After a grim September, October has been a much better month, and as a result of this, plus the deposits I have been making into my ISA, the value of my FIRE Engine has passed the £200,000 mark, and is currently worth £200,491.62
It has taken quite a while to get there (I started in 2002), but it has only been the last three years that I have been adding serious amounts of cash into the fuel tank to allow me to seriously accelerate the FIRE Engine.
The great thing is that due to the cash regularly being added plus the dividends I receive from the shares I hold, this acceleration will continue and the value continue to increase over the longer term (it may fall in the short term but I am looking at the long term), and although I am not investing purely for a gain in share price, it is still quite a good feeling to pass such milestones as it indicates how I am progressing to Financial Independence. Also, if I did achieve large capital increases I would be able to sell some of my shares to supplement any dividend income.
There is of course one downside to the market increase, and that is that as I pay more money into my ISA I will be able to buy fewer shares, and therefore receive lower income than I would have done at lower prices, so I don’t really want prices to soar to high until I start needing to take income out of my portfolio.