December expenses

Spent 28439 this month.

FI date and graph

My FI date is Nov 2022 which is 4 years 11 months. December pushed it as my contribution is less and higher monthly expenses. I think January will also be high expense month but have to be tight with money.

Returns

Nifty 500 returned 37.2% for 2017, I had not received such returns and can not measure as well due to change in approach. In 2018 I should be able to measure returns with investments in just 3 funds. India is missing index funds big time.

Donation to Akshaya Patra

I have donated 950 to Akshaya Patra on my last day at office and it felt really good.

Pay day for December

I have received a salary of 39,389 rupees post tax for the month of December. I should save 50% of post tax salary. My investments this month should be (39,389/2) = 19695. Out of which I move 5500 to Franklin India Taxshield and rest to Franklin India Dynamic P E Ratio Fund Of Funds (14195).

I have paid 2,750 insurance plus kid school fee into debt fund already, I will be left with 16944 to spend in the month of December. 

My PF(5,26,289) stands at as of today. Gratuity was settled too and post tax  I received 1,49,883 which was invested in dynamic pe fund already.

Concentrating in on fund house and one fund, isn't risky?

I have attended a session today on investment and the coach asked me isn't concentrating on one fund risky?

My answer was its dynamic PE and has less volatility than the market.

Came back to the desk and thought about it.

What are the risks?

1. If two funds Dyn PE invests underperforms I will take a beating.
2. According to recession data, the max drawdown I can have is 33% and I am ok with it.
3. The debt fund may not give 9% like previous years but I am ok with 7-8%.
4. I may not lose my money unless there is chaos in Indian markets and Franklin Templeton goes down under, even then the underlying assets are in India so if India grows fund grows.

It's still a valid point why not have another fund house to the equation?

Should I invest in index funds from different fund houses, even when I am planning to retire in 5 years?

18-04-2021 This came true in 2020 Mar the debt fund lost 50% of NAV in a single day.

FI date and graph

My FI date has come down to Aug 2022 which is 4 years 9 months. Would like to thank madfientist for creating graph https://lab.madfientist.com/. December probably will not move or may push my FI date as my contributions will not be there due to change in job and higher monthly expenses. Hope to contribute from Jan salary.

November expenses

Dec and Jan are going to be expensive month

December/January  is going to be expensive months.

1. Travel (5k)

2. Contemplating to buy a new mobile (7k) as the current one is not charging properly or should I just let go and check if wire is faulty and still use old one. --- Will check with new wire and see if it charges, do not actually need it till Jan 8th.

3. My stint in current company will end on 19th and will not receive full salary plus I have some loss of pays as well. May be I will get at best 1/3rd of salary around 19k. Cash is not a worry I have about 45k for next two months and 20k should be returned to me which I loaned to a friend. ---(4th Dec) It looks like my salary will be delayed so have depend on housing account. (15th Dec) Mom is taking the housing account card with her.

4. Have to purchase new cloths for new office because it will be business formals which I think will cost around 15k. --- Have to see what actually fits into business formals in existing clothing.

5. Planning to replace spectacles (5k). --- Not a mandatory need and can wait for Feb month

Total of 32k + usual 40 k expenses is what I am looking at. I also have a about 50k with housing account (15Dec which I can not sadly use), have to see how these two months spending going to look like.