opportunity to move some funds into crypto. You will notice my crypto holding has doubled in May 2021
- I waited and waited to get back into stocks and then dropped the idea in favour of crypto. 5 years down the line I will either regret or rejoice for this decision. Only time will tell.
- I added a small amount into debt funds
- With less than 8 years to clear our current housing loans, my wife and I are starting to set aside a bit of money for a new house. The plan is to have enough saved up in 2-3 years time to pay the down payment for a new house and move to that one. We will then continue to earn rent from the current one.
WHO, WHAT, WHEN
Abhi is a 30 years old engineer living in Bangalore. He’s on a mission to save Rs.5 Crores by age 40 to retire and do what he loves, no longer needing to worry about a job. He hopes to achieve financial independence by building a stream of passive income sources that make early retirement a possibility.
Achieved out of Rs.5 Crore Goal
Time left to achieve FIRE Target
Current Month’s Investment Snapshot
|Final Goal||Rs.5 Crores||wdt_ID|
|Total Invested||Rs. 58,88,332||1|
|Current Value||Rs. 59,38,339||2|
|This month's Passive Income||Rs.27,466||4|
|Time left||124 of 144||6|
FIRE Goals & Progress
Value of my Portfolio by Category
Monthly Income & Expenses
|1||Income (Spouse & Myself)||163,772|
|2||Total Passive Income||27,466|
|3||Passive Income (as cash in hand)||12,916|
|10||MBA EMI (0% interest)||23,000|
Better your Personal Finances
- Financial Independence: Learn to stop depending on your salary and get to a point where a full time job is just optional.
- Retire Early: Are you planning to work 9 to 5 till 65? Well Early retirement is a possibility and we show you how.
- Passive Income: Stop chasing money. With a good stream of passive income money follows you no matter how little work you do.
- Investing for Beginners: No jargons, here are easy steps that can get your mausi to start investing and making money multiply
- Money Management: Learn to manage money like a pro. Get the best of templates and tips to make your father in law jealous.
Property & Real Estate Investments
|wdt_ID||Location||Type||Value of Property||Amount Paid Up||Rent Income/month||Loan End Date|
|25||Bangalore||2 BHK Apartment||5200000||2,379,000||21,000||02 Apr 2029|
|26||Bangalore||3 BHK Apartment (under construction,2024 delivery)||4850000||125,000||0||01 Aug 2039|
|27||Yet to Decide||Cash saved for 3rd rental property||0||373,120||0|
Passive Income per month
|1||Loan to Family Friend @ 15% pa||200,000||200,000|
|9||Loan Taken @ 7% pa||-100,000||-100,000|
|10||Liquid Fund (for Emergency) @7% pa||0||0|
|11||Cash (for Emergency) @4% pa||57,006||57,006|
Cashbacks & Rewards – Balance
|wdt_ID||Month||American Express Points||Cashkaro||CRED||Airmiles||Flipkart Supercoins & Vouchers||Hotels & Stay points||Other points programs||Quickride||IOC Rewards||Play Rewards||Total|
|1||01 Feb 2021||4,532||1,503||17,025||20,813||1,231||2,593||2,200||0||22||1,000||50,919|
|3||01 Jan 2021||6,794||1,252||15,889||20,637||1,207||2,593||2,200||0||22||1,000||51,593|
|8||01 Dec 2020||5,935||95||13,887||20,102||1,207||2,593||2,200||0||16||1,000||47,034|
|9||01 Nov 2020||4,182||5,546||14,675||19,753||1,752||2,593||2,200||0||16||1,000||51,715|
|10||01 Oct 2020||5,388||5,546||13,993||19,431||2,705||2,593||200||0||303||1,000||51,158|
|11||01 Sep 2020||4,493||4,806||12,631||18,845||2,945||2,593||200||0||303||1,049||47,864|
|12||01 Aug 2020||3,734||3,847||11,381||18,545||2,577||2,593||200||0||286||399||43,562|
|13||01 Jul 2020||2,894||3,204||10,713||15,650||2,229||2,593||200||0||286||324||38,093|
|14||01 Jun 2020||2,091||3,198||9,253||14,790||1,679||2,593||200||0||279||302||34,385|
|15||01 May 2020||159||3,167||8,317||13,822||1,378||2,593||200||0||279||264||30,179|
Cashbacks & Rewards – Redeemed
|wdt_ID||Month||American Express Points||Cashkaro||CRED||All other Credit Cards||Flipkart Supercoins & Vouchers||Other points programs||Quickride||Paytm Cashbacks||Amazon Pay Card+Cashbacks||Play Rewards||Total|
|1||01 Feb 2021||9,000||0||201||3,012||0||0||0||0||2,188||0||14,401|
|3||01 Jan 2021||0||0||125||3,461||0||0||0||22||934||0||4,542|
|8||01 Dec 2020||0||4,210||8466||800||2,724||0||0||10||1,055||0||17,265|
|9||01 Nov 2020||7,000||0||776||6,847||1,480||287||0||20||693||0||17,103|
|10||01 Oct 2020||0||0||133||1,050||500||0||0||60||1,333||60||3,136|
|11||01 Sep 2020||0||0||140||2,112||100||0||0||0||375||70||2,797|
|12||01 Aug 2020||0||0||170||1,243||200||0||0||0||1,284||0||2,897|
|13||01 Jul 2020||0||0||85||1,289||100||0||0||0||929||0||2,403|
|14||01 Jun 2020||0||0||110||658||559||0||0||0||529||0||1,856|
|15||01 May 2020||0||0||99||1,881||0||0||0||11||457||0||2,448|
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I am not a financial expert, nor am I certified to give investment advice. What you see here is completely my journey and what I am doing with my money. Take your actions at your own discretion and with care, after all it is your hard earned money and future.
Little saves is all about promoting the habit of saving, capitalizing on deals and cashbacks, putting your money to work for you and increasing your knowledge of personal finance. I never make any stock picks or which crypto currency to buy (I suck at it!), nor do I advice you to follow me. When you are on Little Saves, try to take away the good habits that worked for me, try to avoid the bad habits that did not work for me. Don’t try to mimic my investments as what worked for me may not work for you.
I do earn advertisement fees and link fees for some posts on Little Saves. This helps to partially cover my hosting charges and costs of maintaining the site. But, I never compromise or oversell anything for the income. 90% of everything that I talk about are those I personally invest in or use, having spent countless hours reading up, then investing my own money and finally bringing it to your notice via Little Saves.