Monday, November 03, 2014

Retirement - first anniversary

The first anniversary of my retirement (30 September, 2013) came and went without registering so this is a month late.

From a financial perspective, things have gone well. It would have been nice to start with a raging bull market and watch my equity portfolio appreciate by 20% but at least it was not a full on bear market. After all the ups and downs, during the first year of retirement, net worth increased by 4.9% after paying our living expenses during that  period. In effect, I have paid the bills and beaten inflation.

 On a cash flow basis, I have more or less broken even - a calculation which includes the principal component on our home mortgage and does not take into account either my or Mrs Traineeinvestor's part time incomes (trivial in my case). However, we took one less holiday than normal during this period and had the special dividend from Hutchison (HK:13) and, if those are taken into account, the cash flow situation is not quite so good once the two part time jobs come to an end. We will probably find that dividends and net rents do not quite meet all outgoings but that situation will reverse when the home mortgage is paid off in about six and a half years from now.

The home rennovation project has been delayed yet again. We will do it as and when the tenant moves out of one of our investment properties (rather than go to a serviced apartment for 3-4 months). An accrual has been made for most of the expense.

In terms of other issues:

1. the part time study is going very well - I am on track to finish in mid-2015 and will need to line up my next project after that;

2. progress on the novel has not been as good as I would like but is not terrible either - instead of finishing a rough first draft by the end of this year I am looking at early 2015;

3. I had some minor sporting injuries (plantar fasciitis) which have taken a long time to clear up with consequent adverse impact on fitness and weight - this has been the only serious disappointment in my retirement so far;

4. volunteer activities have gone as planned - fostering kittens for the SPCA, serving on some Law Society committees and two other positions;

5. I have spent a lot more time with my children.

All in all, retirement is off to a good start.

Friday, October 31, 2014

Financial Review - October, 2014

October was a good month for my investments.

Net worth recovered.  With equities were up across the board and FX movements were mildly favourable. Commodities continued lower and expenses were high.

Here are the details:

1. my Hong Kong equity portfolio appreciated in line with the local market. There were no transactions this month;

2. my AU/NZ equities appreciated. There were no purchases this month;

3.my equity ETFs were higher (India, Vietnam, Hong Kong and China) in line with the local markets. There were no new purchases;

4. my commodities fell. Silver is my only position;

5. the properties are at full occupancy and all tenants are paying on time. There were no repairs this month;

6. currency movements were slightly positive with gains in the NZD and the AUD;

7. my position in bonds remains small;

8. expenses were high;

9.there were no transfers to Mrs Traineeinvestor this month.

My cash position fell slightly. I currently hold 44.8 months of expenses in HKD cash or equivalents.

For October, my net worth increased by 1.75%. The year to date increase is 5.09%.

Monday, October 06, 2014

Financial Review - September, 2014

September was a terrible month for my investments.

Net worth dipped significantly.  With equities and commodities were down and FX movements were dramatically unfavourable. Expenses were low.

Here are the details:

1. my Hong Kong equity portfolio fell significantly in line with the local market. There were no transactions this month;

2. my AU/NZ equities fell. There were no purchases this month;

3.my equity ETFs were lower (India, Vietnam, Hong Kong and China) in line with the local markets. There were no new purchases;

4. my commodities fell. SIlver is my only position;

5. the properties are at full occupancy and all tenants are paying on time. There were no repairs this month;

6. currency movements were dramatically adverse with a large falls in the NZD and the AUD;

7. my position in bonds remains small;

8. expenses were low;

9.there were no transfers to Mrs Traineeinvestor this month.

My cash position fell slightly. I currently hold 45.2 months of expenses in HKD cash or equivalents.

For September, my net worth fell by 2.83%. The year to date increase is 3.28%.

Note: cut off for the September report was 3rd October due to travelling.