Chapter 20 - "Our 2019 Summary" $172,207 (+$348) - The Incompetent Investor

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Monday, December 23, 2019

Chapter 20 - "Our 2019 Summary" $172,207 (+$348)

Our 2019 Summary


Firstly, for those that have been following our story I appreciate your messages, emails and comments on Reddit. As I have indicated many times, I do not blog to derive an income, but rather, I do it for as a bit of a hobby and personal dairy that my kids may be able to refer to when they become of age.  



I wrote my first blog post in August of 2018. Since then, I have managed to accumulate up to 20 posts. I thought it be useful to note down our progress for the 2019 year as well as some goals for 
2020.

2019 Family Snapshot 

Shares: $85,000 
Savings: $1,000 
Superannuation: $92,207 
Debt: $3000 

Total: $172,207 


Overall, an increase of approximately $93,980 over the year beginning from January 2019 (link to January blog post).This of course included finding some lost military super and including superannuation in the monthly updates. 

In respect to the share portfolio, in the last year, according to sharesight, the portfolio returned 19.64% or $14,867 (before inflation). It is most definitely the best year we have had since been involved in the stock market over the past decade (which consisted of mostly speculative gambling). 


2020 Family Goals
  • Build up a $10,000 family emergency fund (to support ourselves and family O/S in case of emergencies) 
  • $100,000 share portfolio. I've been told the first $100,000 is the hardest. Have a read of this article if it interests you here
  • Pay debt out to 0 
  • Partner obtaining some part time/full time employment (NT economy struggling hard at the moment in my opinion)
  • Attempt to build some alternative income streams (will update you all on this as it progresses)
  • Improve mental health and chronic pain in collaboration with psychiatrists and psychologists. 



Alright, that is us for the 2019 year. Hope you all achieved some of your goals and targets. It is important to remember that our health is the most important asset of all! In other words, live in the present too and enjoy life a little! 


Peace from our family to yours. Have a safe Christmas and sick New Year! 





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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