Welcome to the Portfolio update of May 2023. In April I’ve got laid off again, found a new job and broke my leg…
April was rather eventful, early April it still sounded optimistic that the Series-A raise of the startup would be reasonably successful and we could hire more people. In the second week of April things changed a bit and people were asked if they’re willing to give up parts of their salaries a deal I couldn’t accept. And in the third week of April five people including me were laid off because the investors pressured the founders to cut salaries above 200k EUR/year. tl;dr: I got put on garden leave and will still receive my salary until the end of May.
So I’ve started to look around immediately and got an offer for a new job within 2 weeks. This time an insurance tech startup and no longer crypto. Doesn’t sound too bad to get a bit more job security/stability into my life. Pay will be at 210k CHF total comp, a 40k hit compared to the previous gig which I hopefully can compensate with my validator business or a new thing I’m trying.
As some readers might remember I’ve started bouldering regularly beginning in April 2022 and even increased the frequency to twice a week after I was put on garden leave. Unfortunately yesterday (2nd of May) I didn’t manage to climb down properly from one of the routes and instead fell down and while falling I’ve lost my balance and landed on my left leg.
Shinbone broken twice and left foot in a rubber cask now. Walking on crutches hurts w/o pain meds and all coming up events have been cancelled. The good news is that my family will return a week earlier on May 6th.
I certainly had enough life changing/impacting events for now in the last few months and wouldn’t mind if life gets a bit more boring again. And if there is a reader with a voodoo puppet that cursed me, please stop xD.
I’ve did trick a bit in the expenses, technically I’ve spent 134k CHF on the new Tesla in April but since that’s not a regular expense I’ve decided to not make it show up. It does impact the net worth negatively as if I spent the money (counting the car as an asset would be weird too).
Savings Rate: April 2023
Cash flow: April 2023
Total Income: 27’601 CHF (+55 CHF vs. last month) – Regular salary (~18.5k CHF) plus validator income of ~8.7k CHF and 331.50 CHF in dividends from stocks.
Total Expenses: 5’571 CHF (-14’385 CHF vs. last month) well technically 149k CHF incl. car – Disregarding the car purchase April was rather affordable, I’ve only bought groceries for myself which accounted for 178 CHF, eating out at 662 CHF, money for my family 1.8k CHF and 1’032 CHF for services mainly for the play group for my son and some shipping fees for sending my company equipment back to France.
Savings Rate: 79.81% (vs. 27.55% last month) – As said a bit tricked with the car but otherwise a rather good month.
Net Worth: 921k CHF (-121k CHF vs. last month) – Not counting the car as an asset the difference pretty much makes up the car price.
Stock Portfolio value: 34’028 CHF (-142’009 CHF vs. last month)
To pay back the margin loan (100k CHF) and have cash for the car I’ve liquidated my VT position of around 230k CHF. I will invest all future free money again in VT until I’m back at the 275k CHF all time high portfolio. What really hurt was the crappy USD -> CHF exchange rate of 1:0.89 (10% drop since beginning of the year, thanks FED!).
Crypto HODL Portfolio
Current HODL portfolio value: 232’111 CHF (~7.7 BTC / 248 KSM / 2852 DOT / 92100 CRO / 2.2k+ PHA) (+6’531 CHF vs. last month)
April was a bit of an up and downwards during April
Views: 1610 (+648 vs. last month) – two posts, double the views?
Visitors: 514 (+114 vs. last month) – Nice growth.
Followers: 38 – not sure if that’s correct tho.
That’s it for this month. Like last month let me know if you like the style and the ordering of topics.
If you have any questions or comments, please leave a message below or contact me by email. I try to answer all comments and emails.