My favourite time of the month again – it’s time to update the Ultimate Dream Fund! Although I managed really well with savings in June, the uncertainty of the UK and the Leave vote at the end of the month has meant that my shares have wavered slightly. They are now back on the up after a bit of a shaky week, but I suppose that’s what you get when you invest in individual companies. I just need to remember that I’m in this for the long haul and that I’m concentrating on dividend growth investing so I need to ride the ups and downs and stay calm!
The Ultimate Dream Fund is named because it is our dream to retire early, and we need the funds to make that happen! One day, this fund will provide us with the money to live on when we leave our 9-5 jobs and time will be all ours. That’s the biggest motivator for achieving our goal. Being able to spend our time with our family is what we’re doing this for; there’s nothing more meaningful to us than that.
I’m going to post updates on our fund for two reasons; one, so that I can show that living a frugal lifestyle means that we can retire earlier than we should do and still live a good life on the journey, and two; to keep me motivated for the long haul. This journey is going to take us a long time, but it’ll be worth it in the end. This plan also includes us being mortgage free, so that our monthly outgoings are reduced and manageable.
At one point towards the end of the month, by portfolio was down -10% so I wasn’t looking forward to the month end update. I know I’m in it for the next 20 years or so, but to see so many negative figures was a little hair raising! But, I did invest some more money in one particular stock when it was at quite a low number, which has since risen so I’m pleased I held out in that respect. It’s also a dividend paying stock, so will add to my future income stream! All of this is within my stocks and shares ISA which is with Hargreaves Lansdown. It is very easy to use and I’d definitely recommend them. You can get information about that here or even open an ISA today if you feel ready!
Related post: I’ve Started To Invest – Finally!
Related post: My Investing Journey So Far
Related post: Portfolio Progress – First Quarter 2016
As of June 30th, our Ultimate Dream Fund looks like this:
That overall is an increase of £170.50 for the month of June which is slightly disappointing because I transferred over £600 into savings in June, but it just shows how the markets can swing. However, this is the first time in ages that both accounts are in the green and up in numbers. About time too! I really want to be over the £7,000 mark by the end of July, if not nearer £7,300 but it does depend on if the markets stabilise a bit. If I want us to meet our long term aims, I need to start bringing in more money; If you would like to work with me, please check out my Hire Me/Advertise tab!
Finally, here is the progress of the fund since it began in June:
How was June for your savings/investing targets? Are you still on track?
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