• net worth updates

    Net Worth Update July

    net worth update july 2020

    Just a quick net worth update for July 2020.

    Quick overview

    On the 1. August my total net worth stands at 18 948.9€(+5.24%)

    Passive income 47.12€

    Mintos

    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%.

    Mintos overview

    Stocks

    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 TSM1T20.13€

    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.

    stock portoflio

    Equity funds

    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.

    equity funds

    Bank savings account

    Currently have 11 230.33€ in my savings account. In July received 4.52€ interest from it.

    Cryptocurrency [AUD]

    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.

    cryptocurrency portfolio

    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.

    passive income July
    Passice income July

    Net Worth

    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..

    Summary

    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.

  • net worth updates

    Net Worth Update June

    net worth update june 2020

    Where did June go? Anyone still here? I hope you guys find the way back to my blog at least a few times a month. I have repeated a sentence “consistency is the key to success” all over, again and again, to keep myself disciplined to post at least 2-3 times a month and started a side hustle too. Hit a subscribe button to get notified with the new posts. I will not spam anything else. Because I hate spam posts too.

    I also started an r/networthgainer at reddit.com. A community dedicated to gaining wealth. Budgeting, investing, trading, economics discussion, side hustling, and passive income. Ask for feedback for your project/website/blog, or build a team to make something together. You are all welcomed to join to make it an active subreddit.

    In June I achieved one of my 2020 goals to have at least 10 000€ in my emergency fund.

    Now that I have achieved this goal I shift my focus to building additional income streams through side hustles. For example, I started a Youtube channel: Dash Cam Weekly, currently have 6 videos and roughly 800 views. It is my first ever Youtube channel. To get monetized on Youtube I will need at least 1000 genuine subscribers and 4000 hours of watch time. I am at 109 subscribers and 44 hours at the moment. It is completely free to produce content and takes about 1-2 hours to do a video, but there is a lot of competition to get an audience, but CONSISTENCY IS KEY TO SUCCESS, and I am dedicated to making at least 33 videos and hopefully gain traction along the way.

    Now let’s start with net worth update

    Quick overview

    The total amount saved in June €1378.63 (-37.72%) Invested: + 150€ in equity funds +400€ in cryptocurrencies On the 1. July my total net worth stands at 18 005.43€(+8.2%)

    Mintos

    It took a whole month to get back 4 loans. Received 7.15€ in interest payments.

    Now almost all loans in my Mintos lending portfolio are overdue by now. I stopped giving out loans at the end of February. It has been 4 months. I should theoretically have most of my money back by September. Well, that is what I am hoping for.

    Yes, crowdfunding was good until Covid-19 happened. Is anyone else also investing in Mintos? Are you still give out loans or did you exit already?

    My strategy is to exit crowdfunding for now and put this money into dividend-paying stocks.

    mintos referral code
    Mintos sceenshot

    Stocks

    Happy to see green numbers in my tiny stock portfolio. HAE1T also announced a dividend payout of 0.14€ per share.

    I did not acquire anything in June and I didn’t receive any dividends.

    my stock market portfolio
    My stock portfolio June 2020

    Equity funds

    I bought 150€ worth of NHCBHFFT shares in June. Lowered my average purchase price a little bit. It will nice to receive a slightly bigger dividend payout next quarter.

    I didn’t receive any dividends in June.

    equity funds
    My equity fund portfolio

    Bank savings account

    10454.7€ in my bank savings account mean’s I have reached my 2020 goal to have at least 10 000€ in my emergency fund. I am holding it on easily accessible savings account on 0.75%-1.25% percent interest every year. This month I got 4.14€.

    This is enough to cover 12 months of basic livings costs for me. It is easier because I share my apartment and we split most of the bills.

    Cryptocurrencies [AUD]

    In June I put some more money in to make trading more fun. Had few good trades making 40-60$ profit per trade. At the end of month had to take some loss to buy in back cheaper. Learning to trade is fun. 2500$ is about max I am willing to trade with. I am long term believer in cryptocurrencies. If I get “stuck” in a trade then I am okay to HODL (hold for long time).

    coinspot referral code
    My cryptocurrency portfolio at Coinspot

    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 May was 11.29€(-23.66%).

    11€ will buy me 4 cups of coffee in Sydney, Australia.

