July is nearly over and i still have not published the monthly update. What happened? Frankly in June I fell of the wagon a bit…
Spent one week in Japan for business, brother got married and I also had various visitors, including the in-laws for nearly three weeks. These activities were detrimental to staying disciplined and on track.
Portfolio update
In June my portfolio decreased by SGD 481 or -0.2% to SGD 305,360 (USD 222,860). Fresh investments of SGD 4,803 were offset by paper losses of SGD 5,284.
Investments vs. plan
I invested SGD 4,803 which was a lot less than planned (SGD 6,300). What happened?
Unfortunately, I had to buy several flight tickets, hotels and nice restaurant meals for the in-laws and could therefore not save enough. In July I will need to focus on some austerity measures to get back on track.
Luckily thanks to good performance earlier in the year I am still ahead of schedule by about SGD 3,600. Still I have to do better…
Dividends received
SGD 233. Small amount, but better than nothing!
Asset allocation
Outlook
Exciting days, I have decided to start my own company as a side project to my current job. It has been consuming my weekends and my evenings, but has been exciting so far. I cannot write more here, as I want to stay anonymous, but it is pretty exciting!
The only downside is that setting up the company costs a bit of money – my guess all in all about EUR 3,000 (SGD 4,800). This money might be lost if the company fails, but it is worth the education! Wish me luck 🙂
A side-business is very exciting! Mine costs roughly $6500/year to run, and has more than paid for itself in knowledge acquired. Thankfully, it is finally covering its expenses now. Best of luck!