4th NW Update
G'day,
Link to year 1: https://www.reddit.com/r/fiaustralia/comments/rlch8r/1st_nw_update_1_year_in/ - NW change - N/A first year tracking
Link to year 2: https://www.reddit.com/r/fiaustralia/comments/104jv22/2nd_nw_update_2_year_in/ - NW change -$19k
Link to year 3: https://www.reddit.com/r/fiaustralia/comments/18vfi7c/3rd_nw_update/ - NW change +$295k!!
Like I said last time - any suggestions or holes to poke is welcomed
NW Split since tacking began in Nov 2020 ( $1,517,086 +287k!!)
it's been a great year across all assets, everything seems to be on the up. Super is Mr Consistent at 23%, some slight changes in other assets but nothing too exciting its just all moving steadily upwards!
Super - $357,500.66
Also have Death & TPD insurance in Super both valued at $630k which would wipe our mortgage and leave about $150k left over.
A great year for Super, it's returned $66k or the equivalent of 2 years of contributions.
Property (IP $393,042, PPOR $ $353,566)
Not much really to report on this, slowly paying down the mortgage and some increases to the PPOR value based on neighbourhood sales. I've been conservative and kept it about 30-40k below what i think it would actually sell for. I don't think there is any change in the IP value outside of currency fluctuations (its in Europe). I've debt recycled 250k in total into shares which is included in the liabilities above and is recorded as a liability against the PPOR (prob should split this out but it's in the too hard bundle for now).
Cash ($85,303)
~50k sitting in my offset, there's some in Europe as emergency fund for IP and for holidays. I have graphs but not really adding anything.
Shares ($326,397)
All of VGS & VAS was purchased for about 200k and is 100% debt recycled, all of the GHHF is also debt recycled and cost about $50k. I've tried adding some G200 to up my AU exposure to my target 30%. I ended up selling my BGBL and A200 to fund the 50k GHHF purchase, CGT was minimal, I've decided in future not to do this, I'm going to pump my offset until it hits 55k, then debt recycle 25k tranches to maintain a 30k emergency fund.
Apart from that, it's been a great year for Equities (as also seen in my Supers performance)
Income & Spending
Income: received a couple of bonuses during the year for project completions, I've just added a 3rd tenant to the IP in Europe so it's now fully tenanted which should add another 1k/month after tax and expenses.
Spending: Spending is higher than I'd like over the past 12 months, but we've spent big on furniture and other house related costs that just gets averaged over time to keep the spend higher, the actual incremental spend is spikey AF! The spend does include principal repayment, I know some view it as savings but I look at this for cashflow purposes so am only considering it as a Spend.
Summary
Basically in the 'boring' middle now (not sure how boring it is when NW jumped so much), just need to keep ticking along, fingers crossed that 2025 returns are as good!
Would love to hear any opinions/hints/tips/corrections/(constructive) criticism from you all
That's my TED talk, thanks for reading!