    Passive income June 2020
    Passive income June 2020

    NET WORTH

    On the 1. July my total net worth stands at 18 005.43€ which s 8.2% gains comparing to 1.June.

    It is 99% from active work, but overall it does not really bother me. Right now it is important to have a ball going and start picking fruits after a few years.

    my net worth june 2020
    My net worth June 2020

    Summary

    It has been a year since I started documenting my net worth.

    I have come from 1000€ to 18 000€ in one year. I actually haven’t been really frugal to achieve this. But at the same time, I haven’t really bought myself anything expensive. I have a 10-year-old car. 2-year-old phone. The last time I bought clothes was like 4 months ago. The last most expensive thing I bought was earphones that cost me 300€. But other than that my top 5 expenses are:

    • Rent
    • Food
    • Fuel
    • School payments (for my visa in Australia)
    • Electricity & Home internet

    And to be honest. I don’t miss anything a part that I miss freedom. To be my own boss and having a schedule as I want. To have time to travel around the world without having any restrictions.

    But now in 2020, it is another type of world. Where freedom is an illusion and can be taken away by authorities whenever they please. Disguised as taking care of our health.

    I hope you found it easy to follow this post and do not forget to subscribe to my blog to get notified when there is a new blog post.

    Be well and thank you for visiting net worth gainer!

  • net worth updates

    Net Worth Update May

    net worth update may 2020

    Time to take May into pieces. Stock markets have been bounced back and it seems like fear of coronavirus has been faded a little bit and new “thing” came up called “Black Lives Matter”. Of course, it matters, so do any life. And lately, someone started to run “Start Investing” advertisements all over the radio stations. I think there was a good time to do some changes to the portfolio in March. Who bought stocks in March are now most likely able to make a profit from it. My strategy is still to acquire savings and only buy very small amounts of shares as I am still figuring out my way at investing and I think the regression has not even started yet. So better have some cash ready to hop in when the prices are right. Let’s now get to the business and start with the net worth update.

    Quick overview

    The total amount saved in May €2213.92, added + €370.30 into Bitcoin and on the 1st of June 2020, my portfolio stands at €16 626.80

    Mintos

    Mintos has been doing suspicious things lately and it makes me a little worried. Sometimes the numbers do not add up:

    Mintos overview, mintos referral link
    Mintos showing wrong numbers on its statement

    And many of the lending companies listed in Mintos has stopped paying, half of the loans are overdue and grace period which supposed to be up 2 days is now a week or even more. I stopped completely deposits and investments in early March. I am slowly getting my money back, but what we are learning now is that there is no quick way out unless you are one of the first ones to withdraw your money.

    mintos referral link
    My Mintos portfolio on 1st of June

    Stocks

    By the end of May, stocks have been rebounded fairly and my small stock portfolio gained roughly 100€ in its value. I did not buy into any positions in May.

    baltic stock market, stock portfolio
    mStock portfolio

    Funds

    I am currently holding a position in NHCBHFFT since 12.2016 and so far I have earned a total of 108.98€ interest. They pay it out quarterly and this month I have earned 9.08€. I reinvested this dividend and now hold 613 shares. Baltic Horizon fund cut its usual dividend by roughly 50% in the first quarter of 2020 due to COVID-19 and unknown circumstances around that. I agree with the managers of the fund and it is better to have some backup money on the fund account.

    equity funds, baltic horizon fund

    Bank savings account

    Currently, I have  €9854.98 on my bank savings account. That means I almost achieved my this year goal to have €10 000 on my savings account. In May, I put an additional 1805.46€ into my savings account. I also earned 0.71€ interest on it which is not much, but passive income is passive income.

    Cryptocurrency [AUD]

    I have put some money into cryptocurrency as the Bitcoin halving is on the was in the middle of May and I am speculating that it will be a good investment in the long term. I did one successful trade as well sold all my bitcoin at the price of 14800$ AUD and bought back at $13902.02 AUD making me profit 84.52$ AUD.

    net worth of my cryptocurrency portfolio. Coinspot crypto exhange
Bitcoin halving, bitcoin, ripple
    Cryptocurrency portfolio overview

    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. Total passive income in May was 14.79€.

    It may be not much but if I am consistent it will grow over the years and eventually I would be able to pay for my living costs from the passive income I get. For 14€ I would be able to pay for my monthly mobile recharge.

