Wednesday, June 28, 2017

Personal Finance - Tips For My Kids




Hi,

Today I will talk about a little bit about kids and money. I have two young boys and time to time I have thought about this topic; How I will teach the 8th wonder of world, different between good and bad loan, and etc. to them. There are some rules about money which my parents taught to me, but nothing related to stocks and power of compounding. So, I want to give them a little bit smoother start if they want to have it.

I found an article about this topic and I decided to wrote my TOP5 list about the topics which are important to me as a father and which are the rules and hints I want to teach to my kids:

1. Value

The purpose of lesson 1 is to learn value of money. How much you get candy if you have one euro or one dollar; one candy or two candies or the whole bag of candy?
  
2.  Patience 
With a patience, I mostly mean power of compounding. I have already talk about this in my blog, but the idea is; use a little bit less today and get much more back in the future.

3. Be the Bank 

What is interest and how it will impact to future salaries and purchasing power. What is the difference between good and bad loan. 

4. Weekly Money

At some point, I will start to give weekly money to my kids. This will be the money they can use to buy something from themselves, candy, toys and etc. Also, I want to create a rule that at least 10% of this money will be saved. They will learn the rule; pay yourself first and then for others. 

5. Hard Way

Okey, this is a likely scenario for sure with some topics 😀 They just need to learn some aspects by the hard way.

This is like an additional topic, but it would be nice they want to read at least one book about investing and money. And if they would only read one book it would be: A Random Walk down Wall Street by Burton G. Malkiel. At least this was the "eye-opener" for me.

What will be your tips for your kids or what those were? Please share your ideas in the comment section!

Have a great summer,
Regards,
CVM

Wednesday, June 21, 2017

Personal Finance - Monthly Summary; June 2017




Monthly Summary

Hi all, it’s been a while since my last post. It has been quite busy spring time, mainly with work related topics and some home renovation things, so I haven’t had time to update the blog. Sorry about that one.   

The portfolio has changed a lot during past 3 months. Mainly because I have decrease number of KC shares and put more diversification to portfolio.

Portfolio in € 21th of June 2017

Portfolio Total Sum in June was 16 106,26 €. So, the increase from March has been +13%. This growth is mainly due to purchases not so much about stock price increase.

Portfolio in € 21th of June 2017
KONECRANES PLC                      120                      39,28 €              4 713,60 €
Nordea Bank AB (publ) FDR    43                        11,34 €              487,62 €
Intrum Justitia AB                       36                        31,82 €              1 145,58 €
Austevoll Seafood                     95                        8,01 €                760,56 €
Norwegian Finans Holding      93                        8,08 €                751,90 €
Betsson AB ser. B                       110                      7,78 €                855,65 €
Verkkokauppa                              136                      8,10 €                1 101,60 €
Hoivatilat                                       125                      7,93 €                991,25 €
Albemarle                                     14                        96,58 €              1 352,06 €
UPS                                                  11                        98,25 €              1 080,77 €
JCI                                                    26                        37,66 €              979,08 €
SCA-B                                              30                        6,589802716    197,69 €
PZE                                                   31                        30,08246683    932,56 €
Essity                                               30                        25,21137586    756,34 €
                                                                                      
                                                                                       Total Sum         16 106,26 €


This time I will not list the TOP and FLOPS. Mainly because so much has happened during this few months I have been away. The main TOP has been that I have purchased more stocks with my savings :)

LOOKING FORWARD:
The summer time will be quite busy time for me and I would guess that I don’t have time to investigate stocks. The main thing is that money works for me in the market.

Regards,
CVM