Have I reached a point where market returns tend to dominate over my own savings? Not in the long run, but certainly in months with wild volatility.
Overall this was a good result, but the lack of cash gains is a little concerning.
Year to date this lands me up $65,000 – despite around $20,000 in expenses related to buying a home & associated fees, and a stockmarket that ended the year more than 5% lower than it started.
This month, a large tax bill for 2017 finally came due for payment, along with a large credit card payment for some holiday expenses.
I had a lot of comments after posting about making $5,000 churning credit cards, that finding the best deals was simply too time consuming.
I’ve solved this problem by curating a list of the best deals and offers in market, and putting them in one place. Read the fine print before you apply, and consider whether the products are right for you (and whether you are eligible)
This month was a real lesson in stockmarket volatility, with the worst monthly run we have seen in a long time.
A very solid month. Selling frequent flyer points & partial repayment of a loan to a friend boosted my cash, which will pay dividends in reduced interest in future. Every $10,000 now saves me ~$400 a year, forever, which is why getting quick cash injections selling stuff on ebay, making a few quick bucks ubering, and cashing in those points is so important.
For those young enough and in the major cities, I believe this approach can dramatcally accelerate your progression towards early retirement – it has for me, and I hope it brings you some joy and challenge along the way.
Like most Australians, I don’t trust or like the big banks in this country.That’s why I’m sharing step by step the technique I used to extract over $5,000 of cash from those banks over the last 12 months.
What has been going really well is the international diversification of my share portfolio. As the AUD declines (where there is risk in the local market or better rates on offer elsewhere), the value of US & European holdings takes a big boost, which is what happened now.