July 2018 status update

Time for July’s status update – sadly not as positive as last month’s, but here we go anyway..

General

After completing Dry June I seem to have lost the plot during July and over compensated by drinking way too much! So much so that I’m seriously considering another dry month – we’ll see. I just don’t seem to be able to drink in moderation, and my sleep is really suffering as a result (and all the other knock-on effects such as not doing any running).

My end-of-July weight ended up being the same as my end-of-June weight, so I’ll blame the alcohol for that too! Must try harder in August.

Another perfect month of closing all my Activity rings though – the 7th consecutive month!

I only managed to log one run in July, and the #walk1000miles challenge has been officially abandoned due to Mrs FmC’s ongoing heel pain 🙁

Finance

I haven’t repaid any more of my parents’ loan and neither have I paid for our big holiday. Both are due late next month and I’m on track to have the money available. Looking forward to clearing them both.

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Excited about Bitcoin

I’m excited about bitcoin. Not just bitcoin, but crypto in general. But mainly bitcoin.

I’m a relative newcomer to the world of bitcoin, having made my first purchase at the beginning of 2017. But I sure as hell have learnt a lot in the past year and a half!

But right now I’m feeling optimistic that things are about to turn again. It feels like we are close to the bottom of the current bear market. Now feels like a good time to invest.

So I have decided to start drip-feeding in some more money. Money that would otherwise be allocated to my annual ISA allowance. As nobody really knows when is the right time to buy any investment, I’ve decided to make small regular purchases to average out the price.

I started a couple of weeks ago actually and have a novel way of getting money onto an exchange with the minimum of fees. My first 2 transactions have gone super smoothly.

My plan goes a little like this:

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June 2018 status update

We are just back from a lovely weeks holiday in North Wales (we climbed Snowdon!), so I am feeling suitable refreshed and ready to post a status update for June! 🙂

The only status updates I have previously posted were for Jan and Feb of this year – which is not good enough. I still don’t know what format they should take, but rather than worry about that, I’ll just get on with it and assume they will slowly take shape as I get into a more regular routine of posting updates!

General

I’m proud to have completed Dry June! I enjoyed my first beer after arriving in Bangor for our holiday on the 1st July (at my 139th unique Wetherspoon’s). Since then I’ve slipped into old habits and have been drinking far too much in recent days. I am actually looking forward to returning to work tomorrow and going back to a more disciplined routine!

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Dry June

I have decided to have a Dry June – no alcohol for a whole month!

I love my booze (craft beer & real ale in particular!) but things were slowly getting out of control. Mrs FmC and I were consuming wine on an almost daily basis – with 1 bottle no longer being enough each time. For me that was on top of a couple of cans of strong beer – and several double bourbons would often round off the session (especially at weekends).

In the back of my mind I knew it had become a bit of an issue. My running has seriously tailed off in the last year and I’m just not getting anything practical done during my evenings or free weekends. Any excuse resulted in being a suitable time to start drinking.

An ongoing health issue made me re-think the situation too (as it so often does). There is nothing like a doctor asking you about your consumption and suggesting that it could be a factor in the symptoms you are experiencing.

I’m now half way through the month and things are going OK. The first week was certainly hard and I found myself pretty crabby and short tempered. But things have settled and I am not really missing it at the moment.

But I need to learn to drink in moderation. I love trying different beers and am a bit of a Wetherspoons spotter to boot. I don’t want to ever get to the point where I am told that I can’t drink anymore. That would be awful!

Once I retire, I look forward to more travel and more social drinking than ever before. I just need to keep it in balance with exercise and general good health.

On 1st July we are heading to Wales for a week’s holiday. We intend to do lots of walking and even climb Snowdon, all being well. But I’m also looking forward to enjoying a few drinks 🙂

100% Equities

It’s been a few months since I last posted any information about my investment strategy. Considering it changed shortly after that post, I thought it was worth a quick update.

Quite simply – all ISA and SIPP funds are now invested 100% in equities! To be more specific:

SIPP (IWeb) – 100% equities

  • 100% Vanguard U.S. Equity Index Fund

ISA1 (IWeb) – 100% equities

  • 100% Vanguard U.S. Equity Index Fund

ISA2 (Vanguard) – 100% equities

  • 100% Vanguard U.S. Equity Index Fund

I call that a maintenance-free investment portfolio!

A lot of the motivation for making this decision came from the excellent The Simple Path to Wealth by J L Collins. That book made so much sense to me and is one I will be gifting my children as they grow into adults for sure.

This really is a set-it-and-forget-it type strategy and the focus now falls on me to remain disciplined. I intend to stick to my guns no matter what the market decides to do over the next several years.

Simples! 🙂