October 2021 – Evaluation of goals (+6 %)

As usual, here is the evolution of my different personal goals as of 31.10.21. As a reminder, at the beginning of July, I had put on paper the list of my personal goals that I had set for this year 2021.

General overview

The month was a bit more busy on the work side so less time for the blog and the management of my personal finances in general. The overall progress is still 6% which is quite good for me.

With a category in decline, I am still happy to have achieved three new goals:

  • Investment in the stock market -> Amount exceeded!
  • Read 4 books on personal development -> I did!
  • Produce 35 blog posts -> done!

1. Invest the maximum on my 3rd pillars (6’883.- CHF)

No problem to reach this goal. The permanent transfers are configured and do their job 🙂

As explained in the initial article, part of my 3a accounts are invested in the stock market and have been earning more than 29% return since the accounts were opened. After the brutal fall of 4% in September, at the time of writing, this loss has already been wiped out!

Interesting performance, isn’t it? If you want to know more, I let you discover how to have a 3a invested in the stock market with ridiculously low fees! If you are interested, write me and I will give you an invitation link that will allow you to have your first 500 CHF managed for free! To make you even more envious, here is the evolution of the return on my main account since its opening in June 2020.

2. Invest CHF 15’000 in the stock market (shares, ETF)

I have a permanent transfer of CHF 1,000 to my Interactive Broker account and then I decide what I want to invest in during the first days of the month. Depending on the opportunities, I sometimes make additional payments. The goal can be reached without any problem this year.

Objective reached! With 15’600.- CHF invested since the beginning of the year, I am very satisfied to have started with this platform!

For the month of October, I strengthened my positions in VT ETF (Vanguard Total World Stock) by buying 11 shares. As October was quite a tough month for the stock market, VT stock dropped to 101.45 US $ at the beginning of the month. I took the opportunity to buy at that time. By the end of October, it had already risen to over $107! Anyway, no stress in this kind of investment, because it is for the very long term (20 – 25 years).

3. Achieve a savings rate of 50%

As for the previous month, October was not an exemplary month in terms of savings rate with a result of only 23.90 %, which is my second worst result since the beginning of the year. Overall, I am below my annual target of 50% with 45.24%. The goal is still achievable with the arrival of the 13th salary and, hopefully, a bonus :p

The main reason for this slightly lower rate is the beginning of a new personal project in the crypto domain. I actually had for about 2’200.- CHF of expenses for this project, and this is likely to be repeated over the month of November 🙂 But like any project, you have to know how to invest, take accepted risks to hope to get a return from any project.

Second reason, I had some professional expenses that will be refunded with the November salary and I also ate twice at the restaurant with my colleagues to enjoy the hunting season 🙂

The annual target is still possible. 45.24% average savings rate is very pleasing. Even though we try to be frugal, we place a lot of importance on time with friends and family and we don’t want to fall into a mode of privation and frustration. In order to increase this savings rate, the other area I’m going to focus on until the end of the year is income. How to earn more? A very interesting question that I will be looking into very soon 🙂

In order to calculate this rate, I have to track all of my money coming in and going out. As already mentioned, I do this with this great app, YNAB.

Note: YNAB is paid and for this reason, it is not the most frugal solution. There are a lot of free GoogleSheets that allow you to do this job. It’s up to you to see what motivates you the most 🙂

4. Learning to invest in crypto – 2’000 CHF

Not much on the crypto side during this month. I initiated myself and had fun with Binance by trying to make some daily trades with very small amounts (between 20 and 50 CHF) by following the indications of a well known trader. In the end, only 121.- CHF were invested in this area. Note that these funds come mainly from the feedback I got by answering online surveys 🙂

I know that there are ways to make a little (or a lot) of money in this field, but I refuse to get serious without having a clear and precise strategy. Even if the lure of gain can be tempting, I force myself to be rigorous in my strategies. I have subscribed to a crypto analysis platform and I need to take the time to familiarize myself with Binance to be able to make some well defined trades. Currently, my crypto strategy is simply to buy in bear market and hold everything. The staking at Swissborg makes me earn some daily interest.

Note: I do not count cash outflows related to my new personal project in this category.

5. Increase my cash by 30’000 CHF

While last month I had decreased my cash by 166.20 CHF, this month it increased by 429.- CHF . It’s not much, but better than nothing 🙂

This goal is clearly going to be challenging, if not impossible to achieve, but that’s okay. Indeed, it is not the most important one, as cash currently represents about 80% of my liquid assets [french only].

6. Read 4 books about personal development or finance

I finally finished all the books I started! Goal achieved!

If you order through these links, I will get a small commission.

7. Write 35 posts for my blog (in French)

Despite a little slowdown during October, I still wrote an article on Binance and reached my goal!

I’m never going to force myself to write, but I think it’s great to have a goal like that! It’s motivating to see how hard you’ve worked!

8. Translate 20 posts from my blog into English

As you know, I only started translating the site in July. Good progress in October with 3 translated articles.

I increased from 60% to 75%! Very happy with myself. This goal will be achievable by the end of the year. Note that I also count all the new articles that I systematically write in both languages.

9.  Get 100 subscribers to my newsletter

Progression in slight decrease and this is surely related to the fact that I published less article and therefore less share on social networks. Still, 4 new members! Thanks a lot to them ! If you read this article and you like it, subscribe if you haven’t done so yet :-). Don’t hesitate to share the address too 🙂

Thank you very much !

This is a progression that suits me! If you are already a subscriber, sharing my blog address on your social networks or directly to your acquaintances would help me a lot! Thanks in advance for your help.

10. Earn 2,000 CHF in additional income

I’m still a bit behind with this goal, but I recorded an additional 27.20 CHF for October, and that’s just from survey payments. I’ve gotten into the habit of spending 20-30 minutes a night on this task. It’s time consuming, not necessarily interesting, but it allows me to generate some small income.

I have also started to put a lot of things for sale on Anibis and Ricardo. It can be quite time consuming at first, but once it’s online, there’s not much to do and it allows me to get some money from these sales.

I don’t include dividends or returns from my investments

Conclusion

I was not very optimistic about this month of October, but I am finally happy with the result. I notice that reaching the 50% savings rate is really a nice challenge and that I should not only focus on expenses, but also on other ways to generate income. What about you? How was your month of October?

Comments are welcome !

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