February 2021 Portfolio Update
Thursday 4th March 2021
Preparing for Higher Inflation
February was a volatile month! We saw some record market prices, with the S&P 500 and Bitcoin both hitting record highs.
We saw a small correction on the last day of February, but overall asset prices are rocketing - which is likely a reaction to the share amount of cash which is being printed by governments at the moment.
Inflation is the next natural symptom of printing money, and there are signs that it is starting to kick in. Noticing prices going up yet? Petrol prices are certainly on their way up, and with the VAT rate going back to 23% in March, no doubt more prices will be on their way up. Unfortunately, inflation is the only real way out of negative interest rates. We will see prices rise, and then interest rates rise as a result because that will be the natural way to stop inflation.
This will likely have a negative impact on the share market but as always, there is no real way of knowing - so for now, just keep cost averaging in!
February 2021 Portfolio Report
It wasn't the best month for my own Forex Trading, but I will take a small loss on the chin and learn from that. On the Peer to Peer lending side, I finally sold out of Crowdestor (using their secondary market), thus the loss there. Our rental property had another solid month - the property is yielding close to 1% per month, which is fantastic. The tenants are very happy with the house and its a win:win all around.
| Portfolio Summary (as at 28th Feb 2021) | |
|---|---|
| Opening Balance | €131,703.64 |
| New Contributions | €4,000.00 |
| Portfolio Capital Gain + Income | €756.90 |
| Closing Balance | €136,460.54 |
Monthly Portfolio Growth Report
| Monthly Portfolio Growth Report | |
|---|---|
| Capital Gain + Dividend Income from Equities | €194.31 |
| Real Estate Income | €644.36 |
| Forex Trading Income | -€120.86 |
| Peer to Peer Lending Income | -€-32.05 |
| Cryptocurrency Capital Gain | €71.14 |
| Total Change | €756.90 |
Portfolio Breakdown
Finally, the table below shows the breakdown of my portfolio into the various asset classes:
| Portfolio Asset Breakdown (as at 28th Feb 2021) | ||
|---|---|---|
| Equities | €64,046.77 | 46.93% |
| Real Estate | €64,186.73 | 47.04% |
| Forex Trading Account | €2,347.18 | 1.72% |
| Peer to Peer Lending | €1,275.31 | 0.93% |
| Cryptocurrency | €495.68 | 0.36% |
| Cash | €4,108.87 | 3.01% |
| Total | €136,460.54 | 100.00% |
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