The coronavirus pandemic has our life’s still under control, even the plan is to have less constraints over the next few weeks. I am currently not sure if it is the right decision to open up the world in that speed, but who knows. I just want to avoid that things are going back as it was the last 2 months.
In my newsletter I’ve reported, that on 30th April I found an article from DTA which kept me thinking about it for the whole week. This article you can find here: 7 Reasons for a Second Stock Market Crash in 2020. The next weeks will be very interesting. I am curious to see if the stock market really drops much more than it did at the beginning of the Corona Pandemic.
In April I’ve created positions in my portfolio with 3 new companies. Tanger Factory Outlet, Starbucks and Delta Airlines made it in my portfolio. With Delta Airlines I put some money in risk, but I am confident that if the release of constraints works, the flight industry will come back soon.
Coming back to my financial report April 2020: In April I’ve earned 58,32 Euro in dividends and invested it directly into new shares.
I’ve started to learn more about saving and investing in the beginning of 2018. I am proud what I have achieved in the past 2 years:
- I am debt free.
- Since the beginning of 2019 I’ve increased my savings rate to have a small emergency fund
- I’ve increased my savings and investment rate to 34%.
- I’ve started my dividend portfolio in 2018 and increased my dividend income YoY.
- In January 2020 I’ve invested my first money in 2 real estate crowdfunding platforms.
Of course these are the basic and mandatory steps towards financial freedom, but I am proud where I am so far.
I want to share with you my monthly financial reports to follow my journey to early retirement.
Savings & Investment Rate
In the beginning of 2018 I just saved a little amount per month without having a real sense behind. I just saved, because I was supposed to save.
Reading the book “I Teach You To Be Rich” from Ramit Sethi changed my money mindset and I started to invest and created my own money flow.
You can find my Mr. Financial Freedom Automatic Money Flow in following post: Financial Freedom In Germany – How To Start Your Journey
In April my savings & investment rate was 35%.
Invested € in April 2020
This month I have invested 4525€.
4000€ into my dividend portfolio, 150€ into my ETF portfolio, 225€ into Trade Republic portfolio, and 150€ in real restate crowdfunding platforms
I’ve increased my positions on the following stocks:
$AAPL, $T, $DIS, $MO, $KO, $PG, $VZ, $CVS, $IBM, $JNJ, $MSFT, $MMM, $PM, $CSCO, $O, $SPG,
I’ve started new positions on the following stocks:
$DAL, $SBUX, $SKT
Check out my stock portfolio.
Dividend Income in April 2020
In April 2020 I have received 7 payments and my dividend income resulted in 58,32€. That money was directly invested in new shares.
The companies who paid dividends this month:
Gladstone= 9,70 €
Realty Inc = 6,19 €
Coca Cola = 3,31 €
Stag Industrial = 5,70 €
Iron Mountain = 12,04 €
Philip Morris = 15,15 €
Cisco = 6,23 €
Dividend Income in 2020
My dividend income this year is at 229,03 €. In 2018 my dividend income was 48 €. A lot can change within 2 years.
Highest Expenses by Category
I am tracking my every expense every day since about 1,5 years now. I’ve started this private project when I read the book “Your Money or Your Life” from Vicki Robin.
It helps me to get an idea, where I spent most of my money. I am using the app “Money Manager” on my phone. There is no need to create an account and it is very easy to use.
In April I spent the most of my money on the following categories (sorted by most spent)
- Investment: 58,7%
- Rent: 13,2%
- Groceries: 8,5%
- Car: 7,1%
- Savings: 3,6%
- Dining out, ordering food: 2,7%
- Ordering food: 100%
In April 2020 I spent the most of my money for new investments – same situation as in March. This month I also had to fix a broken part of my car which increased my expenses significant. With COVID-19 my expenses for groceries went up, while dining out and ordering food went down. Dining out and ordering food, is where I spent the most of my expenses in 2019. One of my goals in 2020 is to reduce my spendings on that category to 2000€ per year.
Join my weekly E-Mail Report “Wisdom Wednesday”
During the week I am reading different articles and listening to podcast. In my weekly e-mail report “Wisdom Wednesday” I am going to send an email every Wednesday to you with all interesting articles or tools I found during the last week. I am sharing / advertising the article of other bloggers. In that way I can make sure that everyone is getting the best resources available on the Internet.
Mr. Financial Freedom
Latest posts by Mr. Financial Freedom (see all)
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- Financial Report May 2020 - June 1, 2020
- Guest @ The Joney Talks Podcast EP. 37 - May 29, 2020