First off, thank you all for the well wishes on my post/tweets of quitting my job. The feedback, congratulations and tips/tricks for starting up a company are really appreciated! With all the excitement I almost forgot to write an update on the Cheesy Index (almost). So, before March is finally over, here is the February 2018 Cheesy Index.
February 2018 Cheesy Index
You might already have forgotten, but February was rather choppy in terms of the stock market. This had its impact on the value of our portfolio and wealth. To make matters worse, the exchange rates of the Canadian $ versus the € went into the wrong direction (again!). It’s not really a surprise that the Cheesy Index also did not really move much, heck it even went down! Albeit not by much, only 0.2%.
Here are the latest stats:
Cheesy Index Forecast
What to expect in the (near) future? Well we had our roof fixed (finally!), the final expenses where slightly under the quoted amount at about €1.180. A lot of money, but al least the final product is looking very good (and more importantly, it seems to work)! In the mean time we did see a slight decline in dividend stock portfolio, with another worsening of the exchange rate (how low can we go?).
On the bright side, Mrs CF got he annual bonus in March, real estate is still doing well and other than a broken car break (€180) and a broken dishwasher (still to be replaced), we had no major expense. There might be a slight chance that we are actually getting ahead again for March.
But once we go on our 9 week road trip in May/June and have the rental units insulated/stucco-ed in July, the Cheesy Index will definitely drop. The anticipated expense of the aforementioned are around €20.000. That is a heck of a lot of money! It will be spend wisely (at least we think so). But in the mean time, there will be a limited income (none for me and reduced income for Mrs. CF, as June will be partially unpaid for her too). Curious where we will end this summer in terms of the Cheesy Index.
However, there is some light at the end of the tunnel, as we will have one of the rental units assessed because of the sale to family. We have a sneaky suspicion that it might be worth more than we have accounted for. The other rental property next door would likely also be worth more. To be continued!
How about you? Did you go forwards or backwards?