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Looking Into My Stock Portfolio

Portfolio update: new savings account & stock purchases

Last Updated on January 22, 2019 by Mr. FightToFIRE

We are only the second week of January and I can already give a major update on my portfolio and milestones progress. This is in part due to the decline we saw at the end of 2018 and the opportunity it offered me to enter at a lower price for quite a few stocks.

One of the biggest changes is the execution of the planned changes I wrote in my 2019 look ahead:

  • The closing of my savings account at Moneyou and moving all its funds to Medirect’s Fidelity plus account.
  • Purchasing dividend stocks

New savings account

The main reason for changing savings accounts was the much higher interest rate I would get at Medirect.
There is a huge disparity between these two savings accounts:

That’s a difference of 136.11%! The 0.85% Medirect offers is not nearly enough to compensate for the (Belgian) inflation of 2.05% (2018), but that doesn’t mean I shouldn’t try to minimize the loss at least.

New portfolio purchases: seizing the opportunity

Thanks to the December bearish sentiment and my move to a new savings account, I seized the opportunity to purchase new stocks and add some shares to stocks I already own by depositing 5,500 EUR:

  • Added
    • 15 KINEPOLIS (KIN)
  • New
    • 12 ISHARES S&P SMALL CAP 600 (IUS3)
    • 7 ISHARES CORE S&P 500 (SXR8)
    • 20 AEDIFICA (AED)

Because of this new deposit the total deposit amount of my portfolio has reached 18,000 EUR. This also means that I have already reached 44% of my target deposit amount.

While I now made a large deposit, as a result of a snowboard trip in March, and before that, new snowboard + bindings, I won’t transfer 1K to my trading account in the next three months.
I don’t foresee any other big expenses after this so I should be able to stay on track to reach my milestone of 12,500 EUR by the end of the year. Of course, you never know but for now, I’m off to a great start!

I’ll refrain from updating my portfolio page till we reach the end of Q1, but you can already look forward to a big difference compared to my 2018Q4 report.

I'm a developer for a major financial institution in Belgium that is present in over 40 countries. I have over 8 years of working experience in the development of customer applications focussing on all aspects of banking. This helped me gain a deep understanding of the inner workings of a commercial bank. All of this experience in both banking and life culminates in this blog about personal finance and my fight towards FIRE.

This Post Has 5 Comments

    1. The Medirect one shouldn’t be anymore special than what you have in NL.
      Well, except that it’s a (Belgian) regulated savings account meaning it needs to adhere to a few basic laws such as a min. 0.01% base rate and 0.10% fidelity. The other rules are:

      1. 1. The saver’s remuneration must consist of two parts: a basic interest rate and a fidelity premium.
      2. 2. The base rate may not exceed the higher of the following two rates: 3% or the rate for the main refinancing operations of the European Central Bank.
        The fidelity premium amounts to a minimum of 25% of the base rate offered and a maximum of 50% of the base rate permitted by law.
      3. 3. The fidelity premium must be paid quarterly.
      4. 4. The use of a regulated savings account is limited in terms of transactions.
      5. 5. Each bank may only offer six such regulated savings accounts.

      You can find more details about my chosen account here:
      A recent article from “De Tijd” clarifies what they plan to do with the money from the accounts:

      But what’s in it for the bank? Delva boasts that MeDirect can earn more than 0.85 percent a year from the money that its savers spend a long time parking at MeDirect through corporate bonds. We expect to attract several hundreds of millions in the near future, and they will stay with us after that.

      According to Kristof De Paepe, the manager of, it seems obvious that MeDirect will also try to raise funds for its new clients. There’s nothing wrong with that, it’s a logical next step for savers.

      Translated with

      1. This makes sense. However here in The Netherlands we don’t have these “high” yielding accounts. Or well, high, higher I should say :-).
        Although I guess it’s possible under the EU to park my money in a Belgium bank account right?

        1. You are allowed to open an account in any EU country as a European citizen but some banks require you to have an address in the country of the bank you wish to open an account with. I know they are required to allow you for a regular debit account. I’m not sure if the same applies to savings accounts.

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