Friday, 8 June 2018

May 2018 - Monthly report

My Overview

Total portfolio: £32284 (-95)
Debt: £4129 (-400)
External funds: ZERO
Car: No
Net Worth: £28155 (+305)

Investments UK: £16882(-750)
Investments overseas : £3606 ( -300)
Cash: £1487(+427)
Pension: £9606(+111)

Total Income: £1572(-249)
Passive income: £119 (7.57%)
Savings rate: 14%

Side hustle 2 value: £3.70
Side hustle 3 value: £101.75 (Profit March - 200)
Side hustle 4 value: £484 (Funds:4653)

Net worth increased as i was saved a bit more in cash reserves, just to buy flights for my future holidays right after (cost for two for two flights return - 800). Debt is decreasing, but not as much as i would want, so this is one of my priorities, and the interest saved will be reinvested monthly. As i used the money from savings, i can see a 750 drop in investments. Pension is increasing steadily and the passive income was free falling, as i got through a bit of burnout phase. Crypto market is still free falling, with a decrease from 700 to 484, but i am building some nice portfolio aiming for the future. Match betting was not the priority in May, with  big error from my side, which resulted in approx. 320 loss and only 101 pounds profit left. But this month is the world cup, with some decent bets, so i hope to go over 300. Saving rate is still low, mainly due to the loan that i pay monthly, leaving me with only 220 left for savings.

I hope June will be a bit better than May.

Best regards
G.

Sunday, 27 May 2018

Preview May 2018

This was a difficult month, and i was slowly running away from my FIRE objective. It is harder and harder for me to achieve my goals, because of a loan that i took in times of need. Now seems that is sitting screwed on my brain, and the only way to achieve piece is to pay it completely, as soon as possible, instead of waiting the whole 5 years for the monthly payments. The rest of the work is still in progress, and i will probably do not see much profit until the summer of 2019. I am not very patient at the time. I made also a major mistake with the match betting, also not the same magnitude of the previous one (1500), this time it was only 320 of my profit, and hopefully i learned to not repeat it in the same way. I will probably have a minimal profit on matched betting this month, and i used a good part of the cash reserves to book flights for two future holidays in August and September. I try to use the passive income for the coming holidays, as i do not want to get money fro my wages.

Let's see what future brings (Hopefully a lot of luck in the coming World Cup betting)!

The numbers will be posted as soon as the month is finished.

Sunday, 6 May 2018

April 2018 - Monthly report

My Overview

Total portfolio: £32379 (+595)
Debt: £4529 (-249)
External funds: ZERO
Car: No
Net Worth: £27850 (+844)

Investments UK: £17632 (+195)
Investments overseas : £3606 ( -300)
Cash: £ 1060 (+260)
Pension: £9495(+511)

Total Income: £1821(-203)
Passive income: £214 (11.74%)
Savings rate: 17.57%

Side hustle 2 value: £3.40
Side hustle 3 value: £200 (Profit March - 523)
Side hustle 4 value: £757 (Funds:4653)

This month I was slightly over-working, with little to no break. I am aware of this, and i will try to relax in May. Th net worth increased with more than 800, with almost 600 on the portfolio increase and 249 debt reduction. The investments overseas took a hit due to the pound losing value, while the ones in UK slightly increased. Monthly income was a bit lower, with only 11% passive, mostly because of a miscalculation on matched betting (lost some bets and got only 200 profit instead of the average 3-400). The saving rate is still quite low, because i am paying at least 300 out of the debt every month. As major expenses, i an thinking to build an ethereum mining rig and to go in two holidays, in August and September, 10 days each. I am confident that i will manage to hit at least some winning jackpots with crypto, as i got some small amounts of altcoins growing up quite nicely. I am focusing of Proof of Stake altcoins such as Neo and Gridcoin (PoS means monthly or even daily interest if i will manage to get a significant amount).

Saturday, 14 April 2018

Crypto corner - Free bitcoin and other cryptocurrencies

To continue my series, i got two decent opportunities, working well especially for teenagers, but also for anyone having some spare time in front of the computer (like a night shift for example, not that i am confirming that this is what i do to keep myself awake at work when i am bored).

