Saturday 1 April 2023

Summary of March 2023


Summary of March 2023

Lest we forget... war is still ongoing and it is very close to us. People are still losing their lives to defend their country. Inflation is still high and many countries have serious strikes going on either due to pay or due to increased pension age. Governments wants us to stop drinking, smoking and using drugs so that we live longer and once we live longer they increase the age required for us to go into retirement. Robotics will be the solution and not growing population and kicking the can to the next generation to pay the price and increasing the age of retirement is in my opinion also not the path to walk. Forcing a construction worker to work for 40 years with his or her body in shambles is just a disgrace.

Lately I've been poking around with AI, so pretty much every evening I'm asking questions and reasoning with ChatGPT or Bing AI. ChatGPT is clearly more intelligent and I prefer to work with it but I must also say that in the last week I've truly felt how ChatGPT has become more intelligent. It will be interesting to see what happens when it realises or starts acting on that mankind is a parasite on this lovely planet that we are inhabiting surrounded by in the cold, harsh Universe. There are gains (personal and business ones) to be made, for sure, using AI and currently I'm mainly using it as a clever source of information but I need to take it to the next level...

I did in the end hand in my letter of resignation on the 28 February and my final day will be sometime in the end of May. Are my calculations correct? We'll see. If not, then I'll just have to take a job again - I'm not worried, but sure, another year working and I could have bought a better place and had a much bigger buffer to rely on. No retreat no surrender!

At work I'm pushing the projects to the max to make sure that I walk away with the company and the team in an as good place as possible. I've heard about it before but I truly do believe that Swedish people have very high work moral. The UK boss assumed that I would just be slacking off and not be doing anything these three months of notice, which probably says more about him than it does me...

The significant reduction of the payment into the ETF mix (company pension scheme) leaves me with a lot more cash out each month. There might be a bit of a tax issue... I'll deal with that as and when it comes. Anyway... this means that I can directly when the new UK tax year starts on 6 April, transfer £20k to my stock ISA and invest it. It might sound irrational especially considering that I will need cash in the near future however, I do not know exactly when and I also have not decided if I will use the German or the UK broker account to buy the future property and until I've settled upon that I will move forward with what is currently the most financially beneficial option for me, which is to push money into the UK stock ISA.

I must also think about what to do with this blog once I step into my F.I.R.E. Should I report on how life is going on in a different blog/vlog? Should I just walk away and provide no further reports? Will I become even more active in buying and selling stocks to generate cash and then report on that?

For the previous summary please visit Summary of February 2023.

The total invested value is now at: 337,989 . A minor monthly investment was made in ETF Mix with fresh cash.

The value of the portfolio is today: 466,743 € and I have 1,787 € in cash on my broker accounts. I have realised gains of 6,471 € and unrealised of 128,753 € (28%) which is not good enough. My ETFs are now up at a value of 70% of my portfolio.

DAX is now up to 15,629 points which means that it has increased by 2.8% since the previous summary and my own portfolio has decreased by -0.9% in the same time period.

Conclusion: Lately the seas have been stormy and DAX has really been going well. I must however say that having recently bought UK banks just ahead of SVBs issues hasn't helped but I'm fairly pleased with my portfolios development considering how the stock markets in many countries (clearly Germany excluded) have decreased and I've pretty much just treaded water. 

Dividends in March 2023


All the oil companies have made massive profits lately. From this BP decided to pay out 50.31 € which I directly received as cash on my broker account.

IBM paid out 38.77 €, from this the taxman took 5.82 €, leaving me with 32.95 € as cash on my broker account.

DBAG paid out a very small dividend this year in the size of 124 €, the German tax man took 32.70 € which left me with 91.30 € in cash.

The US retail chain TJX paid out 17.68 € and from this 2.65 € was taken in taxes leaving me with 15.03 € in cash.

Intel, whose share price have tanked in the last couple of months paid out 119.59 €, and 6.89 € went to the taxman, leaving me with 112.70 € in cash. It looks strange, I know, I don't see the taxes removed in my UK broker account and I currently own intel shares on both my UK and German account.

And finally my ETF EU held in the UK paid out a dividend of 78.39 € that I get straight out as cash.