Sunday, 30 June 2013

June 2013 in review

The MoH has just calculated the June performance figures, and I think they're a bit of a mirage, if mirage could be a financial term.  Despite the continuing trials of the sharemarket, the annual fixed interest on my margin loan falling due, and my massive European holiday, my savings went up!

However, investigation soon revealed that the circumstances were due solely to my credit card bill with all my holiday expenses on it not being due until July. My super balance fell slightly, my shares dropped a lot, and some cash disappeared to various good causes.

I suspect July is going to be a sorry state of affairs, with that credit card bill and nothing really to offset it until I can get my tax refund in August.  But in the meantime, I'll just bask in the glow of having achieved 8% of my goal versus the June target of 5%:


Stay tuned for my upcoming July posts tomorrow.