Chapter 14 - "Portfolio Update - Strewth, put Petrol in a Diesel Vehicle" $120,121 (+$1896) - The Incompetent Investor

Thursday, May 16, 2019

Chapter 14 - "Portfolio Update - Strewth, put Petrol in a Diesel Vehicle" $120,121 (+$1896)

Strewth, it is that time of the month again. The year is going pretty bloody 
fast ay. The New Financial Year is fast approaching!


Work & Life Update – Skip this section if you want the straight up numbers update.
I have had an interesting month. I recently filled up the diesel work vehicle with petrol. My only defence was I have the exact same (Nissan X-Trail) vehicle as the work vehicle (including the grade and colour). My mind was in autopilot that morning, and I made a major stuff up. 

Once I acknowledged the error, I sat in the car and pondered life, during peak hour fuel stops (8:30AM), with a rough looking fella with a beard to his knees parked behind me. In the end, I told the fella that he is going to have to get around me somehow. The fella grunted as if I had ruined his week, given the inconvenience caused on a Monday morning.  I did a quick google to discover I should avoid driving the vehicle at all costs. I ended up putting the vehicle in neutral and attempted to push the car out of the way (as directed by staff at the service station). 

I struggled to push it up a slight incline. Most people watched on as I struggled ha ha. It was a Monday morning, so I do not blame them for not wanting to help. Who could be effed?

I called my boss, and explained the situation, and to my surprise, my boss was quite understanding. Thank goodness, although, it was an embarrassing mistake.

I was in the clear, and yet, 2 weeks later, I took the vehicle through the car wash, and forgot to remove the work magnets. The magnets are currently missing in action. I felt terrible.

On a positive note, my wife and son return to Darwin tomorrow morning at 5AM from their trip in India. I sent my wife over with $1000 spending money. I was a bit worried that it may not go very far, however, the wife was able to spend it on gifts, food, get her teeth repaired and more. It got me thinking, what if we could FIRE in India 3-6 months of the year when that day comes.

Being born and bred in Australia, I believe we live in the best country in the world. However, the cost of living is high depending on where you would like to settle. Therefore, spending some time abroad in a country where healthcare, accommodation and food is affordable relative to Australian dollars; might be a viable option to enjoy a good quality of life. It is just a thought, and something I need not worry about for some years given we are not in a position to FIRE just yet!

Work is fairly tense. I am learning that jobs that depend on collaboration can sometimes hit brick walls if you get no responses via email and so on. In addition, many providers in the human services sector are under resourced and simply do not have enough hours in the day to meet all their demands. Naturally, as a competitive person, I want to succeed in my role, so it can be tough.  It is a fine art balancing how much you follow somebody up; at the risk of being shut out completely (which is particularly relevant in remote areas).

I just keep reminding myself to be grateful that I have a job, and that many people do not have that opportunity. Furthermore, I try to live by the motto ‘just keep showing up every day’.

Shares
Portfolio Value as of 16/5/2019: $75,156 ($-894)
I expect to receive a dividend from ANZ for $435.43 on the 1st of July 2019.
I have made no additional share purchases this month.

Debt
Nissan X-Trail: $6000 (-$2000) – Interest Rate 12% Projected Completion August 2019
Father Phil: $700 (-$100) – Interest Rate 0% Projected Completion December 2019
A payment of $2000 was paid into the vehicle. This amount will likely increase when the wife resumes work (which I suspect will be very shortly).
A further $100 was sent to Father Phil.

Net Worth Update
Total: $120,121 (+$1896)
Break Down
Shares: $75,156 (-$894)
Super: $51,665 (+$665)
Emergency: $0
Debt: -$6,700 (-$2100)
The boost here was due to wiping out the loan vehicle a further $2000.
The Shares have been hit in recent weeks, which wiped out about -$894 from the share portfolio.
In any case, it is nice to see some movement to the upside, even if it is mostly attributed to superannuation and debt reduction.
Note: In case you are unaware, I am including super in my net worth updates moving forward after receiving this feedback from the community.

Summary
That is about it really. Glad we had some upward momentum in terms of the numbers, and the debt continues to reduce quite significantly. We have managed to pay down 40% of the loan.
Hope you are all doing well!
I continue to fight demons around immediate gratification (gaming computer). The theory behind immediate gratification is problematic, and I can truly see how it can suck people in so easily! In hindsight, After Pay & Zip Pay were great bets for those who got on that train early.
Until next-time FAM!
Cheers
The Incompetent Investor  

Disclaimer: I have an extremely poor track record with picking individual shares. I also do not have the ability to digest complex financial reports to make informed decisions around buying into individual shares. Also, the information on this website is general information and should not be taken as financial advise. I am simply documenting my journey and experience. I am also not a licensed Financial Adviser. You should also seek independent legal, financial, taxation and other advise that relates to your unique circumstances. The Incompetent Investor is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website. 

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