First company is called EarnCrypto.com, and you have various tasks, from completing surveys to watching commercials or playing Facebook games (wink-wink), and while the payments are not very big, you can focus on one crypto which you believe will increase in the future, and this is even better it that altcoin is Proof of Stake (PoS is a protocol enabling them to pay you interest for the coins that you keep in the official account/wallet). Suggesting Gridcoin, but feel free to choose another (Verge for example increased in the past few days in increments of 20%).

Another interesting one is Earn.com, where, despite a complicated process of profile verification, you can do little surveys (3-6 questions/tasks) and be paid in Bitcoin for it. A task can take 10-60 seconds, but there will be only few per week. In order to do it fast, you need to make a wallet on myetherwallet.com and keep a copy of the account handy, and one account to Telegram messenger. The task will ask you to put your Etherwallet and to connect the to your Telegram. And there it is, some bitcoin for you.

Tuesday, 10 April 2018

Free bitcoins - is this possible?

I will post something about 2 new strategies to get free crypto-currencies as soon as i have a bit of free time. In a way, because you pay with your attention.

Monday, 9 April 2018

Martie 2018 - Monthly report

My Overview

Total portfolio: £31784 (+737)
Debt: £4778(-430)
External funds: ZERO
Car: No

Net Worth: £27006 (+928)
Investments UK: £17437(-6)
Investments overseas : £3977( same)
Cash: £ 800 (+550)
Pension: £8984(+94)


Total Income: £2024(+501)
Passive income: £549(27.11%)
Savings rate: 10.86%

Side hustle 2 value: £7.6
Side hustle 3 value: £523(Profit January= 118)
Side hustle 4 value: £489 (Funds:4761)

A slight increase, and not a bad month overall. I got few expected and unexpected expenses, such as a big electric/gas bill and flight tickets for 1 week trip to Romania, but also some extra hours at work (10 more shifts, in order to make a bit extra for my following trip). Debt are going down by £430, and I am also trying to build some extra cash reserves from now on as we got two holidays to arrange in August and September. Not a great saving rate this month due to the aforementioned expenses. But the monthly balance was positive, so i marked as a win.



Thursday, 8 March 2018

Cryptocurrency corner

One of the alternatives to shares and real estate could be soon what they call PoS crypto, also known for the long name of Proof of Stake coins. These coins need to be staked in a fully updated wallet, in order to keep the last version of the block-chain. In exchange, they receive stakes of the named coin (the ROI varies between 4-10% normally). Anyway, not all of them are equal, and some offer the same coin (Neblio for example), while other are offering a different coin, like shares are offering dividends (NEO offering GAS).

One of those freshly discovered coins is called Neblio (NEBL), and it is offering a 10% interest for staking annually. This coin was 0.2$ in September, and now it is 12-13%, with a good potential to grow a bit more. What is the concept behind this cryptocurrency? Blockchain’s unique distributed ledger technology is what makes the Neblio Network possible. This decentralized system of securely storing transactions is the future of database technology for global networks. Enterprise applications taking advantage of this technology gain numerous benefits over those using traditional database architectures including transaction immutability, transparency, security, reliability, and decentralization. Despite the maturity of blockchain networks, few applications have taken advantage of the technology due to the difficulty, and cost of integration and maintenance. Unlike legacy blockchain networks, next-generation blockchain networks such as Neblio will fill the huge gap in the enterprise market to simplify the development and deployment of distributed applications that drive business value through blockchain technology.

So, in order to receive 1 coin per day, you need to stake 365x365 coins (estimate value 43k $). This is a gamble, but if the price will go to the perceived value (60$), then you can receive on average 1800$ monthly, doubling your investment in less than 2 years from staking, with a total value of approx. 8 millions.

Of course, this coin was used just as an example for Proof of Stake, and i am not involved in any way in this coin promotion. You should always invest your money based on your own research.

Added bonus: to study the greatest traders of the present, find the book "Market Wizards" by Jack D. Schwager.