It is that time of the month again, the time to present to you the May 2017 Cheesy Index! Let see how we did this month in increasing the ration between our net worth and our FIRE target number (which is under 7 figures in case you are wondering).
April 2017 Cheesy Index
We were pretty much at a stand still for May. We are up to 61.6%, that’s just 0.2% for the month. This is partially driven by the low savings rate and the exchange rates really hurt this month too. That being said, despite all these “setbacks”, we still moved ahead! Should be happy with that. There will be a time when we won’t see another increase, guess this is a nice mellow trial in “disappointing” results. Will have to get used to it at some point.
Exchange Rates Again
So, the pain continues. The exchange rate was CAD 1.516 by the end of May. Compare that to CAD 1.49 by the end of April and even CAD 1.42 by the end of March. That is now an almost 7% change in the wrong direction. But such is life and there will be more fluctuations to come.
On the other hand (I’m the glass half full type of guy), our net worth expressed in USD actually did increase by about 6% since March. Not that this is helping us in any way, but it’s fun to think about it 🙂
How was your May? Did your net worth or index grow too. Hope it was more than ours 🙂