In June, our cash balance crept up over $21k. The majority of this is in a savings account where we like to keep at least $20k. I also net out our cash with credit card balances since we pay them in full every month.
HOUSE/MORTGAGEIn June we made another big mortgage payment, reducing our outstanding balance by over $2,700. We should be completely done paying off the mortgage within 3 years, and to stay motivated I try to celebrate the small wins like when we hit new increments of $10k, $25k, or $50k. Homes in our neighborhood are now selling for well over $500k, so the estimate here feels conservative.
INVESTMENTSOur investments have not changed, shocker right? I met with some co-workers recently and compared investing styles and returns and they were surprised that even though I spend much less time than many of them on researching investments and trading, our returns are very similar (in some cases, mine were better).
I have a demanding job and rarely have time during market hours to focus on my portfolio. Since I don’t want to delegate portfolio management, a passive investing approach works best. I’ve used many different trading strategies but so far have not yet found a positive correlation between returns and the time I spend managing my accounts.