<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Category: Investing
 

Viewing the 'Investing' Category

Share market Shenanigans

August 30th, 2018 at 03:54 am

Before going away to Thailand I had about $5500 in shares in QBE and $750 in MXI (rough amounts) but something major happened in QBE so I decided to sell all the shares to be safe. Then after Thailand we bought the new camper trailer and cleared out most of the money.

I decided to make it fun I'd slowly rebuild the account so in May I bought 1000 PGC at $0.82 and see how they go at 12 weeks. They didn't go far and were not above the purchase price so I sold them at $0.80.

I'd been adding $100 per month in the 12 week period so was ready to buy something at $1.12 or up. Got 1000 shares in UPD at $1.16 and within 2 days of holding them they dropped dramatically down to $1.09. I checked the news and there was an announcement of a buyback and likely delisting due to private takeover. That seemed really risky so I sold at $1.09 as soon as I could. Lucky, as they dropped down to $1.02 and continues to drop.

At the same time I bought the next pick I had, PLG at $1.07. Hopefully there's a better result there (we'll see at the end of 12 weeks). Definitely looking forward to getting some higher value stocks a bit later on as they always seem to be a little less risky.

Share Purchase

August 30th, 2017 at 01:35 pm

After I received a dividend for my QBE shares in April, I slowly started saving for the purchase of the next parcel. Then I got to thinking in August about how lax we have been with saving lately and transferred 10% of my pay over to the investment account.

This meant I had enough to buy the next parcel, which I did last Friday, for a total of $554.95.

I originally wanted 1000 QBE shares but I originally started buying them in December 2015 for a cost of $12.54. Just last Friday the cost was $11.10. They have been up and down over the last year and a half but the price hasn't seemed to grow much, so I think I will leave these at 500 shares and look for something else to invest in next.

I'm not going to sell them because the dividend income is good (and also because I tend to hold onto shares rather than sell), but I think next will be maybe an ETF share or something. My brother-in-law has a lot of Vanguard shares and highly recommends them, so I might look at something like that - with more of an international focus.

And I've just realised that I can pretty much tick off savings towards shares off the sidebar because I have saved that amount!

That's about all my musings are for today, hope you are all well!

Quick Hello

June 7th, 2017 at 05:20 am

It's been 2 and a half weeks since I've blogged but it seems like forever ago.

I got through the majority of the statistics work and sat the exam. Because there was so much work and a few other things happened (my house of cards kind of fell down) I sat the exam without even studying the last two weeks of the course. When I say my house of cards kind of fell down, I had some personal stress plus lots of social things like public holidays and birthdays, so basically the last two weeks of the course I was either studying and catching up or attending social things. Although I barely studied the last two weeks of the course, I do feel like I kind of did ok. I had a score of 85% before the exam; the exam is worth 60% and I was able to do 75% of it ok. The other 25% unfortunately I left, so we will see what the end result is.

Unfortunately I missed the payment by the enrolment date for the next subject and I logged in on Monday thinking I could catch up but the subject wasn't even there. The payment was actually due the 24th of May and for some reason I thought it was later. I don't know what I am going to do yet because to be honest it was a bit of a relief to have a break. I got severely burnt out and the last few weeks, it got to the point where I just didn't feel like myself anymore. While I'm grateful for the opportunity to better myself I felt like everything was falling apart and I was missing out on all the stuff I loved because all my spare time was spent studying.

The day after the exam I got a cold so had to have the next day off work and was sick for a few days. This was all last week. This week I finally feel like I am getting back to my normal self. I have been sleeping better and am starting to learn to relax again, and am looking forward to going to the gym tomorrow night.

***

Tracking spending fell out the window a few weeks ago and I'm not sure when I will be back doing it. Because I was so busy though spending has dropped way down so there is no concerns there.

I checked the mail (which hadn't been done for 3 weeks) and paid some bills tonight, so that is all in order. We turned our spa off 2 months ago so the electricity bill is $130 lower than last year, which is great. (Not sure how much the spa will cost to fix but anyway!)

Because we average out our bills and put aside the same amount each month after we paid the car insurances in March and pretty much cleared out the bills account, I have started working out just how much surplus we should have from each month (the surplus being the monthly amount of $4041 less whatever the actual monthly bills are). This month the bills were actually $3969.67 so the surplus is $71.94. This surplus plus the surplus from the previous months is now $654.73, which we have to add to future bills.

