Welcome to the Portfolio update of September 2020. I’m in the process of dissolving the P2P portfolio and making insane profits with Tesla stocks.
I mentioned it last month and took consequences this month. I dissolve my whole P2P portfolio over the course of the next few months. tl;dr: different blog posts from Kristap Mors made me rethink if being one of the P2P investment blogger copycats is the way to go, and I said no. I therefore will focus on more traditional investments in the stock market for now.
2.5 weeks of vacation were very nice. Unfortunately coming back to work I was immediately confronted with an internal system that was left broken for 19 days. That killed a bit of my renewed motivation. We also couldn’t rent a boat during the vacation due to the high demand at the Lago Maggiore.
Also my new Monitor a Samsung Odessy G9 finally arrived (let me know if I should do a review about it, it will be mixed) and I’m playing the new Microsoft Flight Simulator pretty actively (with an Xbox Controller for now).
I also came to the conclusion that I will dissolve my side business in November of selling online storage as the underlying hardware (a self built Backblaze StoragePod 2.0) is getting a bit old by now (6+ years).
Savings Rate: August 2020
Cash flow: August 2020
Total Income: 12’164 CHF – base salary plus 210 CHF of sold stuff. I did cancel my parking spot at work at the end of July so that’s an extra 295 CHF of income, nice.
Total Expenses: 8’059 CHF – I had finally 2.5 weeks of vacation and we traveled for a few days around Switzerland. 4 days of Roadtrip and another 4 nights of staying in nice Hotels did cost a whopping 1’695 CHF. Totally worth it, we spent most of the time in the hotel pools at the different locations and eat deliciously. Food was with 1’840 CHF not exactly cheap either, but I invited the whole family of my side (10 people) once or twice during the vacation. On the plus side the groceries position with 1’096 CHF is the lowest in a long time. We also paid 100 CHF for 4 days of play group for my son which he hopefully can go to tomorrow. Also the yearly car insurance with 1’478 CHF was a rather big post in the expenses.
Savings Rate: 33.74% – Given the vacations, the spendings were rather high this month but those expenses were worth it to relax a bit from the stress at work.
Stocks: Remember those 10 TSLA stocks I bought last month? Well they’re now 50 thanks to the stock split this Monday and worth a whopping 21.7k CHF the gains in the last few weeks were rather surreal. Looks like my hopes from last months were confirmed.
Net Worth gained 17k CHF to 438k CHF see my portfolio page for details about the asset allocation. Mostly thanks to the 9k CHF unrealized profit from the Tesla shares. I will move more money from the P2P investments into my stocks portfolio and start experimenting with value investing with a part of it.
August Income from P2P Portfolio: +384 EUR
Calculated XIRR (of the platforms that generated money): 12.54%
It feels a bit pointless to mention all the platforms individually here at this point. So I will just mention noteworthy updates:
- FastInvest paid 313 EUR from pending withdrawal from beginning of April on the 18th of August
- I so far dissolved: 7493.38 EUR from the portfolio
- IuvoGroup was the leader with 3671 EUR withdrawn because of the very active second market. Wohoo!
I didn’t get that much feedback if my decision to pull out of P2P investments was the right choice or not but I think it makes sense as outlined in the other blog post.
Views: 1085 (+629 from July) wohoo, mostly because I shared my Tesla comparison on Reddit, that alone drove some 638 people to the blog.
Visitors: 700 (+548 from July) Welcome new readers
Followers: 10 (+0 from July) Plz like and subscribe ;D
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.