Monthly Income Report – January 2020

Well, this month was rough. I lost on Envestio and Kuetzal a significant amount of my investment money. I’m happy that nobody used my referral links as I would felt partly commited to theirs lost. I take this lesson and will be careful about what I recommend in the future. 

I re-read all my posts about investing. I saw that I was writing something that I was not sticking to. Everything I wrote on this blog makes sense. I should stick to it more. Ideas were great, but the executions were poor. That was the beginning of the problem — the origin of this loss. I thought there would be more time to get back my investment before some of the platforms collapses.
 
With so many platforms and projects from small countries as Latvia and Estonia, I wonder how there may be so many profitable businesses. It looked quite suspicious that in no other country, there are similar possibilities. Well, there aren’t that much, even in Pobaltic countries in the end. I should diversify better, be more careful, and stick to my ideas. Lesson learned the hard way
 

I will leave this quote from the last report. It is still topical. Just add one more sentence as a reminder of investing 1000 Euro into a single project on a single platform. Such a stupid idea. 

Always DIVERSIFY. And invest slowly.

Other Platforms

Mintos and Crowdestor look fine till now, but who knows what will come later as the P2P and P2B market is currently in shock.

There was no increase in the value of my stocks; therefore, no action made here, as I suggest in the last report.

Cryptocurrencies

Almost 33% increase from last month. That makes me a small profit on my investment – incredible. From lost to a small profit. For this exact reason, I bought some of the cryptocurrencies. It would be interesting to see if this profit will later cover my loss in P2P. That is the power of diversification!
 

(1€ = 25.22CZK, 1$ = 0.9€, 1RUB = 0,014)

AssetIncomeChange (last month)InvestmentValue
Mintos-EUR24.45€+21.5%2145€2420€
Mintos-RUB1.09€200€194€
Crowdestor6.21€+117.9%602€606€
Kuetzal-LOST1308€
Envestio-LOST487€
Fundlift-CZK368€388€
Shares2427€2665€
Crypto1552€1558€
31.75€-51.7%9089€7831€

Income:

 

Portfolio value:

 

What will I do next?

I don’t feel comfortable to invest much more into P2P. At least not yet. I think the stock market is either on tops. I think the smartest will be to re-read all my blog and ideas. Take the money I would invest and put them away – I will start this savings budget and wait with it for better times. Either after, there will be a crash on the stock market, or the situation about P2P will calm a little. That is my plan for now. I still have around 30 Euro of income. Not much, but better to wait now and get ready for later.

I will stick to my posts and come back with some cash behind.

Keep tuned and I wish you good luck!

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