Irish Financial Independence & Personal Finance Podcast

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 Balance125,549.27
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)
Real Estate€63,600.6448.29%
Forex Trading Account€1,268.040.96%
Peer to Peer Lending€1,371.061.04%

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