2015 Goals: April Update

Every week on Sunday I pull together Mr Zombie Limited numbers and then put them up here once I month.  It is strangely therapeutic, sitting down with a cup of steaming coffee and cranking out some numbers in a spreadsheet that actually mean something, compared with doing it for the sake of it at work. 

Increase Net Worth – Target of 40% across the year
So to be on target I need to aim for an increase of approximately 2.8436156% a month –> ([1.4 ^ (1/12)] – 1) x 100 or 11.87% compounded to date.

Yet another good month.  Net worth increased by 4.56% in the month and 23.54% since the start of the year.

As it is, most of the wealth (ignoring my residential property) sits within my company DC Pension scheme.  It is growing nicely, but I am still very aware that this is locked away until I reach the retirement age as set out by regulation.  I have taken steps to sort this out, pretty much by upping my savings rate since deciding to embark on the quest for FI.  Where to put your savings, in your ISA or your Pension, is still a tough choice when the exact date you will need the funds is unknown.
I have seen an incredible increase of over £12k since the start of the year, since I started tracked my net worth on here.  It’s getting very easy to pull the numbers together and see the graph trending upwards.  Nay, expect to see the graph trending upwards.  It feels easy to look upon investing in the market as closer to risk free than it is at the moment.
NW for the year to date is here.

PASS

Savings rate – Target average of 60%
March was tough as it dropped off to 50.3%.  April was much better and back up towards a much healthier 72.5%.  On a simple average that is 64.7% for the year to date, which is just below the target for the year.  

I think next month I will update my calculation method, as the way it is currently calculated means it is boosted by the employers contribution to my pension in the numerator only, not the denominator.  (Recalculating figures to include my employers pension in the income as well would give 61.4% saved in the month and 55.6% year to date)
With both the in month rate and the average to date being above target I’ll take that as a pass.

I think next month I will update my calculation method, as the way it is currently calculated means it is boosted by the employers contribution to my pension in the numerator only, not the denominator.  (Recalculating figures to include my employers pension in the income as well would give 61.4% saved in the month and 55.6% year to date)

PASS

Cycling – Target 200 miles a month average
It started off great and then finished with me getting Zombie Flu.  I was off the bike for the last 10 days of April (and the first 5 of May), but still managed to squeeze in 213 miles in the month.  A bit of a shame as I could have made some kind of dent into the deficit.
I was at 100 miles at the end of February, 349 miles at the end of March and 562 miles in total for the year. A deficit of 238 miles to catch up on.  TEA would not be pleased.  It’s strange that the one I thought I would have the most control over has proved the toughest so far.
Still, exams are done for a bit, its even lighter in the mornings and evenings now.  Let’s crack out some serious miles.
FAIL

Here’s to a solid May everyone.

Mr Z  

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