Monthly Net Worth Report #5 – October

Hello and welcome to another monthly net worth update!

October was pretty nasty, wasn’t it? Markets had one of their worst months for some time and we seemed to have skipped autumn and gone straight to winter in the UK. Despite the storm clouds gathering from an investment perspective, I hope you all managed to have a productive month.

Net Worth Report

What Happened In October?

I had one main goal for October:

  • Create more content – I needed to get all the posts sitting in ‘draft’ mode out the door! 

Content Machine

October felt like a minor breakthrough with regards to producing more content and generally making some strides with the blog overall. Over the month, I managed to produce the following posts

Looking back over this list, I am pleasantly surprised I managed to get so much done this month. I’m still highly inefficient at the process, but certainly making some gains month-to-month.

I still have a few more posts near completion which will no doubt make it out the door during November. Outside of the standard monthly updates, these will include posts on how to calculate your money-weighted rates of return in a spreadsheet; examing mortgage overpayment options and creating a recommended resources section on the site to list all the great things I love, use, read or consume and would personally recommend.

Looks like another busy month ahead 😉

Net Worth Snapshot

Right, let’s take a look at some numbers for October. Below I break down my current financial assets as at the end of the month and compare these to last month totals:

Pusue FIRE Net Worth Snapshot

As you can see, for the second month running total net worth took a hit to the tune of -2.2% and dropped to £529,690 (a decrease of £12,025). Excluding property, this translates into a -4.3% drop to £291,469 (a decrease of £13,098). This was driven by the sharp reversal on the stock market, which impacted the value of my pension and investment accounts. 

Nearly every penny I have exposed to the markets, by way of pension and ISAs, is invested in Vanguard LifeStrategy Funds. The two I most heavily invested in are the LifeStrategy 80% Equity Fund Accumulation and the LifeStrategy 100% Equity Fund. Both funds had one of their worst monthly returns since launching back in 2011. Not that this really matters in the long-run and it means my monthly subscriptions will be picking up a few additional units this month 🙂

Elsewhere, cash and equivalents was a slight positive, boosted by the decent continued good run in profits from Each Way Betting; unsecured debt edged a little lower as another payment is ticked off, and property prices have certainly flatlined so nothing significant to report there.

So how does this impact the year-to-date picture? Well, my total net worth remains 11.1% higher than at the start of the year (+£53,082) and, excluding property, that’s an overall increase of 13.4% (+£35,515). 

Focus Areas For The Coming Month

In the coming month, I have a few focus things going on:

  1. Now that I have a good initial amount of content on the site, I can see how the whole thing is starting to hang together and where it needs to be much better. I see many little fixes needed (sorry!), from rescaling my images properly to tweaking layout and design. So a bit of Pursue FIRE housekeeping will be in order
  2. With Christmas fast approaching, and a few irregular payments due (including house insurance and annual train season ticket) money management will be key this month
  3. You’d think with three children, a full-time job, long commutes and building Pursue FIRE that I’d have enough to keep me busy, but I have also been accepted onto a year-long distance learning Executive MBA programme! I’ll weigh up whether this is something I really need to do or not. I have received a significant financial reward towards it so its less a cost issue more a time management issue!
  4. Possible Podcast – I’ve dabbled with a great podcast creation in the past, and I think its something I may introduce to compliment the site at some point.

As always, thanks for taking the time to read 😉

Until next time!

Dan

Do you have any comments, questions or tips for me? Please let me know by leaving a comment below

This Post Has 4 Comments

  1. Really enjoying your blog, thank you and keep the updates coming.

    1. Thanks DB – I appreciate you taking the time to read and comment

  2. Sounds like you’ve got a lot going on! I know what you mean regarding blog housekeeping. I need to get around to that on my own blog, but I’d much rather work on writing something, so I keep putting it off.

    Congrats on the MBA program. I imagine it will be a tough time trying to fit it in to your schedule, but it will be worth it at the end! I’ve always wanted to do an MBA. It’s not at all necessary for my current career, but it just seems like a useful qualification to have that opens lots of doors.

    A podcast sounds like a great idea! I don’t know how you’ll find the time though, haha. Still, I’m only aware of one other UK FIRE podcast, so there’s definitely room for more.

    Your blog is looking great so far. Definitely inspiring me to make some improvements to my own!

    1. Thanks Dr FIRE – like you, I’d rather the balance of effort was on writing than fiddling with theme settings all the time but I’m sure that will correct itself in time. I find the smallest perceived jobs (like images for a post) become a multi-hour tweaking session lol.

      Also, like you, I don’t require an MBA for career development purposes per se but see the value in doing one for the all-round learning and networking opportunities it may bring. I get restless if I’m not learning something new so we will wait and see what comes of it.

      As for FIRE specific podcasts, you are right I can’t think of many although there are plenty of good UK personal finance ones in general that I enjoy listening too (including; Money To Masses, Meaningful Money, Maven Money)…. mmm they all seem to start with ‘M’ – maybe that’s the trick 😉

      Hope all is well and thanks for the positive comments.

      Dan

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Hello and welcome to Pursue FIRE. My name is Dan and I am the owner and author of all content on this site. I am passionate about personal finance and look forward to engaging with you.
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‘Moneyland’ examines how corrupt politicians and oligarchs move vast sums through shell companies in offshore tax havens before spending it in the world’s playgrounds for the mega-wealthy. This book is highly compelling.

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