I checked our shares tonight as 30 June is our year end so was wondering what our profit for this year would be. Last year's return was -7.90% and this year's return at this current date is 15.32%. I calculate return by increase/decrease in value plus investment earnings. So for two years we are looking at a rate of return of 7.42%, which is 3.71% each year. That's not too bad considering what you would earn in interest instead.

***

I loved FrugalTexan's idea of the SHE (sidetracked home executive) system and have started implementing the basic weekly plan. Monday night I did the shopping and tonight I paid the bills and attended to some paperwork. I will aim to do some cleaning tomorrow night and then some on Saturday.

I'm not completely sure about the card system though. I actually have a housework ideas app which I think would work fine, I just need to stick to the routine outlined.

I think that's all for now, must be off to bed!

March Spending Will Be Closed Off Soon

March 31st, 2017 at 10:30 pm

As I mentioned a few days ago, for the first time in a long time our spending app and bank balance were both pretty close to each other.

We ended up finishing March with $399 left over. The only thing is because a lot of our transactions are credit card / EFTPOS transactions they don't show up immediately, especially over the weekend. I find that it takes about 3 days to see the transactions.

So I'm thinking of definitely closing off March by Tuesday the 4th.

There are a couple of things I want to do with the left over money once I know what it actually is. Firstly, put $59 towards month 3 of the $1000 Christmas savings challenge in order to complete it.

The balance will go to savings. It is the lowest it has been since tracking our joint since when B started his job in March last year, at 2.5% of our income. With about $340 (if that is what it ends up being) it would be around 5%-6% which is a bit better. Will post actual balances in a few days.

On another note, I have now updated the sidebar to reflect that we have completed another one of our goals, to pay off B's tax. (Ok it was more of a necessary goal than something we wanted to do, but still it felt good to complete something)

I then checked our balances in savings and shares; we are now standing at $10,366.25 in total!!! Part of it is due to the market being on a high (the shares have gone up by $842 which is a pretty substantial increase) so am not really sure if the balance will stay that way but it is nice at the moment.

The EF is actually part savings, part mortgage repayment as it is all sitting in the mortgage offset. In the end though if the money is needed then it is needed and will get used. I am just very strict about the actual definition of what constitutes an emergency so hopefully it won't get used.

11 Things For 11 Days

March 10th, 2017 at 10:10 pm

It's been a little while since I've posted so rather than write about whatever the latest thing is, I'm going to write about 11 things (hopefully mostly financial) that have been going on in the last 11 days:

1. On Tuesday our dishwasher seal broke Frown. Luckily I was standing near it and it had only run for 3 minutes so there was no water damage. B had a look at it and found the manufacturers website so we bought a double pack of seals (just in case the other seal goes, so that we don't have to re-order) for $52.73 which they say will be delivered to us next Wednesday. We are both so sick of washing dishes by hand but thankfully have got ourselves into a more regular routine so it's a bit less painful.

2. I finally got around to checking my superannuation account (retirement account) and the balance is $92,008. Going by ceejay's years x income, by the time I turn 40 next year I need to have 2 x times my income so $108,000. I realized that combined with the taxable investments I hold outside of superannuation and earnings that hopefully the account will receive it should be a possibility. The earnings last year were a paltry 2.44% however over 5 years in total they were 38.75% which equates to 7.75% per year which beats the standard 5%. I am happy with 7.75%.

3. B got a letter from a superannuation account which was an employer one from a job he had 9-10 years ago stating that if he didn't give his instructions on what to do with the account they would be turning it over to the Australian Taxation Office so they could hold it in the unclaimed moneys department. We had a financial planner roll all of our employer superannuation accounts into one years ago however he missed this one, the current account balance is $4,187.50. The letter was dated 1st February and gave us until 22nd February however I don't think they sent it for a while because we saw the letter on the 28th so the money has now gone to the Tax Office. There will now be a lengthy process to get it and roll it over as B will need to apply in writing and we will need to wait a while most likely to receive it. How annoying.

4. We have decided not to go on the Phuket holiday. This is due to our friends not being interested in going anymore and also B not really being interested. I wouldn't mind going but I'm not too bothered that we aren't doing it anymore as I had a big trip overseas last year and generally like to go overseas every 2-3 years, otherwise it can be a bit expensive going on annual overseas trips. We are now looking at doing a camping holiday in the next state at a beachy sort of area instead, which I am looking forward to. I'm not sure of when we will go though, it would be sometime between July and September and would be dependent on B's work (my work is a bit more flexible at that time of year).

