Welcome to the latest Project 1000 update! This is where we share the progress of our 1000-day journey to freedom once a month. New readers: If you have not read our plan yet, I recommend you do so now and then come back here.
Things are going well at the moment! In December our Flamingo FI nest egg grew from 71.4% to a whopping 74.7% of its target size. We have a little over a year left before the end of Project 1000 and we are confident that we’ll reach our goal.
Shares: Mr. Flamingo received some employer shares in December. We sold them straight away and bought a parcel of VTS and a parcel of VAS instead. Our existing shares in Super did quite well last month, so overall we are pretty happy with our share portfolio.
Investment Property: The estimated market price of our IP went up a bit in December. We use the estimates available from different analytics websites/apps and take an average (we use the Commbank Property App, OnTheHouse.com.au, ANZ Property Report, Propertyvalue.com.au, and realestate.com.au). The average this method gives us seems to be pretty close to the prices achieved in recent sales of similar properties in the area.
Cash: We only added a few hundred dollars cash to the nest egg last month as we had to put some money aside for income taxes on the shares Mr. Flamingo received.
This is what our current asset allocation looks like:
And here is our current split between assets inside and outside Super:
Thanks for reading! See you back here for next month’s update!