Thursday 4th February 2021
From 2021 I will be providing monthly updates on the portfolio.
I have been working on a few passive income projects recently. I released a podcast episode on passive income in late January. Up until recently, my most recent plan had been to work full time until I hit my FI target of €600k. However, I have been thinking a lot recently about building passive income streams which complement my portfolio income.
As a result, I started implementing a “happy hour” into my work day. This was one hour per work day that I gave to myself, to work on passive income projects.
I do currently receive an income from passive income projects of around €500 per month. Hardly hugely exciting, but I am hopeful that it will grow in the future the more I work on my passive income projects. I will look to update this moving forward.
January was a solid month overall. It was officially our first month as a landlord, after renting out our house in mid December. The rent was paid on time and there were no issues.
Stocks were up and it was a solid start to the year for equities.
I am also trading a very small Forex trading account myself, which returned a small profit for the month, as well as my Bitcoin portfolio which grew slightly as well.
My Peer to Peer lending portfolio is still at a risk. More loans were written off in January and I expect it to be a rocky first few months of the year for my P2P portfolio, with a possible write off later in the year.
I added a little over €4,500 to the portfolio from my own contributions in January. I returned to full time work in September 2020 so it has been great to see the portfolio grow considerably in the last six months - after what was a very shaky start to 2020!
Portfolio Summary (as at 31st Jan 2021) | |
---|---|
Opening Balance | 125,549.27 |
New Contributions | €4,534.23 |
Portfolio Capital Gain + Income | €1,620.14 |
Closing Balance | €131,703.64 |
Monthly Portfolio Growth Report | |
---|---|
Capital Gain + Dividend Income from Equities | €1,151.21 |
Real Estate Income | €373.81 |
Forex Trading Income | €68.04 |
Peer to Peer Lending Income | -€28.74 |
Cryptocurrency Capital Gain | €55.82 |
Total Change | €1,620.14 |
Finally, the table below shows the breakdown of my portfolio into the various asset classes:
Portfolio Asset Breakdown (as at 31st Jan 2021) | ||
---|---|---|
Equities | €61,352.46 | 46.58% |
Real Estate | €63,600.64 | 48.29% |
Forex Trading Account | €1,268.04 | 0.96% |
Peer to Peer Lending | €1,371.06 | 1.04% |
Cryptocurrency | €324.54 | 0.25% |
Cash | €3,786.90 | 2.88% |
Total | €131,703.64 | 100.00% |
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