5. This month we pay B's tax of $2,780. All funds have now been saved and the money will be transferred over soon.

6. Our car insurances also get debited out of our account around the 19th of March; mine is $969.40 for a 14 year old car; B's is $1,121.16 for a 6 year old car. We have enough money in the account and because I averaged out the bills amount back in October we did not have to pay for any of it out of pocket which is great! Last year we had to find $461.40 to cover the remaining portion. All I need to do is work out which bank account B's car insurance comes out of, don't remember.

7. We made month number 2 of the Christmas savings challenge, so we now have $135 saved up. This month we are supposed to save up $95. We currently have $2 saved up so need to start working towards it.

8. I bought a replacement suit for work a couple of weeks ago for $132, which was an $87 reduction in price. This suit should last a long time so was happy to pay it.

9. B is on a health kick and has rejoined boxing classes. He went regularly just before we got married but then it died off after the wedding so it's been a few years since he's been. To test the waters instead of signing up for a membership we bought a 10 class pack for $130. So far he has done 2 classes this week and has lost 2 kilos so is pretty happy. If he decides after using up the class pack that he wants to rejoin, it is $19.95 per week (same as my membership).

10. Last week we had my family over for lunch and it was a warm day so we cooked up chicken with roast potatoes and salad, then my sister and I both did a dessert each. It was a lovely meal and for 7 people we spent a whole $37.86 Smile. You could spend that on 2 people going out for lunch so I was pretty happy.

11. It is week 2 of my study unit and I am coping ok with the workload. They say you need to allocate 10hours per week however this subject's tutor has said we should allocate 15(!?!) which I really hope is not the truth because I don't know how on earth I would fit that amount of time in. I really want to be diligent with doing 10hours from the very start to avoid having to do 20hours around exam and assignment time, but this week I am finding that I have put in 7.5hours and don't really have 2.5 more hours of work to do.... I will probably finish the online quiz I have to do and do some revision.

I struggled to think of the 11th thing but I'm glad to have jotted down some bits and pieces. Off to check the blogs!

Possible Takeover For My Largest Shareholding

February 3rd, 2017 at 01:17 am

I don't really check what price the shares I have are that often - maybe a couple of times a week to ensure that they haven't massively dipped or also to see if there has been a big rise in price.

Anyway this morning I checked and they had risen a fair bit since the start of January but on the 31st there was a media release that a larger global insurance company had made an informal takeover offer. Who knows what will happen because apparently it is a rumour so far and nobody is verifying anything. However it was a media release on the stock exchange so there must be some truth to it.

These days I am more of a hold for as long as possible person so this was a bit of a shock and my initial reaction was now what? There are two reasons why I am like this: 1) at work we prepare financial reports for clients' retirement accounts and the shares that have the highest gains and income received the clients have had for many, many years and 2) it's so easy to lose money so if you find something good you should stick to it. Who knows I might change my way of thinking, but this is currently the way I think.

Apparently the offer is $15 per share which is above the current price and above the price I bought for. I wouldn't say there is a huge profit and then tax has to be paid on that also.. total outlay was $5194 and if the takeover goes ahead the sales proceeds would be $6000.

I will be watching in the next few weeks to see what happens and if I have to pick out another share to buy.. In the back of my mind I was thinking next time I want to get something more global.

In other news keeping up with this blog is so hard with my limited ipad internet access! I have 17 more days to go until the end of the billing month and my monthly data is restored. Normally during the week I would read quite a few blogs on the train but now I have to wait until I get home and quite often don't have a lot of spare time in the evenings, in between spending time with B and doing various housework items.

Spending today has been:
- descaling kit and 2 sets of coffee pods (occasional treat) $32.20
- sushi for lunch $5.60
- iTunes card $25.50 ($30 card with 15% off)
- half rockmelon, spinach & ricotta pastizzis $7
- wine $7

Yesterday I got another snowflakes to add to my yearly other sources of income spreadsheet, Priceline rewards to the value of $5.58. So far the spreadsheet total is at $48.75.

Hope you all have a lovely weekend!

New Tyres Became A New Mattress

January 5th, 2017 at 08:34 pm

Hoping everybody had a lovely New Year's. We went away for a few days in our camper trailer, which was lovely but B's back got really sore from sleeping on the rock hard mattress. We put a foam layer on top of it to soften it but that has only lasted so long.

