2022 – July update

Target FI number – £1,000,000 (≈$1,206,905)

Current Net wealth – £292,113 (≈$352,552)

Change:

+£11,465.13 total month to month change in net wealth. Pension, Salary and reduction in outstanding balances of loans. STUDENT LOAN IS THE ONLY DEBT OUTSTANDING OTHER THAN MORTGAGE!!!!


Wealth allocation:



Updated net wealth graph:


S&P continues downward spiral.

Year to date the S&P is over 20% down – I will continue to invest long term via pension and in the ISA in the meantime will continue to build a stake into UK dividend paying companies via the Vanguard FTSE UK equity income fund (inc) which covers a range of top paying dividend companies out of the top FTSE 350 members in the UK.

When in doubt stay the course – check out this great talk at Google by JR Collins. Highly reccomend this especially when markets are acting up and considering investing in stormy conditions like now in 2022.


Best,

FIN.





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