Progress


Welcome to our Progress Page
Last Updated: 1st January 2021


This post is to help make sense of the numbers you see in the spreadsheet above. Long story short... green is good and red is not so good.

Our journey to Financial Independence started in January 2020. With all things going to plan (which we know they won’t) we are planning to be Financially Independent by no later then September 2028. This is based on a target portfolio of $1,000,000 returning $40,000 a year in dividends.

At some stage we will do a deeper dive into the overall target portfolio of $1,000,000 and find out if it is too much or not enough (we still have plans to work in some capacity after being Financially Independent). We will re-evaluate down the track, but for the clarity and mindset of having a target we have set it at $1,000,000

Target Investment : This is the amount we aim to invest each month. For the remainder of 2020 we will be investing a minimum of $5000 per month. From January 2021 until June 2021 (total of 6 months) we will increase the investment amount to $20,000 per month. Reason for this is we currently hold a large amount of cash and need to get this into the market, so dollar cost averaging is the path we are taking. From July 2021 until September 2028 we will invest $5,000 per month. Following this strategy we aim to achieve a portfolio of $1,000,000 returning $40,000 in dividends by September 2028 (based on historical share market returns).

Actual Investment (rounded) : This is the actual amount we invested during the month. Depending on funds available this may be more than the target investment amount, but hopefully never less.

Portfolio Start of Month : This is the amount of our portfolio at the start of the month.

Month Capital +/- : This is the amount of capital our portfolio made or lost for the month.

Month Dividends +/- : This is the amount of any dividends we received for the month.

Month Total +/- : This is the amount of any capital we made or lost for the month, plus any dividends we received for the month.

Portfolio End of Month : This is the amount of our portfolio at the end of the month.

Portfolio Target Amount : This is the amount our portfolio needs to be at the end of each month to reach $1,000,000 (Financial Independence) by September 2028.

Portfolio Target +/- : This is the difference between the amount of our current portfolio and how much we need (target portfolio) at the end of each month to reach $1,000,000 (Financial Independence) by September 2028.

% to FIRE : This is the percentage of our current portfolio to our overall target portfolio of $1,000,000

All portfolio tracking is provided by Sharesight 

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