A lot happened in 2024, we had the European Football Championship in our own country, Olympic Games at our neighbors, P-Diddy was arrested, Trump was re-elected (Putin too, by the way)
But
,
we are here at GetQuin, so it's about finance.
S&P500 and MSCI World have performed hugely, BTC has reached new ATHs and suddenly everyone is talking about cryptos again. The community here on GQ has also reached some milestones!
I always like to read along and get motivated by your milestones!
What has happened and changed for me?
I've increased my savings rate and always diligently put aside surpluses (tracked by Finanzguru).
Of course, I also spent and consumed a lot (see post on Finanzguru Wrapped)
- I now ride a gravel bike and the bike + equipment + clothes was quite a lot of money
- There were also vacations, here I would like to warmly recommend Scotland to you all, great landscape and incredibly nice people.
Savings at TR were 2024: 13.568,87€ --- 1130,74€ per month
- Savings plans
- nest egg
- Watch purchase (still to come)
- Daily allowance
The total portfolio value at TR went from ~11.119€ to ~27.911€ (+16.792€)
I have "changed" my strategy to the extent that I save stump $IWDA (+0,2%) and occasionally invest in individual stocks or crypto with "fun money" when the price is right.
I have also tidied up my portfolio and removed positions. Only $COIN (-2,09%) has remained as a reminder not to do anything stupid and to think before you trade (bought IPO hype and was up 15 days in total)
I also want to take long-term profits with my cryptos and shift into $BTC (-1,53%) (I still have a larger position here $ADA (-1,69%) position that is not included in GQ).
So all in all, I am satisfied with 2024 and motivated to save even more in 2025!
Savings rates will be adjusted and $IWDA (+0,2%) and I am slowly noticing the compound interest effect (a 1-3% fluctuation in the portfolio suddenly makes more of a difference than last year)
How was your year? What has changed for you and how have you adjusted your outlook for 2025?
Feel free to write your opinions below. Have I forgotten anything or is there anything else that interests you?
Happy New Year to you all.
Kisses,
Larry
