This is a Saving Ninja savings report. Go to How To Track Your Savings to check out the Saving Ninja Super Spreadsheet. Please note that I split my expenses equally with my partner and the savings rate, house equity
Oooo, look at that nice big 90!
Investments took a bit of a nose dive this month and lost £1,579 in value, although that was expected with the huge £2,816 gain from last month.
BUT, we still saw my net worth grow by £3,337.
This increase came from one extra special new investment to my portfolio: a buy to let property!
Spurred on by Nick and his latest property purchase. I thought it was about time I added something into that forever blank ‘Other Investments’ section.
For my BTL purchase, I used a very cool new platform called Property Partner. They let you invest as little as £100 into a huge variety of properties that they manage and I’ve heard nothing but good things from the friends who use them.
So, I decided to stick £1k in first to test out the platform. Say hello to property #1:
The property consists of 9 flats in the up and coming area of Cheshire (near where I grew up) and I now own 2000 shares in it, woo woo!
The expected dividend yield is a pretty good 4.21% but all of these dividends will be automatically reinvested back into the property (at a discount) and I’ll be hoping for a decent capital gains pay off. As it’s risen 26.5% in the last 5 years, and some properties in the UK have risen by over 50%, it’s an investment risk that I’m willing to take.
I know what you’re going to tell me: The property market can’t go up forever! I understand your concerns, BUT, I’m only investing £1k for now, and I’m thinking that even if there was a small property crash, the dividend income alone may even outperform the stock market. You’ve got to have a little fun, right?
I actually paid a premium of 7.8% to purchase this property due to the current popularity, who wouldn’t want it – it’s pretty flipping cool – which is why my ‘Other Investments’ section only stands at £911 after £1000 invested. Let’s see how long it takes for me to break even!
If you want to purchase a share in the same property and become my fellow investor, check it out here and let me know in the comments below!
May has been a month full of walking and wedding planning. The wedding is under 2 months away now and I’m getting pretty damn nervous.
Thankfully the planning seems to all be falling into place, although it’s still probably going to be a mad rush in the weeks leading up to it (no matter how organised I think I am!)
That reminds me, there is probably going to be a period of no posts for about a month in August due to the wedding and honeymoon. I was hoping to get some written and scheduled to bide you guys over, but I seem to be running out of time. We’ll see, still some time left yet 🙂
I made an additional £3,041 this month from matched betting (mostly EW). I guess I’m addicted to the tax-free money!
Saying that, most of the month was pretty rubbish. The bulk of my profit came from an insane profit winning day on the 3rd of May.
I will be lowering my stakes to £20 EW (from £40 EW) for the time being and trying out a new risk-free method called ‘arbing’ this month. Let’s see how it goes!
How was your month?