2022 – June update

Target FI number – £1,000,000 (≈$1,258,000)

Current Net wealth – £280,647 (≈$353,327)

Change:

+£8,112.9 total month to month change in net wealth. Pension, Salary and reduction in outstanding balances of loans.


Wealth allocation:



Updated net wealth graph:


Crypto crashes and dividend payments.

Stablecoins are a core part of the financial plumbing when it comes to cryptocurrency and digital assets. They promise that if you put a dollar in, you will always be able to get a dollar out. 

This month saw Terra, one of the largest stablecoins, lose its peg to the dollar and collapse. Investors are estimated to have lost over $40 billion in value one of the largest fall-outs in a market crash since 2008 financial crisis.

On a slightly more positive note – June 2022 I will also be reciving my first dividend payments for the 671 units of the Vanguard FTSE UK equity income fund (inc) that I hold as part of the stocks and shares ISA which will be (671*4.3375) £2,910.46 a nice bi-annual payment to start rolling in whilst avoiding exposure for the time being to heavy weighted US equities which I view as overpriced currently.

This also helps counter the impact of paying funds into my workplace pension for the short term as i try and work towards a 200k GBP pot in the next few years.

Distribution typeDistribution rate (per unit)Ex-dividend dateRecord datePayable date
Income Distribution£4.337503 May 202229 Apr 202230 Jun 2022
distribution detail


Best,

FIN.





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