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.

Properties

  • 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.

  • 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.

Abhi

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

11.88%

Time left to achieve FIRE Target

Current Month’s Investment Snapshot


FIRE Goals & Progress‚Äč

Total portfolio value increased by 23 lakhs in June’21 as I rented out my home and added it’s value in my total assets. Read June’21 above for details.

Value of my Portfolio by Category‚Äč


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Monthly Income & Expenses

wdt_ID Category Amount
1 Income (Spouse & Myself) 163,772
2 Total Passive Income 27,466
3 Passive Income (as cash in hand) 12,916
4 To Parents 25,000
5 Utilities 4,500
6 Apartment Maintenance 2,800
7 Household Expenses 10,000
8 Fuel 4,500
9 Misc/Unforeseen Expenses 30,000
10 MBA EMI (0% interest) 23,000

Better your Personal Finances

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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‚Äč

2019 – Total Passive income for 2019 was Rs.1,28,203

Alternate Investments‚Äč

Other Investments

wdt_ID Category Invested Current Value
1 Loan to Family Friend @ 15% pa 200,000 200,000
2 Sun Exchange 33,422 36,150
4 PF 221,067 456,211
5 NPS 100,000 127,100
6 APY 6,810 6,810
8 Investment/Insurance Funds 505,950 505,950
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
12 Grip Invest 50,000 50,000

P2P Investments‚Äč


Cashbacks & Rewards – Balance‚Äč

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‚Äč

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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Abhi littlesaves

Disclaimer

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.


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