B thought my car needed a new set of tyres however after looking twice decided it was fine. We then decided to use the money allocated towards tyres towards a new mattress for our bed. We will then put one of our other mattresses into the camper trailer and get rid of the really hard mattress. We haven't bought a mattress in 15 years, so I didn't have any objections to buying a new one.

The maximum we had to spend was $1000 and the mattress came in at exactly that. I have just done our monthly budget (normally I do this between the 25th-3rd depending on how expensive I anticipate the month to be) and have found that we can afford this, we just need to not overspend our weekly allocated spending money; as in be super-diligent with this.

Looking forward to seeing what the new mattress feels like to sleep on!

My other financial transaction of note was that I have transferred all but the $110 allocated savings towards shares ($3018.59) into our bank account, which will be then transferred into our mortgage redraw account (which is also a mortgage offset account).

If the maximum interest paid pa is 3% but we are being charged 5.29% pa on our mortgage it seems to be more useful to reduce the interest payable on the home loan. (If anybody has anything to add here, I'm interested in hearing because I could be wrong).

As far as I knew we could have up to $15,000 in redraw. After we transfer the $3018 in there, there should be $5,065 so it would be quite a while before we hit $15,000. Eventually I will have to enquire with the bank as to how much is the maximum you can have here.

Must tidy up our room a bit before we get this new mattress put in tomorrow!

2016 Savings Balances / 2017 Plans

December 28th, 2016 at 12:05 pm

I don't know what I will be doing over the New Year, it is all changing but generally around this time I find it hard to blog and update so I've had a look at the savings account and the final balances are as follows:

Cash (Mini EF): $2,233.21
Study unit (from Xmas bonus): $500.00
Holiday fund: $485.00
Shares (Maxi EF): $5,586.00

Total: $8,804.21

Yesterday I bought another 100 QBE shares for $12.48 per share. These shares are doing really well at the moment. Therefore the mini EF is slightly smaller than usual.

I've decided that I'm going to do a savings challenge on a smaller scale this year and simply budget our savings.

The challenge I am planning on doing is a 12 month Christmas savings challenge. SA had a 12-week $1000 challenge, so I have used the same amounts but modified it into a monthly plan. The January deposit required of $60 already has around $18.50 in the account, which is great.

In 2017 we are going to be doing a few much-needed things to our house as well as taking a holiday, so there will be less going to savings than in previous years. I feel like we have had two good years to repay debt and build up savings so this is kind of a year off from that.

I have cancelled the weekly EF savings debit and have created a yearly planner showing which month each goal will be accomplished, savings will be transferred accordingly.

Our plan for 2017 savings is:

- B's tax $1390 (due March)
- B's credit card repayment $2160
- Phuket balance of deposit $815 (due around April)
- Phuket spending money $2000
- New security doors for house $1000
- Garden updates to front and back $1500 (due by September, our spring time)
- New tyres for my car $600 (due asap - could be up to $1000, we will save the balance)
- Savings - shares $1265
- Savings - cash $1270

Based on these items, the percentages for the categories is as follows:
- Tax/debt repayment 30%
- Travel 23%
- House spending 21%
- Car spending 5%
- Savings 21%

B's credit card won't be repaid by the end of the year, but the balance will be much lower. With regards to travel, it is probably going to be our last overseas holiday for a couple of years (unless we do something for my 40th). I had a category for a new car fund but have been finding it too hard to do this as well as repay debt so may simply when B's loan is paid off in 1.5 years use the amount we were paying for that loan to save for a new car.

If I don't get around to checking in, hope you all have a wonderful new year!

Snowflakes 01/09/16; End of August

September 1st, 2016 at 01:26 pm

Challenge starting balance: $6,642.80
Plus:
- weekly EF savings $35.69
- football winnings $58.00
- plumber visit -$160.00
- addition to mortgage principal $259.25
Challenge closing balance: $6,835.74

The above transactions took place; weekly EF savings got deposited, I transferred over my team's big win (yay!), withdrew money for the plumber visit and added $259.25 to the mortgage being for June interest $559.25 less $300.

My team is now out of the finals so September is purely making up for the first six wins (if possible).

I also checked the EF balance on the 1st and have updated the sidebar. The mini EF is looking a little small because it is $2771.16 less $1445.94, less $192.00 (however on the upside thanks to the big win we are now below owing $200). Must get the tax return lodged and the $1073 back!

The maxi EF (the shares) dropped about $100. The MXI shares which I bought at $0.585 spent a couple of months well below what I bought them for- around $0.45, which I was not thrilled about. On 31st August though they raised up to $0.61 which is a bit of a relief.

