Savings Report #23 – Back to Break Even!

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 and house value represent my share only. The spreadsheet calculates my savings rate based off Β£12,000 worth of expenses per year, even though my expenses are actually Less Than 10k Per Year. This is to create a buffer; I’m aiming for at least 12k to reach financial independence.

Click here to see all of my past Savings Reports and view my interactive net worth chart

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Stocks have well and truly recovered and due to buying whilst they were on sale, I’ve now broken even with the book cost.

Who knows if we’ll have another drop? The market seems to be very sporadic at the moment, so I’m just grabbing some popcorn and watching the show whilst continuing to invest as normal.

I managed to re-purchase my 10 Tesla shares after trying to time the market last month. Lucky too as they had another great month by laughing in the face of COVID and rising 21.8%!

Maybe these shares will eventually be enough to cover the cost of a Cybertruck? Only about 400% gain to go, if Tesla carries on at the rate it’s been growing then that might come in as little as 12 months, haha.

Other News

The world seems to keep spiralling into despair, the only glimmer of happiness being the recent successful SpaceX astronaut launch.

I’ve kind of stopped reading the COVID news now, I really have no idea if we’re coming out of lockdown, having a rebound, or what. All I know is that offices are going to stay shut for at least the rest of the year.

Instead, I’ve been focusing on personal growth, my mission to pass a Google like interview has been at the forefront of my mind so my lockdown has been full of whiteboards, YouTube videos, and problem-solving.

I have some exciting news to share on my progress with the interview training soon, so hold tight!


12 thoughts on “Savings Report #23 – Back to Break Even!

  1. Another Β£10K month! Not bad πŸ˜‰

    I’m seriously trying not to look at the market right now. The experts are all over the place. Nobody has a fucking clue about what’s going on πŸ˜› (QE is fucking it all up).

    So are you planning to keep the Tesla shares you have now, or will you continue to buy/sell (I don’t know the technical term for it? πŸ˜› ).

    Looking forward to hearing the exciting news! πŸ˜‰ (oh, wait – I already know! m00hahahah).

    1. I’m planning on keeping them, I’ve lost the courage to try and trade them anymore after they shot up again! Plus..ahem…new tax purposes may hinder trading by a bit.

  2. Did you see the SpaceX rocket? I was so awed by it that I didn’t take a photo as it would have been brilliant, just as it was passing the moon!

    Great update and great gains with Tesla – even my little slice (bought at the wrong time when he had that Twitter meltdown!) is upn 15%!

    Like @Nick, I already know about your exciting news but I want to know more details! πŸ˜‰

    1. I didn’t! Super jealous that you did! We tried to look out of our skylights but the sky was really white down south, must have been clearer up north πŸ™‚

      I need to start writing some longer posts, there’s been so much going on lately with the news and not being on a train commuting that it’s been hard to focus on any substantial writing.

  3. Hey congrats on breaking even SN. I slipped back under the 100K again and still have not recovered yet.

    I have no idea about what your exciting news may be about, you are teasing me! hehe πŸ˜‰

    Focusing on personal growth sounds like a the clever thing to do right now, so well done on that.

    1. You get to celebrate all over again!

      Haha, the news will come out soon, just confirming everything. Or if you can’t wait then DM me πŸ˜‰

  4. It was a refreshing review of the monthly stats. Both pension and isa’s rebounded and with continued investment its made the position look a lot better.

    Similiarly i have no idea what the future holds with the disaster that is 2020 so its a case of just keep doing what i am doing.

    Look forward to the interview update

  5. Hi,

    Can I ask for your thoughts about pensions withdrawl in the future.

    If in the future it’s still possible to withdraw 25% tax free at 55, is there anything to stop me from increasing my contributions, avoiding the tax on payroll and taking it later as part of the tax free amount ? I understand the Β£40k annual limit and I’m currently outing around Β£30k in per annum (inc employers contribution)

    I have a few more years to go, currently achieved 33% of my retirement goal for FIRE

    Thanks and apologies for the question on this thread.

    Appreciate I’d need to take professional advise, just wanted to ask this board.


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