Scandinavia isn’t particularly known for its long and hot summers, but recent summers have been on fire. As a figure of speech. And literally. Half of Sweden was suffering from raging forest fires last year, as it was scorching hot for months on end. Luckily this years summer is a bit more modest temperature wise (never thought I would say that) but we’ve had plenty of enjoyable and sunny days already.
One thing that has been on fire in June is my journey to…FIRE.
My net worth reached $566,697.57, which is a 10.62% increase compared to May.
The main contributor is the fact that I adjusted the value of my home with +$30K to align it with the current market. This was long due and I decided to take the adjustment in June. Another thing that fueled the jump in net worth is the rather significant capital gain on my company stock asset. The stock reached new record highs in the past weeks. On top of that I invested another $10K in company stock via the company’s ESPP program (employee stock purchase plan). And last but not least my pension saw a nice increase.
The jump in net worth is mostly fueled by external conditions (stock markets and domestic real estate market), but there is a little inflow of money as well. Pension contributions and the new ESPP investment.
Anyway, the record high of my company stock made me do what I had been contemplating for quite some time: Sell off shares to secure some of the gigantic capital gains it has produced thus far. I sold about 10% for a little more than $10K.
So $10K available for re-investment in other assets.
That’s when the burden of doubt descended onto my shoulders. I had been quite determined to put all that money in crowdlending schemes, but suddenly I wasn’t so sure anymore. It is easy to take decisions on paper, write posts about it, but when having a significant amount of money waiting to be invested, things are not that easy.
So what did I do? Invest $3K in cryptoassets (of which $1K were new funds). Before rushing to conclusions, condemning me and expelling me from the FIRE community, read this post (and then condemn and expel me if you please 😉 ).
That’s a bit of a crazy move, but I still have around $8K lying around. I haven’t decided just yet what to do with them… Maybe I finally have my emergency fund?
Deposits and withdrawals
- Sold company shares worth a little more than $10K.
- Re-invested around $2K of that money in a blockchain/crypto initiative for live streaming of video.
- Invested an additional $1K of new funds in the same blockchain/crypto initiative.
- Deposited around $1K in my pension fund.
The income/gain looks like this:
June saw a record capital gain completely cancelling out last months loss.
My Mintos investments live their own life. I haven’t invested more funds in this asset for a number of months now, but the return keeps accumulating (and is automatically re-invested using Mintos’ auto-invest feature).
The total return approaches $150.
Plans for July
My plans for July:
- New micro fiction writing challenge.
- Find a new home for around $8K that I got from selling company shares (not to be taken literally…with ‘new home’ I mean assets to invest the money in 😉 ). This requires some thorough thinking.
- Keep the ESPP program running
That’s all for this time!