    Passive income May 2020
    Passive income May 2020

    NET WORTH

    For me, tracking net worth is really motivating. Knowing that you have a financial fortress behind you and having a month or two off from work will not be a problem. I started just with having ~1200€ on my name in June 2019 and currently, I am sitting at  €16 626.80 I don’t count my car, my phone, and other personal belongings in my net worth. I do not have any dept/loans on my name.

    net worth, savings
    Net worth update May 2020

    My net worth is a sum of:

    • Value of the shares I own each month and cash sitting on the investment account
    • Value of my savings account + cash
    • Value of the Equity funds I own
    • Value of my crypto portfolio
    • Value of P2P lending portfolio
    • Value of the SUPER/PENSION FUND
    • MINUS all dept/loans (which I do not have)

    Summary

    Some of you might think that the way I am going with my savings and investing is too slow and boring. Well, I think the same. I am actually looking to accelerate the progress and started my first Youtube channel and you might be interested to look this out: https://www.youtube.com/channel/UCiewl1Xe02D2Vxfx202cfSA

    Billionaire George Soros (actually I do not like him because of his reasons to do things) once said: “First million is the hardest, after this, it will go easier” And I also think saving first 1000€ was harder than saving 1000€ now, passive income and other small things are helping on the way.

    I have one rule when I am investing my money and this rule is NEVER LOSE MONEY

    It is really important for me to write this blog because it is really giving me a boost and motivation for the month to come because seeing the progress in beautiful charts and graphics is motivating.

    By the way, I am using an excel spreadsheet to track my spending and income. You can have it too, simply follow this link.

    I hope you guys enjoyed net worth update May and please subscribe to this blog to get notified with further updates.

  • net worth updates

    Net Worth Update March-April

    personal finance blog, net worth update

    Welcome back! Its been 2 months from my last net worth update, and this time I summarize March and April together. I hope you are all well and healthy and able to move towards your goals whether it be getting into better shape mentally, physically, or financially.

    Quick overview

    Overall I’ve invested additional 950€ in March and April

    By the 1st of May 2020, my portfolio stands at €14 412.88
    I’ll break it down below:

    Mintos

    I completely stopped deposits and reinvestments in my Mintos portfolio in early March due to COVID-19 and the restrictions. I feel like P2P lending might not be so safe investment when times are not that great. In about 2 months I have got back about 1/5th of my investments. 90% of my loans in Mintos are not longer than 3 months so theoretically I should have 90% of my investments available on my account in about 3 months.

    mintos overview
    Mintos screenshot

    In March Mintos generated me 6.53€ and in May 11.04€ passive income.

    Stocks

    Stocks have been interesting and when the prices go lower I am in buy- mode. I did buy into quite a few positions in March: Bought some more HAE1T and opened positions in TAL1T and TKM1T

    my stock portfolio

    I also received dividends from TKM1T total of 7.3€ landed on my bank account in April.

    Funds

    I am currently holding a position in NHCBHFFT since 12.2016. I did buy some more shares on a 1.1€ mark and lowered my average purchase price a little bit. As of 1. May Baltic Horizon Fund announced dividend reduction and will pay half as much as it usually does. Still happy about this investment and looking forward to increasing the share amount in the future. It is my only real estate/commercial rental property investment in my portfolio.

    equity funds

    Bank savings account

    Currently, I have  €8,049.52 on my bank savings account. In March and April, I put an additional 1532.24€ into my savings account. In April I also earned 3.12€ interest.

    Cryptocurrency

    Since March I have put some money into Bitcoin as the Bitcoin halving is on the way in the middle of May and I am speculating that it will be a good investment in the long term.

    bitcoin price

    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. Total passive income for March was 6.59€ and in April it was 21.46€

    passive income

    NET WORTH

    For me, tracking net worth is really motivating. Knowing that you have a financial fortress behind you and having a month or two off from work will not be a problem. I started just with having ~1200€ on my name in June 2019 and currently, I am sitting at  €14 412.88. I don’t count my car, my phone, and other personal belongings in my net worth. I do not have any dept/loans on my name.

    my net worth

    My net worth is a sum of:

    • Value of the shares I own each month and cash sitting on the investment account
    • Value of my savings account + cash
    • Value of the Equity funds I own
    • Value of my crypto portfolio
    • Value of P2P lending portfolio
    • Value of the SUPER/PENSION FUND
    • MINUS all dept/loans (which I do not have)

    Summary

    By the way, I am using an excel spreadsheet to track my spending and income. You can have it too, simply follow this link.

