Time for another update on my dividend portfolio and my passive income investing journey in stocks and crypto. We’ll be covering my recent cryptocurrency & stock purchases, tokenized real estate, lending, and all my forms of passive income.
I cover the recent stock buys I went through, share my portfolio breakdown updates, and share my thoughts on the current market. 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 about $100 a month from passive income. This is lower than before, but I’ve made some more conservative changes and dramatically shifted around my crypto staking portfolio.
About $634 of yearly profits are coming from stock investments, about $320 is coming from cryptocurrency passive income, $115.54 is coming from crypto tokenized real estate, and $72.50 from music royalties. My portfolio is up from $16,018 one month ago to $17,577 now. Keep in mind, I also sold out of half of most of my crypto investments and made a lot of changes to my crypto portfolio. I continued to sell out of some of my riskier investments and invested in safer lower-yielding investments.
I invested a little over $1000 and earned $57.83 from stock dividends, about $9.30 from crypto real estate, and $42 from crypto lending & staking the past month. In total, I have earned over $100 from crypto and over $190 from stock dividends.
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.
Previously I was saving my money for a bit to build up a nest egg and have spent the last couple months dollar-cost-averaging into the market again. My recent stock sells were: half of my agriculture stocks, some Fiera Capital stocks, and all my Alaris Royalty corporation stocks. I’m locking in gains and keeping my portfolio diversified by doing this. Selling Alaris was just to minimize risk as I’ve been cutting back on Finance stocks. I bought more Canadian Natural Resources, Suncor Energy, RioCan Real Estate, Power Corporation of Canada, and Inter Pipeline Limited. These have great price opportunities and I’ve been increasing my portfolio weight on energy and oil.
For crypto, I’ve made dramatic changes to my portfolio. I’ve sold all my RFND tokens because I can’t rely on a one-person team when payouts were automated and not working. I wish him all the best though. I sold a good portion of my TRX because I think Justin Sun is holding it back spending crazy money on acquiring and destroying good projects like Steemit and DLive. I sold out of KuCoin because it wasn’t a good investment. I sold more than half of my BTMX because the price doubled, and I always get my original investment back if possible. Now it’s all gains going forward with my BTMX. I ended up doing the same for ARPA, FET, and TROY too as they all had huge run-ups in value. I acquired KNC and XTZ to stake and earn from those coins.
When it came to lending, I had to do a lot of testing first. I bought and sold NEXO after learning all the sketchy stuff they were wrapped up in, but still kept like $200 on the platform. I also put $200 into Celsius Network and Blockfi. I will review all 3 in another post soon though. I bought a little over $100 USD worth of DAI, USDC, USDT, TUSD, PAX, and GUSD in order to properly diversify and test out all these stablecoins. The different exchanges offer different APRs ranging from 6% to 8.6%. Lending is really ideal because they require people taking out loans to be over collateralized thus protecting you and the platform.
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, Ethereum, and a few other coins, but I'm not including that in this portfolio since I'm not generating dividends with them.
My next big move will be into crypto tokenized gold. Please leave your recommendations and look out for that in the next update or two.
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? Have you tried crypto lending? Do you invest in crypto tokenized gold? Let me know what you think about this in the comments below and don’t forget to subscribe!