Monthly Summary - September 2017

Monthly Summary

Okey, one month has passed and now is time to do the monthly summary.

During the past month the portfolio has grew nicely even though EUR vs USD rate has been negative to me. In the end no big changes in portfolio, only added some Olvi from the Nordnet campaign in the end of the month.Olvi is old company which has been selling mostly alcohol (beer, long drinks, etc.) and non-alcohol beverages to consumers in northern part of the Europe. So, in the end quite safe choice, like all of my stocks are :)

Portfolio

Total sum of the portfolio was today 16 876,48€, this means portfolio has grew during the past month around 2,3%. So, in the end solid month.

Looking forward

Hopefully the EUR vs USD rate will stabilize or other wise I need to start buying more USD rated stocks :) Please also, check my new site www.freedomsearcher.com There you can find more post about personal finance, investing and my personal portfolio.

Regards,
Matt

Money Management – Money Challenges of Today's Youth

We are living in 21-century but most of the old money laws still apply. So, what “old” laws I would like to tell to my kids or relatives who are soon turning 18? What are the money problems or challenges of today's youth?

Here is a list of things which come to my mind. Let’s say, I would be today a very rich man if someone had told these things to me 25 years ago.

Education

Many of today’s millennial's don’t have any common understanding of money. It is frustrating that they don’t teach any personal finance skills in school and it’s even more frustrating if the youngster does not get this very important education from home.

Budget Plan

They have never make any budget what comes to money. They just spend without knowing do they have money to buy stuff or not. This will lead to problems mainly because the interest rates in credit card loans are beneficial for lender not for you!

No goals or destination

It is common that they spend every penny they have. They don’t have any investment plans or goals. For example, they will have 50k$ in stocks when they turn 40 or they 50% left of mortgage.

Time

They think time is on their side and they can start saving a little bit later. Unfortunately, it is another way round due to compounding. Start saving today and invest this money, by doing this you will have much more in the future.

Lack of Knowledge

They will invest into very risky businesses and lose their money. It is true that risk and profit goes hand in hand. So, please remember the diversification. It’s your free lunch.

So, let's take care of our youngsters. Please try to teach them the money management ABC's. I know, it will be hard and painful, but hopefully they will thank us later. :)

Regards,
CVM

please also check my new site:

www.freedomsearcher.com