    Crazy times we live in and I hope you do not buy into the propaganda that has been released. I really think that there is something more than Covid-19 going on right now behind the scenes. I think all this reminds us that we need to be more self-sufficient and independent. Perhaps grow more of our own food, take more care of our body and mind.

  • net worth updates

    Net Worth Update February

    This is the first entry for this blog and I’ll begin with a post that encapsulates the soul of the blog: Net Worth Updates stating what kind of investments I have made during last month, my reasoning behind them and some numbers showing how well my investments have performed during the month.

    As it is the first month I am ever doing this, there’s not much data to put into nice-looking informative charts. But I’ll still try my best.

    Quick overview

    Overall I’ve invested +€800.00 in February
    +€500.00 in stocks
    +€300.00 in P2P lending

    By the 1st of March 2020, my portfolio stands at €11 596.16
    I’ll break it down below:

    Mintos

    I have been investing with Mintos for quite a long time now and it has been steady passive income for me for nearly 3 years. I have previously withdrawn most of the portfolio to relocate back to Australia so now I am rebuilding my investment portfolio in Mintos and aiming to have 5000€ on the platform by the end of 2020. Currently, I am sitting on 1322.33€

    In February I deposited 300€ into Mintos and earned 6.85€ at NAR showing me 12.11%.

    passive income earned in Mintos
    Mintos screenshot

    As you can see I have NIL Defaulted loans on my name and total profit 690.36€. I have a quite clear strategy while investing in Mintos and I will break it down in a separate post.

    Stocks

    Stocks have been rather interesting in February thanks to my home bank now offering to buy, sell and hold stocks without any fees. I have to say that I got excited and bought small positions in HAE1T and TAL1T this month. All my positions are in red due to market correction. I do not worry because my strategy is to buy and never sell. My plan is to buy more when prices go lower. Regular investments are the way to go.

    Funds

    I am currently holding a position in NHCBHFFT since 12.2016 and so far I have earned a total of 99.47€ interest. They pay it out quarterly and this month I have earned 9.45€. I am very happy with this investment and I am planning to buy more shares when the prices go lower.

    Bank savings account

    Currently, I have  €6,517.28 on my bank savings account which normally pays out 1.25% interest, but this month I did not receive any interest because I did not meet the criteria to earn it because I made a withdrawal from my savings account. This month I added 650€ into my savings account.

    Cryptocurrency [AUD]

    Crypto has been rather interesting as well. I sold nearly 80% of my portfolio on 26. February. I did not manage to sell when my portfolio was at an all-time high with worth over 600$ but I believe a bigger dip is ahead. My plan is to buy back to my positions in BTC and XRP when the prices go lower. Yes, I am trying to time the market. Overall I have deposited into crypto 300$ that means I am currently 125.68$ in profit with cryptocurrencies.

    my cryptocurrency portfolio
    Marked yellow, when I sold about 80% of my portfolio

    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. Total passive income for February was 16.34€.

    passive income

    NET WORTH

    For me, tracking net worth is really motivating. Knowing that you have a financial fortress behind you and having a month or two off from work will not be a problem. I started just with having ~1200€ on my name in June 2019 and currently, I am sitting at  €11 596.16. I don’t count my car, my phone, and other personal belongings in my net worth. I do not have any dept/loans on my name.

    my net worth and earned passive income
    My net worth growth since June 2019

    My net worth is a sum of:

    • Value of the shares I own each month and cash sitting on the investment account
    • Value of my savings account + cash
    • Value of the Equity funds I own
    • Value of my crypto portfolio
    • Value of P2P lending portfolio
    • Value of the SUPER/PENSION FUND
    • MINUS all dept/loans (which I do not have)

    Summary

    By the way, I am using an excel spreadsheet to track my spending and income. You can have it too, simply follow this link.

    February has been an interesting month. All these Coronavirus fears have been hitting the stock market. My net worth has risen quite a bit in February mostly thanks to active income and overall I am happy with the month. Hopefully, I can take advantage of the recent correction. We will see what the future brings. Stay healthy and see you in the next post!