Monthly Finance Update #18 - Thriving Willow

October Update, 2020.

71% savings rate.
New investment strategy = 1 Globale Index

Income after tax: 14.870 dkk 2.000 €

Invested amount: 10.624 dkk 1.425 €

Savings rate: 71 %

Total invested in Indexes: 107.157 dkk 13.370 €

Portfolio change since last month: -2,23%

What has happened this month?

I started a company! Working on the blog and other online jobs it came to the point where it only made sense to make a company. And will hopefully make it possible to progress the online projects faster because of it.

Interesting developement which I find very exciting to explore.

This will mean that a rather large junk of income will be considered as the ‘new company’s’ income and won’t be counted as my normal personal monthly income.
Therefore this amount will not be investable in the traditional index investment strategy. This income will instead be invested in the company in several different ways to help grow the company.

A lot to learn! We’ll see how it goes.

Investments

Big change regarding which global indexes I’m investing in this month!

Instead of 3 passive global index funds to give a good world wide spread all together, a new posibility has arised.

I’ve chosen to invest in only 1 index = “Sparindex Globale shares – Etik KL (Ethics) (SPVIGAETIKKL)” which follows MSCI ACWI ( All Country World Index) and ethichaly screens all the different positions in the index based on ESG criterias. Meaning the index sorts the most ‘negative’ impacting companies away and chooses only to invest in the rest.

This is something I’ve spent this month to decide whether it was important enough to change the whole investment strategy. And my conclusion is yes!

Whether it will make a different on on return 10/20 years down the line, we’ll have to see. It could go both ways positive/negative. But the index gives a good global spread and it’s feel better not supporting the worst contributing companies in the world, which is rather nice.

Small dip in the stock market this month. No biggie! We’ll see what the American elections do to the indexes in next months update.

And hey! 71% saving rate. Us FIRE enthusiasts must be little wierd as we get pumped by numbers like this right? 😀

Hope you like-minded people are out there!

Tiny House Update

Autumn has hit us and the Tiny house. Wet, cold and muddy boots can be felt when living on fewer m2. This boosted the motivation for building the outside, transportable entrance so jackets, boots plus more can be left outside before stepping into the house.

Easy project to build with the tiny house experience behind us. Huuray !

Next goal is getting rain water system up and running plus installing our new fireplace. Look forward to seeing which fire place we’ve ended up, trust me ! It’s a stunner.