The Portfolio

5 min read

Latest portfolio update – July 2020

For the first time in a while I’ve added cash to the crowdlending pile. However, this doesn’t change the overall trend for this asset. I don’t plan on adding anymore money to this bucket. In fact I’ll slowly be withdrawing it, as projects are repaid. I just don’t feel comfortable re-investing at this time, and I need the money to finance the purchase of Property #2.

I mainly continue to do the infograms for the stuff on Page-3, really 😛 I’m still awaiting the day where my equity and pension go their separate way, but for now they continue as two lovebirds hand-in-hand. My Pension is currently up about 2% for the year, which in today’s market is pretty respectable I think. I have no idea where the market is going to go from here, but I still hold a decent chunk of cash (at 2% interest) on my pension account, so should the market take another drastic dip, I’ll be ready to move some more cash into the market (like I did in April). But for now, I’m pretty happy with my allocation.

The boring income statement

Platform Invested Transactions Last month Current value Bonus/fees Monthly income
Crowdlending
Crowdestate € 100 € 0 € 100 € 100 € 0 € 0
Crowdestor € 1.110 € 0 € 1.086 € 1.118 € 0 € 32
Fundbricks € 1.333 € 1.333 € 0 € 1.333 € 0 € 0
Mintos € 400 -€ 500 € 1.107 € 613 € 0 € 5
TFGCrowd € 300 € 0 € 302 € 306 € 0 € 4
Wisefund € 475 € 0 € 510 € 514 € 0 € 4
€ 4.218 € 833 € 3.105 € 3.984 € 0 € 45
Commodities
GOLD (Coins) € 5.333 € 0 € 5.333 € 5.333
Silver (virtual) € 245 € 245 € 0 € 275 € 30
€ 5.608
Stocks
PROREIT (PRV.UN) € 2.018 € 0 € 2.100 € 2.115 € 0 € 15
Properties
Brickshare € 1.333 € 0 € 1.333 € 1.333
Property #1 € 68.667 € 0 € 68.667 € 68.667
€ 70.000 € 70.000
Cash
Bank #1 cash (main savings) -€ 733 € 1.866 € 1.133
Bank #2 Opportunity money € 255 € 245 € 500
€ 2.111 € 1.633
Total balance € 82.649 € 83.340

Crowdestor brought in a decent income this month, and together with a few dimes from various other platforms, crowdlending netted a total of €45 this month. Adding my REIT dividend and my new silver holdings adds another €45 to the passive income this month. Which then gives a total of €90. It’s pretty clear that my passive income is not going to change a lot short term, so I remain focused on adding as much as possible to my savings. Due to the summer holidays (always expensive vacationing in Denmark) that only amounted to €600 this month. Next month should hopefully be a tad better.

But the big news this month is obviously my Property #1 book value. I decided after 1 year of ownership that it was time to write up the value (added by paying off debt in the project).

If I were to sell my share of the project today (I own 10%) I would ask for approximately DKK 550.000 (€73.333/ $84.000). It might be worth a tad more, but I prefer to be conservative and account for transaction costs etc.

This would add €4.666 to my current Total Balance, bringing me close(r) to my €100.000 target for the year.

Even though I believe the value is there, I feel it would be cheating, so I’m not going to do that 😛

Instead, I will add a new line to the classic growth chart, showing my Total Balance including the (adjusted) value of Property #1.

 

The Classic Growth Chart

As always, I include my “Classic growth chart” for tracking purposes.

The chart had reached a point where it was impossible to add anymore monthly columns, so it’s now been converted into a Quarterly view, with the last 6 (give or take) months still visible in monthly increments. Eventually I guess it will move from a quarterly to a yearly view even – but it will be a while before I have to convert it again, so I’m quite happy with the result for now.

From the chart it’s clear that Q4-2018 and Q1-2019 was exceptionally good in terms of savings. This was due to a double-salary and the payment of “vacation money” (something we get in Denmark when we switch jobs). Since Q2-2019 it’s been going downhill! I’m gonna attempt a turnaround of that trend in Q3/Q4-2020 but so far it’s not looking that strong 😛

As always though, I see light at the end of the tunnel, and I’m positive that Q4-2020 is going to be showing a phenomenal savings rate (hint: more vacation money coming our way! – No I didn’t switch jobs, but the government has decided that the Danes need some “spending money”, so they’re paying out 3/5 weeks of our vacation money to get the wheels spinning again after this whole Covid-19 ordeal).

I thus remain positive that I will be able to reach my yearly target of €100.000. I know it doesn’t look like that right now, but none the less I remain positive 😉 (uncle Nick always has some tricks up his sleeve, remember? 😛 ).

 

In Conclusion

A below average month that didn’t break any records in terms of passive income or savings. Better luck next month, Nick!

I revamped the Classic growth chart to a quarterly view, and I decided to finally let go of Crowdlending. It’s not completely gone yet though, as I put some coins in a danish platform called Fundbricks.com early in the month.

I also traded some Silver (via Revolut), but ultimately decided that I’d better stick with Properties for now 😉

I dropped a little teaser about a potential prospect for Property #2, and this property will demand a big loan (leverage) on my part, which I’m slowly coming to terms with, if I want to add another property to my portfolio – and I do 🙂

From my previous leveraged adventure (Property #1), I learned that having RED numbers in my account statement acts as a really good motivation for me, to save more than usual. We shall see how this plays out, but it probably won’t materialize for another couple of months – maybe not even this year. We shall see!

Read the (latest) full monthly update here.

To read about my goals (for the year, and onwards) go here.