Project 1000: May 2020 – 261 Days to Freedom

Things are starting to look up! The markets have recovered somewhat over the last month and Australia has done a stellar job at containing the virus. Of course we are probably headed for a recession and markets might drop again. But for now it seems like things are looking a lot more positive than just a month ago.

As I mentioned last time, our plan has not changed. We are investing regularly and are also working on increasing our cash buffer.

Mr. Flamingo and I are still working from home while also looking after Baby Flamingo. It looks like our workplaces might open up again soon and we are both looking forward to going to the office at least 1-2 days a week soon. I never thought I would be happy to go to the office, but I’m sure many of you feel the same way. The last couple of months in lockdown remind me of my failed semi-retirement and self-employment test drive in 2014. I am someone who needs a bit of external structure and somewhere to go at least a few times a week. So I’m more certain than ever that Flamingo FI and semi-retirement are the right choice for us.

Now let’s have a look at the numbers.

Flamingo FI

Our Flamingo FI nest egg grew from 75.7% to 77.7% of its target size in April. I’m definitely happy with this result.

Shares: Our index funds inside and outside of super went up along with the broader market. in April. We also added some more IOZ to the porfolio. Our employer shares on the NASDAQ did very well last month. We are lucky we work in industries that are currently not heavily impacted by the pandemic.

Investment Property: No change.

Cash: We added some cash savings as always.

Asset Allocation

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!

 

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