No contribution this month because the taxman came calling.
This is only the second time I’ve missed a monthly contribution, both were related to paying tax. What I had to pay was around the same as a monthly contribution. Sure, I could set aside from distributions, but it seems easier to reinvest when you receive them and then just address tax from savings, or in this case the intended contribution.
The portfolio has grown to the size that annual tax is around a monthly contribution, and I assume that’s only going to keep growing. At some point it may make sense to quarantine distributions, but until it becomes an unmanageable amount, I’ll keep doing this.
Fairly nondescript month in the scheme of things. Very mild portfolio growth and nothing really else to report.
Until next month, stay disciplined!
Disclaimer: The discipline project is a personal endeavour and should not be constituted as a financial strategy that anyone should follow. It is more a study in repetition and shutting out the noise in pursuing a financial goal, than any focus on portfolio construction. If you’re a high net worth individual in Australia looking for financial advice, you should consider a high net worth financial adviser who can thoroughly assess your circumstances and provide a holistic wealth planning solution.
