Hello there! I have been travelling the last two weeks, visiting parents and some temple visits, rituals etc. Hence the delayed update.
October’20 has been some what a lazy month for my portfolio. Not too much of a shift up or down. Travel, temple visits and donations cost me a bit in terms of expenses. Diwali shopping too set me back quite a bit this month. Here is how it went.
My FIRE Progress
- Overall Investment and current portfolio value decreased by about Rs.40K as I had to liquidate some savings to cover donation and family expenses.
- Diwali shopping was on steroids!
- I have a total of Rs.19.27 lakhs as savings. My target for this month was Rs.15.63 lakhs
My Overall Investments Progress
|Final Goal||Rs.5 Crores|
|Total Invested||Rs. 16,65,417|
|Current Value||Rs. 19,27,158|
|Passive Income in Sep’20||Rs.8,987|
|Time left||132 of 144|
New stuff that came up in Oct’20
Here is a summarized list of posts and podcasts that came out last month. Check them out
Articles on FIRE and Personal Finance
A couple of articles around saving money, offers and reducing Debt.
- To Overpay or Not to Overpay your Home Loan/Mortgage?
- A Marwadi’s example of how taking a Home Loan can be good
- Don’t forget to be humble on your way to getting rich -Money and Humility
- Are Your Side Hustles Paying You What You’re Worth?
Value of Portfolio
Extra Income earned
|Passive Income Earned||2020 – Total||Oct’20|
|Dividends & Interests||32,069||638|
Income and Expenses
This month I could not save much due to personal expenses. I had to get a new phone (I got a spanking brand new iPhone SE for Rs.23,500!). Plus there was a lot of shopping (all on Amazon via Cashkaro ofcourse!)
In addition, there were some ceremonies and religious events, plus I made some donations. In total, 0 savings for this month. And it was all worth it!
The income stated is from my full time job and my wife’s part time freelancer job. Her income varies month on month, hence the fluctuations.
I consider the money I pay towards my car loan as an investment, because I get it back with a decent return. Read the article in link to understand.
My focus is currently on increasing the % of Passive Income to overall Income. Plus reaching a savings rate of 80% gradually.
Stock Market Investments
I have not made any change to my stock portfolio in October.
My portfolio as of now is as below:
Symbol QTY Buy at Buy Price Current Price Current Value AshokLey 1,000 49 49,130 84 83,950 BANKBARODA 1,150 42 47,932 45 51,808 BEL 150 68 10,178 89 13,335 COALINDIA 200 134 26,780 115 22,950 IOC 300 83 24,921 78 23,385 ITC 400 191 76,272 170 67,880 LICHSGIN 50 259 12,950 295 14,765 MAGMA 1,304 20 25,480 40 51,638 Mothersumi 500 78 38,850 110 54,875 NATIONALUM 1,000 37 37,100 30 30,350 NTPC 270 89 23,895 85 22,977 OLECTRA 300 68 20,265 58 17,415 ONGC 500 77 38,335 66 33,225 RVNL 900 21 18,990 18 16,380 SGBMAY28-GB 22 4,540 99,880 4,856 1,06,827 TRIDENT 1,000 6 6,400 8 7,530 UJJIVANSFB 250 28 7,000 31 7,725 WELENT 300 49 14,835 76 22,650 YESBANK 3,472 15 50,900 12 42,567 CASH IN HAND 1 0 0 0 0 Total 6,30,092 6,92,231.56
I bought back into Bitcoins just before it’s rally. You may recall I sold it for a small profit a month back when BTC was around $10.5K. I got back in at around $11,800. Furthermore as the up move signals were clear, I liquidated by holdings with other crypto currencies and moved that to BTC.
Keep in mind that I only invest a small amount of money in crypto currencies. Apart from putting money in, I also have several sources of Passive Income streams that pay in bitcoins or other crypto-currencies such as TheSunExchange.
Crypto Total Invested Total Invested Overall 31,034
|Loan to Family Friend @ 15% pa||2,00,000||2,00,000|
|Loan to Friend||1,00,000||1,00,000|
|Loan Taken @ 7% pa||-1,00,000||-1,00,000|
|Liquid Fund (for Emergency) @7% pa||0||0|
|Cash (for Emergency) @4% pa||58,393||58,393|
|Fixed Deposit @5.5%||25,000||25,000|
P2P Lending Updates
Currency fluctuations continue to eat into my P2P profits. Moreover, I am starting to see some loans defaulting. The lending strategy needs to be tweaked a bit to include safer lower interest loans. Maybe in another 2 to 3 months.
P2P lending Total Invested Oct’20 Overall 98,431 1,05,730
Rewards and Cashbacks
Cashbacks, Rewards and Points – Redeemed
- Our expenses have been low due to the lockdown. We have not made any major purchases or planned for any holidays. Hence in the realm of cashbacks and rewards too is seeing little action
|Cashbacks & Points Redeemed||Total Invested||Oct’20|
|American Express Points||0||0|
|All other Credit Cards||0||1,050|
|Flipkart Supercoins & Vouchers||0||500|
|Other points programs||0||0|
|Amazon Pay Card+Cashbacks||0||1,333|
Cashbacks, Loyalty Points and rewards – Balance
- Diwali shopping for my family helped me earn a bit more reward points and cashbacks than usual.
- I bought an iPhone SE and netted a cashback of Rs.750 from Cashkaro just like that!
|Cashbacks & Points Balance||Total Invested||Oct’20|
|American Express Points||0||5,388|
|Flipkart Supercoins & Vouchers||0||2,705|
|Hotels & Stay points||0||2,593|
|Other points programs||0||200|