Just a quick net worth update for July 2020.
On the 1. August my total net worth stands at 18 948.9€(+5.24%)
Passive income 47.12€
In July I withdraw 500€ from the Mintos marketplace. The remaining loans are almost all late. Mintos generated 7.5€ interest and shows me net annual return 11.41%.
On the last day of July after I got dividends, I sold all my HAE1T at 4.6€ making me a 33% profit from the sale + 20€ dividends. I also sold my position with CPA1T at 1.09€ with a loss of 9%.
I would be able to buy HAE1T back at 4.30€ and CPA1T at 1.07€ at the moment, but I think after a few months will be better entry spots. Probably start buying small amounts when prices start dropping.
Dividends received: HAE1T – 20€ and TSM1T – 20.13€
I am a long term holder, but it seems stupid not to sell at almost all-time high prices and not to buy back in when prices go lower.
In July I put another 200€ into NHCBHFFT and now I am holding 1000 shares. Baltic Horizon fund announced quarterly dividends and the payout will be reduced by 50% again this time.
Bank savings account
Currently have 11 230.33€ in my savings account. In July received 4.52€ interest from it.
It has been an amazingly good month in crypto world in July.
My portfolio jumped 1000$ during the month. Thanks to Bitcoin jumped over 11 000$ and after I sold all my Bitcoins at 11k$ I bought and sold ETH for a couple of times, but it turns out I would have been better of just HODLing.
Right now I hold 6 ETH and around 10 different altcoins that are very cheap.
I also have some alt coins in Binance and offline wallets, but they are not worth not more than 200$ combined at the moment so I just not include them here right now.
Total passive income
I started tracking my total passive income from January 2020 and right now I am holding dividend-paying shares, the interest-paying fund, opened a savings account, and hold a small portfolio in the Mintos P2P marketplace. The total passive income in July was 47.12€ (317.36%).
47€ will buy me full tank of premium petrol in Sydney, Australia.
On the 1. August my total net worth stands at 18 948.9€ (+5.24%)
Steady net worth gains are better than no gains. And I haven’t really been frugal while saving money. I just try to be reasonable..
Recorded the best month with passive income in July. Quite happy about it.
Did not save too much money from the work I did in July because I had fewer work hours in general and I am seeing that I will have reduced hours in the future as well. With these uncertain times I need to make sure that whatever happens, I will have some kind of income. The best time to invest is when others can’t.