Friday 22 May 2020

The Homestead Fund Update

Okay, so it is that time again, when I update how my progress is going on my “Grand Savings Plan!” (to build my "Homestead Fund") 

Okay, so let’s see how I did . . . 

For review, here is how things looked from last payday . . .

That is 36.3% (of my Savings Target).

And this is how things look like, after the dust settled on this payday’s budget . . . 

That’s right things jumped up to 37.2% of my savings target. 

That means I put away 0.9% of my total Savings Target this payday.

It has been a bit of a bumpy ride with regards to my investments, as they have dropped then come up. 

Since there are two different types of investments, they tend to go in different directions. Such is the case with what happened this previous payperiod.

One of my investments dropped so much that it wiped out the value of what I usually put into my Long-Term Savings Account.

It has crawled back up to losing only a modest portion of what I usually put into my Long-Term Savings Account.

The other type of investment went up a bit, and was able to compensate for the unrealized loss of the previously mentioned investment and then some.

Not much but enough to make me look good this payperiod (as in putting in close to a whole percentage point of my target.

The whole nature of investing is risky and is a bit of a gamble but in the long run it tends to pay off, but there is no guarantee.

My investments are still in an area where they are good to buy, so I will happily put more money into them on the belief that they will rise in the future.

So ends theory, I will let you know how it works out in practice.

As always: Keep your head up, your attitude positive, and keep moving forward!

No comments:

Post a Comment