The Quick Takeaways
This month savings rate: 59 %
This month leverage: 55 %
Rolling savings rate since February 2016: 56 %
Total value of portfolio: 652.000 DKK (99.600 $)
Years worth of annual expenses: 6.4
% Change since last month: 10,5 %

So What The F*** Happen This Month
The stock market has been REALLY gentle to me.
Allmost to gentle.
It worries me a bit. It is kind of to good to be true.
I made more money with my investments, than I did at my job.
And a 10,5 % change since last month is just insane.
Less Leverage
Because the market has taken such a huge jump. I have not invested that much this month. In order to stick to my 10 % cash allocation. The other months I have been leveraging 100 % no matter what the market did. This means if had saved 10.000 DKK I would borrow another 10.000 DKK. But that does not mean that I will invest all of 20.000 DKK. If the market had gone no where, I would invest 18.000 DKK and keep 2000 DKK in my cash cushion in order to be in 90 % equities, and 10 % cash.
This month I had to throw more than 10 % of what I have saved in order to keep my 10 % cash allocation. I managed to save about 13.000 DKK, and I needed to keep about half of that it in order to hit my cash allocation. I just think it would be absurd to keep 6.500 DKK in cash, but still be investing 19.500 DKK with the majority of the invested money being leverage.
I have only leveraged 100 % with the money that I did transfer to my investment account. Which was about 7.500 DKK. And that’s why my leverage is less than 100 % this month.
If I can keep my leverage at about 40 % or less, my rate of the loan will then only be about 1 %. If I’m between 40-60 % leveraged, I will pay 2 % in annual fees. And if I move above 60 % I will pay 7 %.
OUCH! I have no intention to do that.
My January Challenge
I tried to start 2019 with a little challenge.
A challenge where I tried to spend less than 1000 $ dollars for a month. And I failed. But what ended up as an average month (with about 60 % savings rate). Could have been quiet catastrophic I hadn’t had a laser focus on how I spent my money.
CPH FIRE MEETUP
I have finally got everything in order for the FIRE Meetup in Copenhagen.
It will take place in my rowing club (Roforeningen KVIK) the 8/3/2019 at 6 PM. Everybody is welcome so feel free to join.
The concept is that there will be a pizza waiting for you at 6 PM for the price of 100 DKK. I know, a pizza doesn’t cost 100 DKK, but the remaining money will be donated to The Ocean Cleanup. It was a demand from my rowing club that I needed to raise some money for charity, if I should borrow the club for free.
So MobilePay me 100 DKK to 25400183 if you would like to attend the meetup.
There will be some keynote people at the event.
Jacob Lund Fisker from earlyretirementextreme.com is going to be there. He is quite famous in this community. He is visiting some family in Denmark, and I convinced him to swing by our little meetup.
Then we have Pernille Wahlgren. She is not a typical FIRE lady. But she has made herself financial independent in relative young age, by investing in stocks. She is also getting quiet famous at the moment. With her “live & think freely” concept. Which I like. She runs the page PernilleWahlgren.Dk
And we will also have Sanne Fehmerling Kristiansen. Who runs the site passivindkomst.nu. Her concept is trying to make her whole family financial independent through passive investments.
I know all of these people from documentary made about FIRE from Danmarks Radio. It was called “Stå Af Hamsterhjulet” (Quit the Rat Race). And is definitely worth to watch.
Blog Posts This Month
3# and Final Update: Sub 1000 $
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