In June I’ve created positions in my portfolio with 2 new companies from Germany. With Allianz and BMW I’ve decided to add them to my portfolio. I am planning diversify my portfolio from a country point of view and since I know these 2 companies It made sense for me. In addition I have added to Wells Fargo, Apple and JPMorgan.
I had a savings rate of 71% and I’ve earned 96,68 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 June my savings & investment rate was 71%. Fantastic month from my point of view.
Invested € in June 2020
This month I have invested 4788€.
4638€ into my dividend portfolio and 150€ into my ETF portfolio.
I’ve increased my positions on the following stocks:
$AAPL, $T, $DIS, $MO, $KO, $PG, $VZ, $CVS, $IBM, $JNJ, $MSFT, $MMM, $PM, $CSCO, $WFC, $JPM
I’ve started new positions on the following stocks:
Check out my stock portfolio.
Dividend Income in June 2020
In June 2020 I have received 12 payments and my dividend income resulted in 96,68 €. That money was directly invested in new shares.
The companies who paid dividends this month:
Realty Inc = 7,04 €
Aflac = 8,50 €
Stag Industrial = 5,52 €
Wells Fargo = 7,72 €
Johnson & Johnson = 3,25 €
IBM = 8,10 €
Exxon = 19,57 €
Microsoft = 4,80 €
3M = 15,07 €
Walgreens = 4,51 €
Royal Dutch Shell = 3,10 €
Dividend Income in 2020
My dividend income this year is at 422,75 €. 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 June I spent the most of my money on the following categories (sorted by most spent)
- Investment: 63,9%
- Rent: 13,6%
- Groceries: 5,0%
- Vacation: 4,6%
- Savings: 3,7%
In June 2020 I spent the most of my money for new investments – same situation as in March, April and May. 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. In June it is not even in the Top 5! One of my goals in 2020 is to reduce my spendings on that category to 2000€ per year. Last week we did a short vacation trip to escape from home for some days. Good to relax some time and refresh the mind.
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.