
Millennial Novice Investing: Month 3— Not a good month
Weak and Wobbly
Read the previous post before this one
or
June 2017 was a hectic time for the UK. The political situation was so volatile that I actually received an email from Wealthify basically saying “Chill out, don’t panic”.

The latter parts of June and beginnings of July were quite bad for my ISA, recording a shrink in growth overall. That meant that even though I’d invested £1,600 into it, it was actually valued somewhere around $1,590. Not great, but as the email says “Keep calm and carry on investing”, so I just left it and didn’t look for a few weeks (hence the lack of screenshot of the downturn in this post… my bad).
Recently though, the guys managing my account sold off some assets and invested elsewhere whilst the market was low and it has since picket up back showing some lovely green numbers.

This post was later than the usual monthly blog because I wanted to keep my mind off the fact I may be losing money during the downturn. I think this made me realise that monthly reports, whilst interesting, may be overkill when it comes to long term investing.
As I stated in my first post, I’m in this for the long run. Several years at least. Therefore, instead of writing monthly updates about the ISAs value, I’m thinking of moving to quarterly reports.
Other Investments
I’m still looking out for other investment opportunities to supplement this. As stated in a previous post, I’ve looked into property crowdfunding as a possible avenue to go down. Another option is Peer to Peer lending. I’ve signed up to The House Crowd, a crowdfunding website which facilitates both property crowdfunding and P2P lending, but the minimum investment amount is £1,000. I’m not sure I want to dive straight in with that amount of money since P2P lending is quite risky, but in reality I’m only going to see decent returns if I put a large amount in. More on this in later posts I think.
Thinking about these investment avenues made me think about my situation at home. My partner and I bought a house in January with a fairly large mortgage lasting a number of years. Maybe the best investment we can make as a couple at the moment is to overpay our mortgage every once in a while to save thousands in interest over the coming years. The sooner we own the house outright the sooner we can let it out and move to our next place (this is so far off into the future I can barely imagine it happening).
The issue here is that I’m a lot more prudent with my saving than she is, so even though overpaying seems like a great idea, it wouldn’t be fair if it was all coming out of my pocket since the house is jointly owned.
Final Thoughts
- Check and report Wealthify fund performance less frequently
- Invest in P2P or Property Crowdfunding
- Invest in early mortgage repayments