The QBE shares which are the bigger portion (think $3200 compared to MXI $600) instead have dropped down! They are currently around $9.97- the average price I have bought them for is $10.70.

The main thing is, even if there is not a profit at the moment, there is no big loss.

***

September is a huge bills month - we are looking at around $1500 in bills which will stretch us. We could pay them but cannot also save our usual 10%, which doesn't thrill me.

I'm thinking I'd rather we pay half this month, half next month as we have no bills really in October. Then in November we start paying the monthly averaged amount of $4011. Much less stressful that way.

July EOM EF Balance; New Coffee Machine

July 31st, 2016 at 01:25 am

Challenge starting balance: $5,737.37
Plus:
- weekly EF savings $35.69
Challenge closing balance: $5,773.06

As always, on Friday the weekly EF savings got transferred to the EF account.

I've just checked the balance for the end of July and it is as follows:

Mini EF: $2,743.35
Maxi EF: $3,784.50
Holiday Fund: $-445.00

All in all, $6,527.85. The Maxi EF, the shares portion of the savings gained $200 from last month. The Maxitrans shares are down by $120 and the QBE shares are up by $80, so not awesome but not too bad.

***

No football winnings this week as my team lost and we didn't have enough spare money to transfer the $15 over from last week so will do that next week.

***

I've been saving for another coffee machine because the current one has been leaking for quite a while, even though I've descaled it. B had a look to see if he could pull it apart and change a seal but no, not possible.

I had $40 saved. This morning while using it, it made an unmistakably bad and scary sound so it was apparent that this was it, time to go to the shops.

The remainder of this purchase is coming out of August money!

Good Guys had the best price for Nespresso coffee machines and I saw one for $229 (rrp is $329) pretty much exactly the same. But.... then I spoke to a salesman.

We ended up with a slight upgrade, getting a Nespresso Lattissima for $399 (rrp is $515, so we got a good deal as they are running that model out), which I'm happy about as this machine does your milk and coffee at the same time, there's a bit of time saving there.

Still have mixed emotions though because instead of saving $100 we overspent by $170. I think in the longterm we'll see the value though. Mr Money Mustache would not be proud though!

Various Financial Transactions

July 7th, 2016 at 08:17 pm

Challenge starting balance: $4,932.01
Plus:
- March mortgage interest payment: $214.48
Challenge closing balance: $5,146.49

One of my 2016 goals was to pay no more than $300 per month interest. Looking back at the bank statement I can see that $548.48 interest was charged, leaving $248.48 to pay. Looking back at my March blog entries I can see that we paid $34.00 towards the interest charged. Therefore to match that goal I have transferred $214.48 onto the mortgage.

Also happy to see that I have now clicked over the $5k mark in the challenge Smile.

***

My lovely boss gave me a bonus of $1045 on the last day of work before my holiday. I transferred $102 onto my credit card (the overspent portion), $398 onto my credit card to be allocated against the dog's dental surgery (estimate has now been changed to $900-$1200) and $500 repaid to the holiday fund.

I also repaid $500 from our pay for this month against the holiday fund. Balance now owing is $492.00.

***

I knew I wanted to buy another 99 QBE shares by September (dividend payment time) to even it up to 300 shares. Due to the Brexit happenings our market has dropped and my shares have dropped significantly.

Therefore I have now bought 99 shares at a price of $10.39, total cost of the purchase was $1,048.56. Basically $1045 went into the account and $1048.56 came out, so not bad at all.

My average QBE purchase price is now $10.71, so I am down slightly there. The MXI shares owned are down heaps, hopefully one day they increase value again.

The EF breakdown will now be:
Mini EF: $2,636.28
Maxi EF: $3,584.25
Holiday Fund: $-492.00

All in all, $6,220.53 at this point in time.

***

I have dropped the dog off for her dental surgery and her physical shows that her heart, lungs and temperature are ok. They do blood tests before giving the anaesthesia also to check that everything is ok.

I just got a phone call from the vet that her blood test recorded a low white blood cell count which we need to get looked at in a couple of weeks.

And the happy news that she is ok!

They have said that 7 teeth were taken out, mostly the back ones. My poor baby. Hopefully she recovers well.

They changed the estimate from $900-$1200, so am interested to know what it will be. If she was in pain from the broken teeth then it is completely worth it for her to be pain free.

Holiday Financial Transactions, EF Thoughts

M