Irish Financial Independence & Personal Finance Podcast

July 2021 Portfolio Update

Monday 2nd August 2021

I often look back on my early investing mistakes with regret. Yes, I have learned from so many mistakes and I am now in a far better investor mindset, but the cost of the lesson has been significant.

In 2018 I invested around €36,000. Of that, €6,000 went into my pension and €30,000 went into high risk investments. Had the full €36,000 been invested in my pension in a US Index Fund, I would be a long way ahead today than I currently am - highlighting the cost of my mistakes in the past.

Building an Emergency Fund

I am looking to grow the amount of cash I have. Cash represents 3 important things for me:

1. It is our emergency fund and is available for us for any genuine emergencies.
2. It allows me to take advantage of market corrections. At the moment, we have asset prices at record prices - hedging against this by having some cash to take advantage of any market corrections is important.
3. Cash would allow me to potentially take a “mini retirement” or sabbatical at some point if I get well ahead of my target retirement age.

July 2021 Portfolio Report

Portfolio Summary (as at 31st July 2021)
Opening Balance €179,270.32
New Contributions €4,330.88
Portfolio Growth €2,474.23
Closing Balance €186,075.43

Monthly Portfolio Growth Report

Monthly Portfolio Growth Report
Capital Gain + Dividend Income from Equities €1,720.76
Real Estate Income €753.47
Total Change €2,474.23

Portfolio Breakdown

The table below shows the breakdown of my portfolio into the various asset classes:

Portfolio Asset Breakdown (as at 31st July 2021)
Equities €89,496.44 48.10%
Real Estate €86,394.99 46.43%
Cash €10,184.00 5.47%
Total €186,075.43 100.00%

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