October sales Vardia Insurance Group

Vardia Insurance Group presented strong sales figures for October this week, 11th November. The total new sales in Sweden, Norway and Denmark in October were 106.4 million NOK (66.4 million NOK) which is an increase of 60.2% from October 2013. Norway contributed with 59.4 million NOK, Sweden with 43.3 million NOK and Denmark with 3.6 million NOK.

For me personally it's a bit under my estimation since I expected total sales for fiscal year 2014 to be 1112 million NOK. I really thought sales for October should have been around 113-117 million NOK with Denmark contributing with atleast 9-10 million NOK to the sales. It's no panic yet about the numbers for my forecast, but it would have been nice to be on the right side. To get my sales forecast of 1112 million NOK Vardia has to close business of 252 million NOK in the two upcoming months, which I think  could be hard because of christmas holidays.

Since Denmark was a disappointment I really hope they are steeping up now for the last two months of the year. If they do I am sure Vardia will show profit for at least some month this year and the concern about the cash problem will go away and we could see a more normal valuation for Vardia.

Here are the actual sales for 2014 up to October (rounded),

I also bought some more companies, Mc Donalds (MCD) and Protector Forsikring (PROTCT). Mc Donalds for a price of 95.3 USD per share and Protector for a price of 36.2 NOK per share. More info and analysis will come in the upcoming weeks.


Over and out,

EWI

Budget

As I said in the last post will this be about my budget. I must say it is harder then I thought to do the budget, especially when I don't really have a clue what I am spending my money on (embarrassed).

Let's start with the confession part,

I went through the last month in my head and the credit card statement and realised that a lot of my money goes to eating out, partying and tobacco.  I could assume I am spending 700 euros on restaurants per month at the moment, insane amounts, then I could see around 250 euros on alcohol on average, 60 euros on snus (swedish tobacco), 100 euros on taxis and then the normal things to the household (rent, food, internet, telephone, insurance). All together adds up to my salary which is net approximately 2400 euros + benefits.. Something has to change and that's soon..

Changing the lifestyle,

First of all I will stop using tobacco, will be really hard but are something that will save me money and give me an healthier lifestyle. 

Next thing will be to change the restaurants visits. I must say that I'm really in need of those, both because of the social part and the time savings from not standing in the kitchen. The goal is to get this number down to around 300 euros, yes, a lot of money, but as I said I'm in highly need of restaurants visits.

Third thing will be the partying, alcohol and the taxi drives that goes hand in hand with this. This part will actually be the most easy one, I'm not addicted to alcohol and not a big fan of partying. I have actually an idea of being 100% sober, but that's a to big commitment to do at the moment, but we'll see in the future.

The last thing to cut costs is to see what I could do with the households expenses like Internet, insurance and telephone. I'm sure I could save some bucks here as well, as said the goal is to put away 1000 euros per month.

A side note, my first real month will be in November 2014. I want to start the 1st of the month so I could be focused and knowing when I entering the second month that it's possible to make a complete month.

How does my budget looks like,

Expenses

Rent               -700

Telephone      -11

Food              -80 

Restaurant     -300  

Clothes          -50

Travel             -100

Pocket cash  -40

Additional      -60

Total exp.:       -1341   

Income

Salary (net)   +2347

Food vouch. +180

Total inc.:        +2527      

Difference:      +1186

With this budget my goal of 1000 euros a month will be achievable and I even have some margin every month which feels nice. We will see in the end of November if I made the first month or not, I am really excited and motivated at the moment!

Next article will probably cover some of the stocks I am planning to buy or already have invested in.

Have a great time!

Regards,

Eighth Wonder Investing