Financial Freedom Update #5

June – 5 Months

5 months in and we are still kicking!  Markets are fluctuating, but we are holding strong and still earning some passive income.  This month we put some more money into our high interest savings, something that we can let sit and compound.  We also put a couple extra thousand into our investment account as well.  You’ve got to get it while it is on sale as they say.  When the markets dip is the best time to buy.

Without further ado, on to our account and performance update:

Betterment High Interest Savings and Investments:

Actual Investments to date: $29,010.39

Passive Income Earned to date: $71.90

Current Balance: $29,610.88

Performance to date: +$600.49

All of the losses from the original market drop at the beginning of the COVID epidemic have now recovered and we are seeing our accounts on the plus side for the first time. Very exciting!

Supplementary Retirement Accounts:

Thrift Savings Plan: $113,778.06 (+$2,558.00 from last month)

Vanguard 401K: $14.939.71 (+$375.92 from last month)

With the markets rising, so too are our supplementary retirement accounts.  The TSP is still being contributed to bi-weekly, but the 401K is just riding along at a steady investment amount, pluses and minuses solely based on market performance.

F.I.R.E. Account Balance

$158,328.65

This is an increase of $11,975.66 from last month ($8,000 physical investment, $3,975.66 account performance increase).

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Financial Freedom Update #4

May – 4 Months

We are now 4 months into our quest for financial freedom and our dream of an early retirement.  

This is a very turbulent time for investments in general with the global pandemic wreaking havoc on economies all across the world.  At the same time, the dramatic drop in all of the markets effectively puts stocks on sale and could prove to be the most opportune time to really start investing in a serious manner.

We have 2 accounts with Betterment.com and 2 external retirement accounts separate from my career supplied 401K.

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Betterment Account Performance:

Physical Investment to Date: $21,010.39

Passive Income Earned (Dividends and Interest): $67.33

Current Balance: $20, 569.14

Performance to Date: (-$441.25)

The initial market drop did some damage right off the bat, but the recovery is gaining momentum and I am optimistic that this will continue to trend upwards as lockdown restrictions are lightened.

Supplementary Retirement Account Balances:

Thrift Savings Plan: $111,220.06

Vanguard 401K: $14,563.79

F.I.R.E. Account Balance

$146,352.99*

*This is an increase of $9,116.24 from last month.

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Financial Freedom Update #3

April – 3 Months

It’s that time again, a new month calls for a new update.  

Our investment accounts have been rolling for 3 months now, let’s see how they are doing.

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Betterment High Interest Savings – Initial Deposit $5,000.00.  Last month’s total: $5,014.84. Interest Gained $4.10.  In order to capitalize on the Coronavirus induced market downturn I moved $4,000.00 from this account into my General Investment Account.

Total Amount Invested: $1,000.00

Total Interest Earned to Date (Passive Income): $18.94

Running Total: $1,018.94

Betterment Investment Account – Initial Deposit $10,000.00. Surplus March deposit $10.39.  Additional investment made to capitalize on the market downturn $8,000.00 ($4000 from income tax return & $4000 from Betterment Savings Account).

Total Amount Invested: $18,010.39

 Last month’s total: $9,105.87. March’s Betterment Performance -$1,021.48.

Total Dividends Earned to Date (Passive Income): $45.15

Running Total: $16,094.78

My personal retirement savings now totals:

$137,236.75

I will admit that investing more money into the market at this time is a little bit stressful. All over the news you are hearing about how the stocks are plunging due to the coronavirus outbreak, which has also detrimentally affected my Thrift Savings Retirement plan.  At the same time, when the markets are low it is time to invest, also with the stimulus plan passed the markets will no doubt rebound. Of course, with time, this crisis will pass, and when it does I look forward to reporting my fortuitous gains.

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I will be focusing our additional monthly savings due to our budgeting into restoring our Betterment Savings Account back to its full strength, unless of course another advantageous investment period rears its head once again.  

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