Wealth update – 30/11/2021

Deposit drama

We finally got a payout from the ex-landlord of £2,500 + fees we paid to start the court claim (they failed to protect our deposit within 30 days of receiving the deposit payment). We ended up settling and it didn’t get to court. I’m very happy about this outcome.

Health

Last month I said I might be allergic to something which was causing my cough. Turns out all the tests were negative and I’m not allergic to anything. So… it’s just some sort of sinus inflammation and I’m taking a nasal spray to alleviate the symptoms and that’s been working really well.

I suppose it’s good to know there’s nothing wrong. 🙂

Personal and new home(s)

As I’m now single, I’ve moved to a flatshare and am renting a small single room. This is intended to be temporary. I am also in the process of buying a two-bed flat – my offer has been accepted and mortgage approved, it’s just the legal stuff that now needs to be done. I expect to be in my newly bought home earliest in February 2022 but it can easily end up in March as well. The majority of my LISA is now in cash as it’s there to pay for my 20% deposit.

There will be a large drop in the wealth chart when I buy the property as the majority of the LISA will disappear. I have decided that I will not include my property in the net wealth charts as my home is not an investment.

Counting my beans

November was a very good month for my portfolio. My net worth as of 30/11/2021 has reached a new all-time high of £351,531 – it’s an increase of £55,617 or +18.8% from the end of October 2021. I increased my wealth by almost my annual gross salary (of £55,900) in one month. 🙂

My EIS holdings had another crowdfunding round and the share price increased by 145% creating £21K of gains. Taking risk is paying off as I originally only invested £2,000 and received £600 back via EIS tax relief. This investment is now worth £35K+.

The above results are after I made a £1,633 GIA top-up, £452 pension top-up (deducted from salary + employer contribution), and added £350 to my cash reserves.

Wealth update – 31/10/2021

Deposit drama

Things are happening. We first got a letter from the county court confirming the date for the court hearing (early December). The same letter was sent to the estate agent as well.

Shortly after, we received the very first email from the landlord/estate agent making an offer to settle the case out of court. It seems having a confirmed court date is when it got real for them. They may have thought that it will take the court many months to actually get around to dealing with this…

They made a low ball offer + our costs so far to settle, which we rejected. We asked for a larger amount (around + £500) – which is always worth doing as it’s a simple email that could earn you a bit more quite quickly.

They agreed to the bigger amount but said it is inclusive of the fees we’ve already paid to start the claim. We rejected their second offer and are staying firm with what we want i.e. the larger amount + the fees paid so far. I’m waiting for a response now.

I’m quite happy to take this all the way to the court hearing as I think this will be a good life experience as well… I’ve never been to court and the whole thing is somewhat scary. Who knows, this experience may become quite useful and maybe even empowering in the future.

Health

The antibiotics I got for my cough did nothing. So I saw my virtual GP again.

This time the GP gave me a referral to see a respiratory physician, which I sorted via my Bupa membership. Turns out, I am allergic to something – and this is the reason for my cough. I still don’t know what I’m allergic to… but hope to find out soon once my blood test results come back.

Personal

Sadly a very big thing changed in my life. My relationship with my girlfriend has ended and we have broken up. It’s a major downer but I have made my peace with this. I’m very sad we reached this point but that’s life I guess…

We have given our 2-month notice to our flat and are both actively looking for new homes. Neither of us has found something we’re happy with. It’s been a stressful month, to say the least.

Counting my beans

October was a big recovery month. My net worth as of 31/10/2021 has reached a new all-time high of £295,914 – it’s an increase of £41,381 or +16.3% from the end of September 2021. This is after me making a £1,648 GIA top-up and £452 pension top-up (deducted from salary + employer contribution).

Wealth update – 30/09/2021

Deposit drama

Not much progress here. I think we’re now just waiting for a letter to confirm our court date.

Driving license

I finally got my driving license back on the 13th of September. I posted my address renewal application (with my original driving license enclosed) on the 21st of June. Therefore it took almost 3 months. I guess this is good enough for government work.

Health

There’s been very little progress here. My cough is still ongoing. I was prescribed some antibiotics (after a GP consultation) and after 5 days of taking them things didn’t change much.

So, today I had another virtual GP consultation and was referred to a respiratory physician, even though the GP said my cough will probably just go away on its own.

She might be right, but the thing is I’m getting worried. The cough has been lingering on for 7 weeks already… This type of thing is out of character for me as I usually bounce back from a cold etc quite quickly. I’m unable to live my life normally and I just want to put this annoying cough behind me.

I also got my normal flu-jab a week ago.

