Sunday, 31 May 2015

May 2015 in review

Millionaire by 2020 2019 Plan – May 2015 Update
Millionaire by 2020 2019 Plan – May 2015 Update

May was not a good month for the MoH in terms of overall expenditure, with council rates and home and contents insurance both due.  I suspect I will see the impact of this next month when my credit card payment comes out of my bank account.  The one good piece of news is that my food expenditure finally decreased by $100 – yay!

Shares were down for the third month in a row.  In retrospect, I’m glad I didn’t buy more like I was considering last month.  However, I’m starting to wonder if I missed the top of the market and should have sold off a few in February.

My super balance continued to rise in spite of the share market decline.  However, I do suspect it went down earlier in the month, but was later rescued by my super guarantee contribution later in the month.  Now that I have my own company, I only have to make super guarantee contributions quarterly.  In theory, this should give me an opportunity to time the market a bit better and tip in more when unit prices drop.