Although the equities markets recovered slightly towards the end of August, this did not completely offset the sharp declines experienced when the US-China 'trade war' became more intractable earlier in the month. Therefore, my geared stock portfolio and superannuation (which is mostly invested in Australian and International share markets via the Vanguard High Growth fund) investments declined by $11,061 and $10,163 respectively.
The net value of my geared stock portfolio continues to reflect the ~$2,600/mo of startup costs for my financial planning business that are being funded using my 'portfolio loan'. I haven't got any clients yet, but my goal is still to get a few clients by the end of 2019, and (hopefully) enough clients by the end of 2020 to at least cover the running costs of my home business. The major costs are the monthly fee to the AFSL ($1,150/mo), the monthly fee for Midwinter (admin) basic subscription (~$200/mo), and the costs of my uni studies (about $1,200/mo on average) and FPA and AFA memberships (~$100/mo).
The estimated value of my half of our home remained unchanged, as the local sales data was not updated last month, but the CoreData index of Sydney house prices showed a 1.5% gain during August, so it definitely appears that the decline in property prices has bottomed out after the two consecutive cuts in the cash rate by the RBA, and the introduction of personal income tax cuts by the Federal government.
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