Thursday, 13 July 2017

The cryptocurrency adventure

At the beginning on May i invested approx. £3200 in a new cryptocurrency called Ethereum, and i paid an exchange rate of £36 per 1 Ethereum. My deposit run fast to almost 22.000 pounds, but i was greedy, waiting for a bit more, and after few unfortunate events such us a fake news about the dead of the Ethereum public face (which was not true, but resulted in 10% price drop), and one 10 seconds spike from £299 to 0.10 and back, the value steadily decreased, trying to reach some equilibrium value. Today i decided to take my money back, and i just get £9800 sent to my bank. I was hoping to make at least £500, but in the end i got a £6500 profit for 75 days, which is an annual ROI of 31633%. Out of my last side hustles, this is, surprisingly, the second best. With the worst of them hustles resulted in losing £600, and other making zero profit (never started), the three remaining provided a decent return.

I personally think that the potential for any cryptocurrency is to invest at the moment of the ICO (initial coin offering).

Tuesday, 4 July 2017

June 2017 - Monthly report

June 2017 - Monthly report

My Overview

Total portfolio: £32509 (-806)
Debt: £2868 (-710)
External funds: ZERO (-450)
Car: £500
Net Worth: £29787 30141 (+354)

Investments UK: £20603 (-1030)
Investments overseas : £3248 ( +/- 0)
Cash: £841(+21)
Pension: £7301(+203)

Total Income: £2831(+1351)
Passive income: £1642(58%)
Savings rate: 26.13%

Side hustle 1 value: £392
Side hustle 2 value: £2.3
Side hustle 3 value: £433 (Profit May-215)

Working on to reduce the debt, while still making the best out of the loan (reduced with £1160 this month). While the portfolio decreased with £806, the Net Worth increased with £354. So, it is still a win. The cash available is along the same values (+£21), and the pension slightly increased. The income this month is considerable higher, as as withdraw some money from the Ethereum account, in order to use it for a future hustle. I made a good £435 from side hustles this month, using some trials to find a better way to do this. I will probably look for liquidating the side hustle no.1, as it was never started as a business. July should be a quiet month, or not. We will see what future brings!

Good luck to you too!