Wealth update – 30/04/2021

It seems that my blog is becoming a collection of my monthly wealth updates. Here goes April 2021:

New skills/studying

I have made little to no progress with my software development course in April as I had a two-week training course at work and needed to finalize a lot of work before going onto said course. I’m sure I will be more productive in May.

Looking for a new home

We have given notice to our landlord and are now looking for a new home to rent. Reasons why:

  1. We do not like the area – too many homeless people and anti-social behavior
  2. We have pests living in the flat – a family of mice and a small army of ants
  3. The bins aren’t collected/emptied often enough and as a result, the front of the building often looks like a tip
  4. no physical separation between the living room and bedroom – not great when both of us work from home and have many video conferences

Counting my beans

April was a positive month for my portfolio. My net worth crossed over the £200,000 mark several times and then dipped down again over the last 1-2 weeks. It’s a bit disappointing that I ended up below £200K this month.

My net worth as of 30/04/2021 was £198,107 – an increase of £24,528 or 14.13% from the end of March 2021. This increase includes a £1,600 GIA top-up (left in cash until 4th May 2021), £411 pension top-up, and £50 was paid into Premium Bonds. I also found an old investment policy worth circa £994, which I added in as a contribution of £994 (as otherwise, I would’ve needed to update the entire time series of my net worth, which is a lot of work and not worth doing).

New tax year actions

On Tuesday 4th May 2021 I will sell my GIA holdings and re-invest them into my “normal” portfolio (this is due to the 30 day CGT rule where sales and purchases within 30 days are matched for the purposes of CGT calculation). The current GIA is in a “similar” portfolio to the one I want to be invested in – the plan was to hold this for about 30 days and then switch back to normal.

I also expect to receive my £1,000 LISA bonus, which needs to be invested, some time in May.

OK, have a good Bank Holiday weekend!