SIPP PROGRESS

Current Value (As at 8th November 2021) = £307,654including cash

Value at 8th November 2021 = £307,654
Target for 8th November 2022 = £359,355
Target for 31st December 2021 = £300,000
Value of SIPP at commencement of this blog on 1st August 2012 = £51,684.02.

Capital Growth is equivalent to 12.905%pa since Aug 2012 (not including monthly contributions and occasional deposits).


Saturday 6 November 2021

The Birthday Blog - 62yo on Monday 8th November

 It is that time of year again: the Birthday Blog!

The plan is to "retire" on my 66th birthday on 8th November 2025, as that's when I can draw on my UK Old-Age Pension. About 5-years ago, my plan was to carry on working for as long as possible; but - probably due to Covid - I've decided that I'm going to give-up full-time work at the earliest opportunity and enjoy living rather than working.  I've still the same blog photo: taken at the time of my 50th birthday - maybe this is the time to change it.

This time last year, the SIPP value was at £243,147 - the SIPP had made a terrific recovery from the depths of despair surrounding the impact of Covid, and I was confident about the coming 12 months.  As per the table below, the value of the SIPP at close-of-business on Friday 5th November was £307,654 - and increase of £64,507.
As £12,000 of that increase was my own monthly contributions, that indicates a growth of £52,507 or 21.59% - an absolutely brilliant result even if I say say myself.  


I've smashed my target value of £291,000 for the year, and I'm 2-months ahead of my year-end target of £300,000.  You may notice that I have reduced the number of holdings from 13 down to 10, and in doing so I've increased the value of my "plays". 

The above graph doesn't show the value of the SIPP but only the value of the investment holdings not including cash.  The reason for the recent uplift is that after a period of holding +10% of cash, I'm now fully invested.  

Having broken the target for the year, I will recalculate the target for 8th Nov 2022, and (based on the final value achieved for 2021 on 31st December) will recalculate for the year ending 31st December 2022.