Regular Financial Updates 2020 Q3

 Hi guys!

This is Jerry, the author of this blog! I decided to post the total asset I have so that you guys could witness my growth.

This is the third quarter asset report of 2020:

If I update this in early September, you may see a different story. My annual goal may have been reached already. Nonetheless, what happened, happened. The stock market started plummeting in mid September. Luckily, due to Vanguard's exit from HK, I sold half of my ETF 3140 and captured some profits before the drop. I have talked about this action in another post so I will not repeat here.

The COVID-19 is still rampant worldwide, and the geopolitical risk escalates to a high level thanks to the US President election. Regardless of the above-mentioned, I will continue to buy ETFs. As I said before, discipline is the key to investing. Even if the stock market continues to drop in October, I will buy on schedule.

This quarter taught me a lesson: Never make a conclusion too early. Originally I thought I could not reach the annual goal. Now, it seems possible. If I do nothing, and just spend and save as usual, I will be less 20k from the goal. This means, if I generate or save 6k extra each month for the remaining three months, my goal will be reached. It's challenging, but I like challenges. We will know the results after three months.

Monthly Investment Plan - HK stocks 7/9/2020

 

I will stop contributing 435 and 3140. For 435, it is because the future of HK is very uncertain. I do not want to bet on it. For 3140, it is because Vanguard will quit the HK market, which is a surprise for me. I sold some of it because of the same reason. The money will be invested to VOO on a monthly basis.

August Expenses 2020

 Hello, everyone!

I am Jerry, the author of this blog!

The pandemic is still with us in HK, but the situation is much better compared with that of last month. I stayed at home for work 3 days per week. 

Anyways, here comes the expenses of August:

Money for my family and GF: $22444.4

Food& Beverages: $266

Transportation: $113.1

Phone: $399.25

Personal growth: $645.07

Miscellaneous: $276

TOTAL: $24027.82

I didn't spend any money on entertainments or games AGAIN! Very great! On the other hand, I spent quite a lot on personal growth this month, but I think some are not worth it. For example, I joined some investment seminars which are not very useful for me.

What about you? How much did you spend in August? Please let me know by commenting below! See you next time!