To top it all off I also went for an eye check at SpecSavers earlier this week. This is because work provides a voucher for this once a year – therefore the eye check was free for me (costs £30 out of pocket).

I didn’t have anything to complain about my eye health but figured it’s been around four years since my previous check. The good news is that my left eye has perfect vision but the right eye was a little bit worse in terms of my vision. However, in summary, my vision is very good and I don’t need glasses. No other problems were identified either. So, that’s all good.

I felt a bit dumb doing the eye check… I mean ultimately, there’s nothing wrong with me. However, I’m glad I did it as it’s good to know that my eye health has not deteriorated in the last four years.

Counting my beans

September was a negative month. My net worth as of 30/09/2021 was £254,532 – it’s a decrease of -£29,278 or -10.3% from the end of August 2021. This is after me making a £1,633 GIA top-up, £452 pension top-up (deducted from salary + employer contribution) and £575 top-up to my cash balance.

This drop is the largest I’ve ever had in terms of a monetary amount… however I feel OK with this. It can’t always go up and pullbacks are expected.

Wealth update – 31/08/2021

Another month, another update.

Deposit drama

It seems I posted the court claim and paperwork/evidence to the correct address. Yay!

A few weeks after posting it I was contacted by somebody from the County Court to take payment of £308 to process my claim against my previous landlord. Three weeks later I got something in the post confirming that the case “has been issued under Part 8 of the CPR”. The previous landlord now has 2 weeks to respond (ends next week) and then I suppose I will need to wait until the actual court day.

It’s all taking longer than I thought… but I guess that’s good enough for government work.

Driving license

As I moved house at the beginning of June, I had to renew my driving license – it’s not allowed to have a wrong address on it. I was not able to do the address update online because the identity verification process did not find my brand new UK passport (which I got in April when I became a British citizen).

So, I had to use the paper form and post my original driving license off to Swansea. You may have read in the press about massive delays in processing times at the DVLA. I posted my stuff on the 21st of June and currently – 10 weeks later – they are processing stuff that was received on 18th June.

It may take a few more weeks I suppose…

I got a raise

I had my half-year appraisal and walked out with a £5K raise (9% increase). I didn’t expect a raise and didn’t ask for one. My manager started the meeting with “some good news” and I went along with it. Who am I to argue with a good thing?

They backdated the raise to take effect from 1st July. It’s nice to get paid more. 🙂

Health

This hasn’t been good. We’re both double vaccinated against Covid-19 but we’ve developed flu-like symptoms. Our symptoms are mild and nothing serious. I’ve had two PCR covid tests taken 6 days apart, which came out negative. My girlfriend’s PCR test was also negative. We’re feeling better now but continue to have a cough. We’ve been sick for about 3 weeks already. I think it’s very unlikely that all 3 tests were false negatives…

So, we’re unwell but not with Covid. I guess that’s the glass half full way to look at it.

By the way, it’s now possible to register for the normal flu-jab via Boots, which we’ve done. Our appointments are towards the end of September. I noticed some inflation here, last year the jab cost £13.99, this time it was £14.99 – that’s +7%.

Counting my beans

August was another positive month. My net worth as of 31/08/2021 was £283,810 – it’s an increase of £34,017 or 13.6% from the end of July 2021. This is after me making a £1,620 GIA top-up and £492 pension top-up (deducted from salary + employer contribution).

It’s been a good month.

Jobs that will be in demand in the near future

I remember a while ago I wrote that if your job is to drive a car/truck/bus (cab/Uber etc) then you need to start looking for another career really fast. Full-self-driving will become a thing sooner than you think. Ignore the news about the lack of drivers (due to Brexit) to move goods to our supermarkets – that’s only a temporary problem.

So, I did some thinking to put together a list of industries/jobs, which I think will probably do well in the future (in the UK):

  1. Anything to do with heat pumps. There will be huge demand as the UK aims to be more green and energy efficient etc. There’s hardly anybody able to do this sort of work these days.
  2. Solar and wind energy production. Similar reasons as above – we’re all going green.
  3. Technology – quite predictably – AI, machine learning, data analytics etc. This one isn’t really for the masses as this is hard work and only for the curly-brained ones.
  4. Games – developing PC/console/mobile games will grow. Have you ever heard of eSports – it’s bigger than you think? However, salaries aren’t as good in gaming as in other areas of software development.
  5. Electric cars and charging infrastructure – because Elon says so! Don’t bet against Elon!
  6. Nurses. The UK needs more nurses. However, salaries and working conditions/hours aren’t great.

Personally, I’m thinking about pivoting into technology – AI and stuff.

Good luck!