Hey everyone, I wanted to share another update on my dividend portfolio and my investing journey. We’ll be covering my recent cryptocurrency purchases, the stock market going up the past week, and all my forms of passive income.
I cover the recent stock buys I went through, share my portfolio breakdown updates, and celebrate passing my goal with crypto. My goal for 2020 was to earn $75 worth of dividends on average per month and now I’m well past that when crypto is included. I am currently making $133.67 a month from dividends. $671.80 of yearly profits are coming from stock investments, $760.71 is coming from cryptocurrency passive income, $98.99 is coming from crypto tokenized real estate, and $72.50 from music royalties. My portfolio is up from $11,420 from 22 days ago to $13,481 now.
Now I don’t recommend you trying to copy my trades because the timing was important, but I do recommend you put in the time to research and track what you want to purchase and this isn’t financial advice.
I didn’t make any stocks buys in late May as I’ve been just saving my income and waiting for the next dip. Once I have a bigger nest egg of savings, I will start dollar-cost-averaging in again as there is still tons of price opportunity in the market. I’ve also acquired some more real estate shares in RealT tokens of which I have 10 tokens now spread across 4 properties. I’ve also invested more into KCS, BTT, TRX, BTMX, and several other coins that I could stake or hold to receive payments via dividends and or payment sharing to balance out my crypto portfolio. Currently, I’m trying to spread my crypto investments equally across each of my investments to diversify. My concern is spreading out too much where I have to go on like 10 platforms a day to claim a few cents. I want to just stick with the best platforms and keep it simple, though if a very good project finds its way to me I will definitely consider it.
This is a link to the last update which you can go and check out: https://lbry.tv/@ScottCBusiness:4/Dividend-Portfolio-Update-3-Crypto-Passive-Income-1:f
My crypto coming in is 100% earned and I will be using a portion of it each month to pay for expenses, one portion will be put into savings, and the rest will be invested into my crypto dividend portfolio. The rest of my crypto is held as savings in the form of Bitcoin and Ethereum but I'm not including that in this portfolio since I'm not generating dividends with them.
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