Time for another update on my investment portfolio and my passive income journey. In this episode, I cover my regular monthly update and cover what I invest in and why. 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
Below I will list everything for the monthly report:
I cover the recent stock buys I went through, share my portfolio breakdown updates, and share my thoughts on the current market. I continue to rebalance my stocks for the best yield and consolidating them down to my best stocks. I am currently making about $120.93 a month from passive income mostly from stock dividends and some from music royalties
My portfolio is roughly rounded to about 85% crypto, 14% stocks, and less than 1% in precious metals. I’ve been mainly focused on crypto, but going forward I will start to put my focus and money into my TFSA and continue building up my stock portfolio.
My total annual projected income from passive sources is $1,451.19. $1,354.23 of those yearly profits are coming from stock dividends, about $41.64 came from cryptocurrency staking, I already earned about $16 from my RealT crypto tokenized real estate before I sold it, and $60.99 from music royalties. In my last update, my total portfolio value was $210,455.84 CAD. My current portfolio value with all my investments is $205,695.20 CAD. This is down about $5,000 from last month’s total value. Though this was a drop, we are starting to see crypto bounce back and I have high hopes going forward.
I earned $138.83 CAD from stock dividends, $0 CAD from crypto real estate, and $1 CAD from my last month of staking Hive and MTR staking on Den.Social. In total, I have earned about $321.35 CAD from crypto and $960.31 CAD from stock dividends. I will start to focus more on crypto passive income again going forward.
I’ve kept my Bitcoin ETFs and will just hold through the dip. Currently, they are still way down and I intend to sell them later this year.
My portfolio in terms of sector breakdown is now 13% Utilities, 21% Insurance, 22% Banking, 20% Real Estate, and 24% into general ETFs. I’ve gotten it close to the perfect balance with what I’ve been aiming for. I haven’t made any important changes since the last update. My goal is to average about a 5% yield on my portfolio and I’m currently at an average yield of 5.05%.
I am currently down -41.12% on 4,300 worth of growth stocks and up 13.14% on my $30,055.77 worth of dividend stocks not including dividends. I’m up 16.33% if you’re including dividends with all income being reinvested and compounding interest.
For crypto, I will not be investing anymore for some time. My breakdown is now 1% LBC, 4% DASH, 2% BCH, 1% LTC, 50% ETH, and 42% BTC. This is allegedly valued at $158,400 CAD at the time of writing this. I’ve been going all-in on BTC & ETH as I truly believe the next few months will be life-changing and I’ve aligned my financials accordingly.
Was this helpful for you? What stocks do you invest in? Do you prefer growth investing or building passive income? Do you invest in cryptocurrencies that pay out regularly? Let me know what you think about this in the comments below and don’t forget to subscribe!