We are getting so close!
As you’ll see below we got so so close to hitting our Flamingo FI goal last month. But at the time of writing in early September, the market has just taken a dive (the NASDAQ in particular) and there might be more to come. I still have the feeling that the markets don’t reflect the current economic reality. So we’ll just have to wait and see what the next few months bring.
Our Flamingo FI nest egg. It grew from 93.8% to an unbelievable 98% of its target size in August!
Shares: Our index funds and NASDAQ employer shares did not do too much in August. We added some more IOZ and IOO to the portfolio as every month.
Investment Property: This is the reason for the big net worth jump. The estimated market price went up by a decent amount. But as I always point out I don’t really trust these estimates, so I’m not taking this increase too seriously.
Cash: We added some more funds to our cash bucket. We now have quite a large amount of cash sitting in our IP offset account (almost 25% of our nest egg), so I think we can start increasing our monthly share investment amounts again. We want to take things slowly though given how unpredictable the markets are at the moment.
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!