▶️ Dividend Portfolio Update #8: Pre Election Investing | EP#375

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    scottcbusiness

    Published on Oct 23, 2020
    About :

    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 $118 a month from passive income. This is about $9 more than last month. While I’ve made more deposits and investments lately, I’ve continued to make some more conservative changes and move around my crypto in my staking portfolio. I’ve deposited about $1,050 since the last video in my stock trading accounts. I have started to do a little bit of growth stock investing in lithium and I’ve also been acquiring gold and silver as well.

    I’ve shifted my entire investing focus to be something like 50% crypto, 40% stock, 5% gold, and 5% in reserves but I aim to get more gold and crypto moving forward. I’ve been dollar cost averaging into bitcoin, gold, and stocks, upping all of my regular investment deposits. This is in line with earning more money and saving 65% of my income and investing it which I will cover how I do that more in another series.

    About $814 of yearly profits are coming from stock investments, about $296 is coming from cryptocurrency passive income, $133 is coming from crypto tokenized real estate, and $143 from music royalties. My portfolio is up from $18,491 on September 13th to $19,608 now.
    I invested a little over $1,050 and earned $70.15 CAD from stock dividends, about $7.21 USD from crypto real estate, and $44.09 CAD from crypto lending & staking the past month. In total, I have earned $179.50 CAD from crypto and over $262.70 CAD 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.

    My recent stock sells were: 5 Canadian Western Bank, 5 Power Corporation of Canada, 10 Slate Retail REIT, 10 Feira Capital Corporation, and 5 TD Canada Trust Bank. These sells were to move money around and diversify the various sectors I invest in more. My buys were 7 Suncor Energy, 10 Riocan Real Estate Trust, 10 Manulife Financial Corporation, 20 Fidelity Intel Hi Dividend Index ETF, 15 iShares Global Monthly Dividend Index ETF, Fidelity Canadian High Dividend Index ETF, 10 Bank of Nova Scotia, 5 National Bank of Canada, and 5 Royal Bank of Canada. These buys were mostly based on price opportunity and focused mainly on acquiring more ETFs to lower my risk exposure and diversify my banking investments. I also have made some of these buys on a new exchange I’m using called QuestTrade. It has $5 trade fees instead of $10 which is what I pay with my bank, so it will be great to test out another exchange and diversify where I invest a little bit as well. I am also investing in growth stocks a bit on WealthSimple and will start to invest in dividend stocks there fairly soon.

    For crypto, I made dramatic changes to my portfolio in the last update but going forward I plan to double down on what has been performing well. Currently BTMX and Algorand continue to be my best performers bringing me more than 50% of my crypto passive income.

    Now that I’ve been lending a bit, I can report that it’s going smoothly, and I earned a whopping $5.45 USD worth of crypto during September from lending which is great given the small principle I put in. This will continue to compound and earn me more. I will do another review of all the lending platforms soon but this video shows my first impressions: https://lbry.tv/@ScottCBusiness:4/lending:5.

    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 is still to continue exploring and looking 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!

    Tags :

    finance investing passive income crypto cryptocurrency

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