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financial report

Financial Report May 2020

Posted on June 1, 2020November 9, 2020 by Mr. Financial Freedom

In May I’ve created positions in my portfolio with 1 new company. I’ve created a saving plan for JPMorgan Chase which was executed the first time in May. I am planning to invest some more money in the bank industry in the next 2-3 month. I had a savings rate of 61% and I’ve earned 97,04 Euro in dividends and invested it directly into new shares.


My Story

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 May my savings & investment rate was 61%. Fantastic month from my point of view.


Invested € in May 2020

This month I have invested 2160€.
2010€ 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
I’ve started new positions on the following stocks:
$JPM
Check out my stock portfolio.


Dividend Income in May 2020

In May 2020 I have received 12 payments and my dividend income resulted in 97,04€. That money was directly invested in new shares.

The companies who paid dividends this month:

Gladstone= 9,71 €
Realty Inc = 8,40 €
Apple = 3,97 €
Stag Industrial = 5,74 €
AT&T = 33,07 €
Altria = 7,10 €

Procter & Gamble = 3,12 €
CVS = 3,53 €
Starbucks = 3,17 €
Tanger Factory Outlet = 14,02 €
Verizion = 4,67 €

Iron Mountain = 0,54 €


Dividend Income in 2020

My dividend income this year is at 326,07 €. 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 May I spent the most of my money on the following categories (sorted by most spent)

  1. Investment: 42,7%
  2. Rent: 20,2%
  3. Groceries: 10,6 %
  4. Dining out, ordering food: 6,4%
    1. Dining out: 53%
    2. Ordering food: 47%
  5. Savings: 5,4 %

In May 2020 I spent the most of my money for new investments – same situation as in March and April. 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.


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Related posts:

Financial Report April 2020
Financial Report - December 2019
Financial Report - November 2019
Financial Report February 2020
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Mr. Financial Freedom

Mr. Financial Freedom was created by Daniel (20-something) who got inspired by many very popular money blogs. Daniel is from Germany and currently employed as a Computer Engineer and started 2 year ago the road towards financial freedom. His goal is to reach financial freedom with a 4 step plan. Check the "About" page for more information.
mm

Latest posts by Mr. Financial Freedom (see all)

  • Should You Have A Shared Account With Your Partner? - June 16, 2022
  • Do You Need 1 Million To Retire? - June 15, 2022
  • My First Experience With Options Trading - October 29, 2020
  • The One and Only Way To Find Your Bad Spending Habits - August 31, 2020
  • Financial Report July 2020 - August 9, 2020

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During the week I am reading different articles and listening to podcast. 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.
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