Project 1000: November 2019 – 436 Days to Freedom

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. 

Before we get started, here is a quick public service announcement:


I have created a Facebook group to discuss all things Semi-Retirement (and FIRE).

Semi-Retirement is a topic that is not widely discussed in the mainstream FI groups so I thought it would be nice to have a place to ask questions and talk to others who care more about the FI part of FIRE than the RE part.

So if that sounds like something you could get value out of, please join the group! 

But now let’s get into this month’s update!

Flamingo FI

Not much to report his month! Things are looking up again, which is great. However, our progress towards Flamingo FI is ever so slow at the moment. This will change soon when I go back to work and we are on a double income again. Hopefully, our Flamingo will start running (instead of crawling) up that hill again!

Our Flamingo FI nest egg grew from 68.1% to 68.8% of its target size last month. I really hope we’ll be able to cross the 70% mark next month!

Shares: The value of our employer shares went up a little last month. We sold a decent chunk of my employer shares and added the proceeds to the cash fund in our offset account. Next month we’ll also sell some of Mr. Flamingo’s employer shares to fight under-diversification in our portfolio. Our other shares (mostly index and growth funds held in Super) went up a tiny bit as well.

Investment Property: No change.

Cash: We did not add any new funds this month.

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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