The Big Liquidation – Report #23

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    scottcbusiness

    Published on Mar 11, 2022
    About :

    Time for another update on my investment portfolio and my passive income journey. In this episode, I cover my regular monthly update sharing 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://bit.ly/3qBgm4p
    Here is the breakdown for my investing and budgeting templates: https://bit.ly/3EIGFe6
    Investing Spreadsheet Template Link: https://bit.ly/investingtemplate
    Income Tracking Spreadsheet Template Link: https://bit.ly/incometemplate
    Budgeting Spreadsheet Template Link: https://bit.ly/expensestemplate

    Below I will list everything for the monthly report:
    I liquidated my total portfolio for $38,902.49. The total deposits that I made were $30,923, but I made one withdrawal of $150 leaving the total at $30,733. This means that I was up 26.5% on my stocks when I sold everything which I am very happy with. This includes everything like my dividends earned, compounding interest, trade costs, etc. This happened in February, but I still shared most of this already.

    Going forward I am simply investing outside of banks and in a few Canadian ETFs, namely VDY, PDC, FCCD, and XEI to keep things extremely simple and not waste my time over something that is so centralized. I will be aggressively looking for ways to invest in synthetic stocks through cryptocurrency like with Terra for example. Most attempts on Ethereum and other chains have been eliminated already even in “decentralized” environments. I’ve put about $11,000 into these ETFs and I’m already up 3.45% as of writing this.

    After liquidation, I am making an average of $137.31 a month from passive income mostly from stock dividends, crypto income, and some from music royalties. I aim to get back up to my previous amount of around $250 as my next milestone. This year I hope to get up to $400 with crypto passive income.

    My portfolio is roughly rounded to about 75% crypto, 5% stocks, 2% in precious metals, and 18% in liquid fiat cash. My total annual projected income from passive sources is $1,647.71. $430.41 of those yearly profits come from stock dividends and about $1,217.30 comes from cryptocurrency staking. My crypto income continues to climb exponentially from the continued topping up of my accounts and compounding the interest I’m earning. I’ve also started to focus much more on crypto income and have less reliance on fiat altogether.

    In my last update, my total portfolio value was $266,755 CAD. My current portfolio value with all my investments is $272,896. This is up about $6,141 from last month’s total value. My highest portfolio value ever was around $395,000 which is about 31% higher than where I’m at now. I’m slowly but surely making my way back to my all-time high.

    I earned $101.86 CAD from stock dividends, $0 CAD from crypto real estate, and $78.13 CAD from my last month of staking Hive, HBD, TRX, and MTR staking on Den.Social. In total, I have earned about $651.04 CAD from crypto and $1,834.99 CAD from stock dividends.

    My portfolio in terms of stock sector breakdown is just 92% into those 4 ETFs noted above and 8% into an investment fund. I’ve completely scrapped my goals for retirement and will be sharing my new goals and strategy in my next update.

    For crypto, my main breakdown between ETH & BTC is 57% ETH, and 43% BTC. This is allegedly valued at $178,316 CAD at the time of writing this. For privacy crypto, I have about $2,404 worth of XMR. For staking crypto that earns me passive income, I have about $10,980 worth of HBD, Hive, TRX, and ATOM. My blurt and MTR is to be sold as soon as possible for Hive. I have $8,243 worth of speculative investments in Rune, Luna, Matic, and Binance Coin. Lastly, I have $7,263 worth of crypto cash in Dash, Bitcoin Cash, Litecoin, and BUSD.

    My investing lately has been much more heavily focused on precious metals and survival preparedness gear. Mainly I’ve been acquiring silver and gold for precious metals and power outage supplies and emergency food. I’ve also been dabbling with survival skills and preparing faraday gear.

    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!

    👥 Support Me & Follow Me Elsewhere 👥
    👉 http://www.scottcbusiness.com
    Ask questions in my Telegram: https://t.me/cryptoandthings
    You can find all my cryptocurrency addresses on https://cointr.ee/scottcbusiness
    You can find all of my referral links here: https://linktr.ee/scottcbusiness

    Tags :

    crypto investing finance cryptocurrency bitcoin

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