Volatile Crypto Markets — Amateur Investing #13
Time for another update on my investment portfolio and my passive income journey. We’ll be covering my recent cryptocurrency & stock purchases, stock dividends, and crypto earned from staking. This is amateur investing at its finest!
*Disclaimer: This is not financial advice and is purely for entertainment purposes. All my stock information is 100% accurate, but my crypto data may or may not be simulated*
I share everything so you can follow everything I’m doing with 100% transparency. The point of doing all this is to show you that it’s possible and provide some sort of framework that can be followed. This isn’t financial advice, and you shouldn’t exactly replicate my investing. What you should do is figure out what works best for you and stick to the basics of dollar-cost averaging, investing in good assets, avoid liabilities, compounding interest, be frugal, buy low, and sell high.
I cover my rules for investing here: https://lbry.tv/@ScottCBusiness:4/Investing:d
Here is the breakdown for my investing and budgeting templates: https://odysee.com/@ScottCBusiness:4/If-You-Want-To-Save-Money:7
Investing Spreadsheet Template Link: https://ufile.io/71mgq19h
Income Tracking Spreadsheet Template Link: https://ufile.io/frde28j9
Budgeting Spreadsheet Template Link: https://ufile.io/5bc6sxor
I cover the recent stock buys I went through, share my portfolio breakdown updates, and share my thoughts on the current market. I’ve restructured a bit more for my stocks and focused on the sectors I mainly invest in. I am currently making about $107.42 a month from passive income. This is a bit lower than before simply because I have sold off almost all of my passive crypto, I’m powering down on Hive, and I recently sold all of my RealT tokenized real estate tokens. The reason was that I want to go all-in on Bitcoin and Ethereum for the bull run over the next 4–5 months.
My portfolio is roughly rounded to about 87% crypto, 13% stocks, and less than 1% in precious metals. I’ve been dollar-cost averaging into crypto, but lately have been holding off to pay my taxes.
My total annual projected income from passive sources is $1,289.04. $1,222.09 of those yearly profits are coming from stock dividends, about $50.12 are coming from cryptocurrency staking, I already earned $16.38 from my RealT crypto tokenized real estate before I sold it, and $0.45 from music royalties. I cannot set any projected amount for my royalties so I just update it as they come in. In my last update, my total portfolio value was $231,109.54 CAD. My current portfolio value with all my investments is $250,168.07 CAD. This is up about $19,000 from last month’s total value. The interesting thing is that even with all the drops and everything that happened, when you look at it month to month, I’m still way up. Always stick to the long-term mindset when investing in Bitcoin especially in a bull run.
I didn’t invest any new money last month. I earned $99.90 CAD from stock dividends, $0 CAD from crypto real estate, and $14.51 CAD from my last month of staking Hive and MTR staking on Den.Social. In total, I have earned about $303.27 CAD from crypto and over $659.02 CAD from stock dividends.
My recent growth stock trades were: selling off my crypto mining stocks for 2 bitcoin ETFs for direct bitcoin exposure.
For dividend stocks, I sold my consumer goods and technology stocks because I wanted to focus on my main sectors as well as get out of US stocks due to the tax policy change concerns and uncertainty in the US stock market. My portfolio in terms of sector breakdown is now 14% Utilities, 20% Insurance, 20% Banking, 20% Real Estate, and 26% into general ETFs. I’ve gotten it close to the perfect balance with what I’ve been aiming for.
I am slowly selling off my cryptocurrency HIVE with about 400 being sold off in March and moved into ETH. I also sold most of my MTR from Den.Social because it was way up and Ethereum had dropped a lot creating a great arbitrage.
I took a loss on my crypto mining stocks and with the dip, I am currently down -1.86% on 4,300 worth of growth stocks and up 12.53% on my $27,501,19 worth of dividend stocks including dividends with all income being reinvested and compounding interest.
For crypto, I invested a bit into BNB and LTC and sold out of some LBC. My breakdown is now 1% LBC, 6% DASH, 2% BCH, 2 BNB, 1 LTC, 42% ETH, and 46% BTC. This is allegedly valued at $184,461 CAD at the time of writing this. I’ve been going all in on BTC & ETH as I truly believe the next 4–5 months will be life changing and I’m aligning my financials accordingly.
For my templates on budgeting and investing and how to use them check out this video: https://odysee.com/@ScottCBusiness:4/If-You-Want-To-Save-Money:7
Was this helpful for you? What dividend stocks are you investing in? Do you prefer dividend investing or another style? Do you invest in cryptocurrencies that payout regularly? Let me know what you think about this in the comments below and don’t forget to subscribe!
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