Happy new year!
What a year. I think we’re all pretty happy to leave 2020 behind.
2021 is already looking significantly brighter, and we all have high hopes that this new year will be more normal than the one we just left!
Pandemic aside, 2020 was not a bad year in terms of my investment returns. – And now it’s time to reveal whether we reached our yearly target of €100.000…
The year in review
In January 2020 I wrote my goals for 2020 and the major milestone was to hit a Total Balance of more than €100.000!
So, how did we do?! We absolutely CRUSHED IT!
We hit exactly €103.126 – granted it took a little “help” from the Mrs., and it also helped that most of my new purchases (stocks and ETFs) has appreciated quite significantly.
However, since my goal was to reach the €100.000 mark, I decided to let Crowdlending die completely off together with 2020. – So I’ve chosen to write off €1.743 worth of crowdlending investments for now. I might be able to eventually recover a decent part of it, but I just can’t be bothered to fiddle with the updates anymore. I prefer to just leave it behind me (for now) and look ahead.
This means that the Total Balance for the year ends at €101.383.
This is totally awesome (I think)! – But it also puts me in a bit of a dilemma; What should my goal for 2021 be?…
According to my 13-year plan, Year-3 of my FIRE journey should see me end with a Total Balance of €115.637. Looking at the “annus horribilis” year of 2020, I managed to grow my Total Balance by more than €22.000 (of which more than €4.000 was investment returns!).
So, surely 2021 should be able to beat that?! I’m still pondering this question, so I will leave the conclusion for the upcoming 2021 Goals post (coming soon! Edit: Read it here). Stay tuned 😉
The pretty graphs
December 2020 will be the last month with Crowdlending in the Infogram. Next month I will replace it with a Stocks-page instead.
All in all my Total Balance and my Net Worth continue to grow slow and steady. I like it!
As they say, becoming FI is definitely not a sprint – it rather resembles a marathon. Slow and steady will win the race (eventually!) 🙂
The boring income statement
|Platform||Invested||Transactions||Last month||Current value||Monthly income|
|Crowdestor||€ 923||-€ 85||€ 1.063||€ 985||€ 7|
|Mintos||€ 16||-€ 40||€ 282||€ 243||€ 1|
|Wisefund||€ 461||€ 0||€ 513||€ 515||€ 2|
|€ 1.400||-€ 125||€ 1.858||€ 10|
|GOLD (Coins)||€ 5.333||€ 0||€ 5.333||€ 5.500|
|€ 5.333||€ 5.500|
|Stocks (Dividend portfolio)|
|PROREIT (PRV.UN)||€ 2.018||€ 0||€ 2.131||€ 3.300||€ 16|
|Shaw Communications (SJR)*||€ 2.000||€ 0||€ 1.900||€ 1.900||€ 6|
|TransAlta Renewables (RNW)||€ 2.000||€ 0||€ 2.100||€ 2.500||€ 8|
|€ 6.131||€ 7.700||€ 30|
|iShares Global Clean Energy (IQQH)||€ 6.667||€ 0||€ 7.000||€ 8.500||€ 0|
|€ 7.023||€ 8.500|
|The-Many (Brickshare)||€ 1.333||€ 0||€ 1.333||€ 1.360||€ 12|
|Property #1||€ 68.667||€ 0||€ 68.667||€ 68.667||€ 0|
|Fundbricks||€ 1.333||€ 0||€ 1.333||€ 1.333||€ 0|
|€ 70.000||€ 71.360||€ 12|
|Bank #1 cash (main savings)||€ 792||€ 7.458||€ 8.250||€ 32|
|Bank #2 Opportunity money||€ 0||€ 0||€ 0|
|€ 7.458||€ 8.250|
|Total balance||€ 99.136||€101.383|
I received the LAST (probably ever) interest from my bank. Both of my banks have now lowered the interest rate to 0%. These are crazy times we live in indeed! Soon I will probably have to pay negative interest rates to have money in the bank…I will do my utmost to avoid that situation, of course 😉
All in all a total passive income of €83 for December 2020. For 2021 I will probably be less focused on generating monthly passive income, and more focused on the overall growth of the portfolio.
I wrote off all my crowdlending investments – with the exception of Fundbricks, which is a Danish crowdlending platform that I trust will return my money (along with the accrued interests) again when the term is up on the 1 development loan that I’m currently invested in. As I’ve written several times before, I’m however not impressed with the amount of information coming from Fundbricks, so unless something changes on that front, I will not be investing with them again.
Anyway, now that crowdlending is gone I’m going to focus a little more on building a (somewhat) diversified stock portfolio. Due to Property #1 my portfolio is still very real estate heavy, so I will be looking to diversify a bit more in 2021.
The classic growth chart
As always I include my Classic Growth Chart for tracking purposes (and because I like to look at it!):
The Classic growth chart will probably see another overhaul in 2021. I will start focusing more on the overall growth of the portfolio, rather than the relatively small monthly passive income. I’d like to include it all of course, but it’s difficult fitting it all into one chart – perhaps it will morph into 2 different charts? We shall see 🙂
In conclusion (TL;DR)
As we say goodbye to 2020 I also chose to wave goodbye to crowdlending as an asset class in my portfolio. Perhaps it will one day return – but for now it has been replaced by a small (but growing) allocation towards stocks.
In many ways it has been a year filled with ups and down, but my portfolio has grown (steadily) with more than €22.000 (22%).
Interestingly enough (I just discovered this) 22% growth has been the norm for each year of this blog! If I’m to follow that trend, this means my Total Balance should be somewhere around €123.000 by the end of 2021.
I have yet to decide on my goals for 2021 though, so you’ll have to wait a little while longer with the final conclusion on that one 😛 (*suspenseful music playing in the background*).
And on that bombshell, it’s time to end this months update!
Hope to see you next month – and in the year to come. Something tells me it’s going to be a good one 🙂
Until next time!