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Net worth update per August 31st 2023


This is Finanzgedanken's #50 net worth update. Please check out my profile here for more information. As of August 31st 2023, my net worth increased to CHF 661,353 and my FI portfolio increased to CHF 1,137,249


Net worth

CHF 661,353

Since the last update on July 31st 2023 my net worth has increased with CHF 3,833 (+ 0.58 %).

FI portfolio

CHF 1,137,249

Since the last update on July 31st 2023 my FI portfolio has increased with CHF 2,546 (+ 0.22 %).

The per-day change in net worth between the reported periods are shown in the plot below.


And the development and changes between each net worth reporting is shown in the tables below.

Net worth
FI portfolio

The changes for each asset class is shown in the table below. All numbers are in CHF.
31 Jul 23 Change 31 Aug 23
Cash 151,805 +6,163 157,968
Investments 853,250 -1,913 851,337
Retirement acc 129,648 -1,704 127,944
Real estate 0 0 0
Other assets 28,417 -2 28,415
Total assets 1,163,120 +2,544 1,165,664

Mortgage 505,173 -916 504,257
Other debt 427 -373 54
Total debt 505,600 -1,289 504,311
31 Dec 22 Change 31 Aug 23
Cash 124,494 +33,474 157,968
Investments 837,917 +13,420 851,337
Retirement acc 104,654 +23,290 127,944
Real estate 0 0 0
Other assets 28,750 -335 28,415
Total assets 1,095,815 +69,849 1,165,664

Mortgage 511,884 -7,627 504,257
Other debt 0 + 54 54
Total debt 511,884 + -7,573 504,311
31 Jul 19 Change 31 Aug 23
Cash 65,826 +92,142 157,968
Investments 412,500 +438,837 851,337
Retirement acc 82,055 +45,889 127,944
Real estate 0 0 0
Other assets 59,134 -30,719 28,415
Total assets 619,515 +546,149 1,165,664

Mortgage 284,508 219,749 504,257
Other debt 3,134 -3,080 54
Total debt 287,642 + 216,669 504,311

I am now 94.8% on my way to achive my FIRE target of CHF 1,200,000. This is 0.2 percentage points closer, compared to the last net worth update.

CHF 1,137,249 FIRE target: CHF 1,200,000


94.8%

FI portfolio

My FI portfolio now consists of CHF 851,337 (74.9%) in investments, CHF 127,944 (11.3%) in retirement accounts, and CHF 157,968 (13.9%) in cash.

Investments

Since my last update, my investments decreased with CHF -1,913 (-0.22%), of which CHF 10,000 was from contributions, and CHF -10,703 was from returns.

Since I started tracking, my total contributions have been CHF 326,898, and my total return has been CHF 147,031.

Retirement accounts

Since my last update, my retirement accounts decreased with CHF -1,704 (-1.31%), of which CHF 588 was from contributions , and CHF -64 was from returns.

Since I started tracking, my total contributions have been CHF 26,958, and my total return is CHF 35,611.




How much can I withdraw according to the 4%-rule?

If I quit working today, my monthly pay out would be CHF 3,790 for the rest of my life.


Monthly SWR amount
Retire today with (CHF)
3,790/month
(4.0% SWR)
3,316/month
(3.5% SWR)
2,843/month
(3.0% SWR)


When can I retire?

FI date

January 2024

My age

38

I am currently aiming to save/invest approximately CHF 6,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of CHF 1,200,000 in -1 years and -3 months, in January 2024, and at that time I will be 38 years old.

By that time I will have invested/saved another CHF 30,000, while the rest will be return on my existing FI portfolio and the new investments, in total CHF 32,751


Financial independence forecast