There was a $24 increase in my Net Worth this month. $24.
Welp… at least the figure didn’t go down.
February was a bad month for my net worth mainly due to two large expenses:
- Flights and accommodation to Hawaii for two ($4.5k)
- Travel costs to attend an overseas funeral ($2k)
Let’s start with the positive one. The missus and I decided to take advantage of the April public holidays aligning this year to plan an overseas trip. If you take 3 days of leave, you get a 10 day break. We’ve always wanted to go to Hawaii, and it seemed like the perfect destination for this length of time.
Unfortunately as I’m a contractor on a busy project, I’m unable to take large chunks of leave at FIRE friendly off-peak times (when flights and accommodation would be cheaper). Another downside of contracting is that for every day I don’t work – I don’t get paid. Therefore giving up only 3 days of pay for a 10 day break was too good to resist.
Now for the negative one. It’s always sad to receive news of a loved one passing away. It’s also not good for your wallet as you usually have to scramble for last minute flights and accommodation. Luckily it wasn’t too bad, I managed to snag some cheap flights and accommodation for $2k.
I received my first ever dividend!
Well, sort of.
It was the AFIC February bi-annual dividend payout. However as my investing strategy is to utilise the DSSP, I forgoed the dividend and franking credits in exchange for additional tax free shares.
In response to the changes to franking credit refunds proposed by the Labor government, AFIC decided to rush out a special additional dividend in February.
Therefore there were two dividends, the regular $0.10 one, and the special $0.08 one.
So for my 1627 units of AFIC shares:
1627 units * $0.18 = $292.86 of dividends ($418.76 fully franked).
Or 49 more units of AFIC shares through the DSSP.
Here are the usual numbers and pretty graphs.
Net Worth Tracker
Thanks again for reading! See you next month.