Project 1000: August 2018 – 915 Days to Freedom

Welcome to the latest Project 1000 update! This is where we share the progress of our 1000-day journey to freedom once a month.

New readers: If you have not read our plan yet, I recommend you do so now and then come back here. 

Overall Goal

July 2018 was an ok month for us. Investment-wise it was wasn’t very exciting, but it is nice to see that we are getting closer to our 1000 day goal every month. We didn’t receive any shares from our employers this month, and we didn’t buy any shares either. We both received our Super contributions in our accounts and we added our regular savings to our cash pool.

All up, we got 1.3% closer to our 1000-day goal in July. Nothing to write home about, but we are happy with the progress we are making.

Now let’s have a look at the individual buckets that make up our total goal:

Our Flamingo FI nest egg grew from 50.1% to 51.8% of its target size over the last month. Slow and steady wins the race!

Flamingo FI

I’m glad we sold our last individual Australian shares last month to offset some of the capital gains we made during the last financial year. We have a nice stash of cash sitting in our high-interest savings account (if you call 3% high interest…) that is ready to be invested.

The only shares we now own are our employer-sponsored shares on the NASDAQ. They did very well again this month and I’m happy we decided to hang on to them for now.

This is what our current asset allocation looks like:

The percentage of the Super part of our nest egg is slowly getting smaller, which is what we want. The cash component is almost where we want it to be and very soon we’ll use it to add property and LICs/ETFs to the mix!

Thanks for reading! See you back here for next month’s update!


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