Quarter two was just as much of a thrill ride as Q1, but in reverse. We went from a bear market to new highs in a matter of weeks instead of months or years. The question is though, is this move sustainable? For the moment the sharp recovery results in an excellent recovery of my portfolio across the board.
August was a bit more expensive than expected. Mainly because the summer sales got moved to this month. I tried my best not to fall for the tricks they try to apply every year and I think I succeeded very well. But even then, I did buy a few things I needed.
If I had to describe July in one month it would be 'fun'. Bit of a weird thing to say during a pandemic, no? Thanks to a couple of trips and celebrating my wife's graduation from her Master (yeaaaah! well done!) we were able to forget the return of the coronavirus.
After a live-changing May, June was a lot less crazy. That is not to say that nothing happened in June. I actually invested quite a bit in the site. These investments made my SR drop but thanks to my holiday pay, I was able to keep the damage to a minimum.
In recent years, the Belgian government made it easier to make an extra income through a side hustle. In 2015 it introduced a new form of unlimited untaxed income albeit with stringent measures: Flexi-jobs. Later, in 2018, it introduced another form of untaxed income with a limit of 6,340 EUR. It is this last form that the Constitutional Court has annulled. But what does this mean for people that want to still earn something extra?
My favorite individual stocks in my core-satellite portfolio are my Belgian REITs. Aedifica and Cofinimmo are solid companies that focus on a sector in real estate that is still growing: (health) care. Where Aedifica already has over 60% in care property, allowing it to reduce its withholding tax from 30% to 15%, Cofinimmo is now nearing that threshold.
As eluded to last month, May was a life-changing month. I even received a little surprise windfall at the end thanks to my grandmother's inheritance. With all of the preparations done in April, May was relatively calm in terms of expenses. This further improved my Savings Rate and pushed it to an all-time high.
April was the prelude to a life-changing May. Quite a few preparations were made in April for a big moment in May so it's only a given that some money was spent. Add to that the higher grocery expenses due to the corona measures and you can already guess that April wasn't a cheap month. Luckily I received my profit participation which prevented me from going negative.
The first quarter of 2020 was a thrill ride. Especially March turned out to be crazy. When you compare it to Q4, all my investments took a nosedive. From an all-time high for my personal portfolio to a new low.
Well, this was an interesting month for obvious reasons. The Coronavirus took a hold of the world this month after it caused a lockdown in China. It’s not exaggerated to say the coronavirus has the world in its grip. The upside to this for me personally is that it means I barely made any expenses besides groceries. I did make one large purchase after receiving a tax deduction on my apartment.