January 2021 Portfolio Update
Thursday 4th February 2021
From 2021 I will be providing monthly updates on the portfolio.
My Passive Income Idea
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 2021 Portfolio Report
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
| 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 |
Portfolio Breakdown
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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