Hello all!
Yet another month passed, so it’s time to sum it up.
Last month I started investing in Crowdestor. I added the first 300 Euros there. I also put 200 Euro on the Mintos account but under the Ruble account, not Euro. I believe this will be a good investment as the average interest rate is around 17%! Importantly, the exchange rate between CZK and Ruble is stable (or even slightly better to own Ruble last year than CZK). Buying Ruble means I’m betting on Russia to do well and strengthen it’s economy faster after several trade punishments there were against Russia from the Western world.
Kuetzal
There are some problems with the thrust to Kuetzal. There are questions about the real owner of the platform and some projects that seem like a scam. I’m considering leaving this platform.
That’s not a piece of good news as I have 1/3 of my income from Kuetzal. But there is not much that can be done. In the last report, I wrote that I put 1000 Euro into the single project – exactly this project seems like a scam now. That’s why I wrote it was not a good investment, and I may pay for this decision now.
Always DIVERSIFY.
Other Platforms
Everything else seems right. I get all interests on time on Envestio and Fundlift. Fundlift is the cause that my income jump a little last month.
My shares also increased their value by a fair amount. If the price increases even more, I will consider selling them and keep that money away for another recession.
I also found out about Revolut’s option of buying a slice of share and three trades per month for free. I will consider making this account and use this option to buy, let say 2×25 Euro or 2×50 Euro of shares every month. But I will still search for a new trading platform with small commission fees.
Cryptocurrencies
(1€ = 25.42CZK, 1$ = 0.89€, 1RUB = 0,014€)
| Asset | Income | Change (last month) | Investment | Value |
|---|---|---|---|---|
| Mintos-EUR | 20.12€ | +5.40% | 2145€ | 2395€ |
| Mintos-RUB | 0.02€ | — | 200€ | 197€ |
| Kuetzal | 23.08€ | +7.4% | 1308€ | 1442€ |
| Envestio | 8.37€ | +66.4% | 487€ | 510€ |
| Crowdestor | 2.85€ | — | 300€ | 303€ |
| Fundlift | 9.95€ | — | 388€ | 388€ |
| Shares | — | — | 2427€ | 2715€ |
| Crypto | — | — | 1552€ | 1158€ |
| 64.39€ | +41.2% | 8807€ | 9108€ |
Income:
Portfolio value:
Are you just starting investing?
If you are starting building your portfolio, I would recommend you to read my Investment strategy above to get quickly to the starting point.
As always, I wish you luck and…
End of talking, and let’s get to work!